Todd Asset Management LLC significantly reduced its stake in Incyte Corporation (NASDAQ: INCY) by 16.8% in Q3, selling over 69,000 shares. Despite this, other major institutional investors like Vanguard Group Inc., AQR Capital Management LLC, and Geode Capital Management LLC increased their holdings. Wall Street analysts currently hold a “Hold” consensus rating for Incyte, with an average price target of $103.94, even after the company missed EPS estimates in its latest quarterly report though revenue exceeded expectations.
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Incyte Corporation $INCY Shares Sold by Todd Asset Management LLC
Todd Asset Management LLC significantly reduced its stake in Incyte Corporation (NASDAQ: INCY) by 16.8% in Q3, selling over 69,000 shares. Despite this, other major institutional investors like Vanguard Group Inc., AQR Capital Management LLC, and Geode Capital Management LLC increased their holdings. Wall Street analysts currently hold a “Hold” consensus rating for Incyte, with an average price target of $103.94, even after the company missed EPS estimates in its latest quarterly report though revenue exceeded expectations.