Fintel reports that on January 2, 2025, Piper Sandler downgraded their outlook for Biogen (BRSE:BIIB) from Overweight to Neutral.
What is the Fund Sentiment?
There are 1,768 funds or institutions reporting positions in Biogen. This is an decrease of 39 owner(s) or 2.16% in the last quarter. Average portfolio weight of all funds dedicated to BIIB is 0.17%, an increase of 31.42%. Total shares owned by institutions increased in the last three months by 2.44% to 146,574K shares.
What are Other Shareholders Doing?
Primecap Management holds 16,315K shares representing 11.20% ownership of the company. In its prior filing, the firm reported owning 16,338K shares , representing a decrease of 0.14%. The firm decreased its portfolio allocation in BIIB by 15.20% over the last quarter.
VPMCX - Vanguard PRIMECAP Fund Investor Shares holds 9,180K shares representing 6.30% ownership of the company. In its prior filing, the firm reported owning 9,155K shares , representing an increase of 0.27%. The firm decreased its portfolio allocation in BIIB by 15.67% over the last quarter.
Jpmorgan Chase holds 5,257K shares representing 3.61% ownership of the company. In its prior filing, the firm reported owning 4,715K shares , representing an increase of 10.32%. The firm increased its portfolio allocation in BIIB by 871.73% over the last quarter.
Wellington Management Group Llp holds 5,131K shares representing 3.52% ownership of the company. In its prior filing, the firm reported owning 5,166K shares , representing a decrease of 0.69%. The firm decreased its portfolio allocation in BIIB by 88.57% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,621K shares representing 3.17% ownership of the company. In its prior filing, the firm reported owning 4,614K shares , representing an increase of 0.17%. The firm decreased its portfolio allocation in BIIB by 21.33% over the last quarter.
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