Biogen (NASDAQ:BIIB) Downgraded by TheStreet to "C+"

The biotechnology company reported $5.26 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $5.44 by ($0.18).

Several other institutional investors also recently made changes to their positions in BIIB. The stock increased 0.02% or $0.01 during the last trading session, reaching $62.11. About 857,264 shares traded.

Biogen (NASDAQ:BIIB) opened at $279.90 on Thursday. It has underperformed by 11.76% the S&P500. The Cim Investment Mangement Inc holds 1,544 shares with $483,000 value, down from 3,311 last quarter.

Biogen, Inc.is a global biotechnology company, which focuses on discovering, developing, manufacturing and delivering therapies for neurological, autoimmune and hematologic disorders.

The stock decreased 0.91% or $0.47 during the last trading session, reaching $51.42. (NASDAQ:CASS) has risen 34.53% since March 11, 2017 and is uptrending. It has underperformed by 4.78% the S&P500.

"Grows Holdings in Biogen Inc (BIIB)" was first reported by Enterprise Leader and is the sole property of of Enterprise Leader. Guggenheim set a $400.00 target price on shares of Biogen and gave the company a "buy" rating in a research report on Friday, March 2nd. Therefore 73% are positive.

Among 33 analysts covering Biogen Idec Inc. Ngam Advisors Lp acquired 4,155 shares as Biogen Inc (BIIB)'s stock declined 13.45%. (NASDAQ:BIIB) earned "Overweight" rating by Morgan Stanley on Thursday, October 5. The stock has "Hold" rating by Jefferies on Wednesday, August 30.

More notable recent Biogen Inc. (NASDAQ:BIIB) were released by: Wsj.com and their article: "Biogen CEO Calls Share Slump an Overreaction to Alzheimer's Trial" published on February 20, 2018 as well as Fool.com's news article titled: "Better Buy: Biogen Inc. vs. Celgene Corporation" with publication date: February 23, 2018. The firm has "Buy" rating by Credit Suisse given on Wednesday, February 7. Finally, Oppenheimer set a $350.00 target price on shares of Biogen and gave the stock a "buy" rating in a research report on Monday, December 4th. As per Friday, December 9, the company rating was maintained by Stifel Nicolaus. The company was maintained on Monday, March 5 by BMO Capital Markets. The company was maintained on Tuesday, August 25 by Cowen & Co.

Since January 9, 2018, it had 0 buys, and 5 sales for $2.87 million activity.

Investors sentiment increased to 1.17 in 2017 Q3. Its down 0.28, from 1.19 in 2017Q2. 96 funds opened positions while 292 raised stakes. The institutional investors in our database now have: 63.84 million shares, up from 60.01 million shares in 2017Q2. Asset Mngmt owns 0.07% invested in Biogen Inc. (NASDAQ:BIIB) for 1,000 shares. Biogen had a return on equity of 38.32% and a net margin of 20.69%. (NASDAQ:BIIB). Sphera Funds Management Limited holds 4.69% of its portfolio in Biogen Inc. (NASDAQ:BIIB). Solutions Lc holds 0% or 85 shares in its portfolio. (NASDAQ:BIIB). Hbk Sorce Advisory Ltd Llc holds 2,265 shares or 0.11% of its portfolio. (NASDAQ:BIIB). Fmr Limited Liability holds 0.27% or 7.15 million shares. Axiom Intl Invsts Limited Liability De holds 0.04% of its portfolio in USA Technologies, Inc. Rosenbaum Jay D reported 2,104 shares. Alpha Windward Ltd Liability holds 0.01% of its portfolio in Biogen Inc. Moreover, Dnb Asset Management As has 0.18% invested in Biogen Inc. Biogen accounts for about 3.0% of Gruss & Co. (NASDAQ:BIIB). Boltwood Cap Mgmt accumulated 2,610 shares. Sandrock Alfred sold $386,712 worth of Biogen Inc. 48,000 are owned by Duquesne Family Office Ltd Liability.

Bedell Frazier Investment Counseling Llc, which manages about $216.92M US Long portfolio, upped its stake in Whirlpool Corp (NYSE:WHR) by 17,015 shares to 65,198 shares, valued at $12.03M in 2017Q3, according to the filing. It also reduced its holding in Abbott Labs (NYSE:ABT) by 265,600 shares in the quarter, leaving it with 1.27 million shares, and cut its stake in Laboratory Corp Amer Hldgs (NYSE:LH). The Sphera Funds Management Ltd holds 105,000 shares with $32.88M value, up from 90,000 last quarter. The stock was sold at an average price of $290.83, for a total transaction of $75,324.97. One analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-two have given a buy rating to the company. After $5.26 actual EPS reported by Biogen Inc. for the previous quarter, Wall Street now forecasts 12.93% EPS growth. The firm has "Buy" rating given on Thursday, February 1 by Piper Jaffray. Pnc Svcs Grp stated it has 0.14% in Biogen Inc. The rating was maintained by BMO Capital Markets with "Outperform" on Monday, March 5. (NASDAQ:BIIB) rating on Tuesday, November 8. The firm has "Buy" rating by Northland Capital given on Tuesday, September 5. The firm earned "Buy" rating on Wednesday, October 25 by H.C. Wainwright. RI purchased a new position in Biogen during the 4th quarter valued at $321,000.

Investors sentiment decreased to 0.89 in 2017 Q3. Its up 0.25, from 0.88 in 2017Q2. (NASDAQ:BIIB). Partners Llc invested in 0.44% or 42,700 shares. Parkside Fin Bancorp reported 11,354 shares or 0.42% of all its holdings. Renaissance Grp Limited Liability Company accumulated 118,791 shares. Colorado-based Ghp Investment Advsr has invested 0.33% in Cass Information Systems, Inc. (NYSE:MO) for 15,253 shares. Washington Trust reported 0.03% of its portfolio in Altria Group, Inc. Lau Assoc Limited Company holds 1.06% or 4,370 shares in its portfolio. Winslow Evans Crocker holds 0.09% of its portfolio in Altria Group, Inc.

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