Zurcher Kantonalbank Zurich Cantonalbank Invests $45,000 in CareDx Inc (CDNA) Stock

Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in CareDx Inc (NASDAQ:CDNA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,779 shares of the company’s stock, valued at approximately $45,000.

A number of other large investors have also bought and sold shares of the business. BlackRock Inc. raised its holdings in CareDx by 3,947.9% during the second quarter. BlackRock Inc. now owns 2,261,305 shares of the company’s stock worth $27,677,000 after acquiring an additional 2,205,441 shares in the last quarter. Renaissance Technologies LLC increased its position in CareDx by 65.6% during the second quarter. Renaissance Technologies LLC now owns 220,700 shares of the company’s stock worth $2,701,000 after buying an additional 87,400 shares during the last quarter. Millennium Management LLC increased its position in CareDx by 51.5% during the second quarter. Millennium Management LLC now owns 242,613 shares of the company’s stock worth $2,970,000 after buying an additional 82,461 shares during the last quarter. Northern Trust Corp grew its position in shares of CareDx by 737.0% in the second quarter. Northern Trust Corp now owns 369,484 shares of the company’s stock valued at $4,523,000 after purchasing an additional 325,341 shares during the last quarter. Finally, Perkins Capital Management Inc. grew its position in shares of CareDx by 4.7% in the third quarter. Perkins Capital Management Inc. now owns 211,060 shares of the company’s stock valued at $6,089,000 after purchasing an additional 9,500 shares during the last quarter. 75.83% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:CDNA opened at $26.51 on Tuesday. The company has a market cap of $1.03 billion, a P/E ratio of -34.43 and a beta of 1.20. CareDx Inc has a 1 year low of $5.07 and a 1 year high of $30.80. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.36 and a current ratio of 2.65.

In other CareDx news, insider Peter Maag sold 100,000 shares of the company’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $28.53, for a total transaction of $2,853,000.00. Following the completion of the sale, the insider now directly owns 408,372 shares in the company, valued at $11,650,853.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James P. Yee sold 32,500 shares of the company’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $23.88, for a total value of $776,100.00. Following the sale, the insider now owns 73,543 shares of the company’s stock, valued at $1,756,206.84. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

Several equities analysts have recently commented on CDNA shares. Jefferies Financial Group started coverage on CareDx in a research report on Friday. They issued a “buy” rating and a $35.00 target price on the stock. BidaskClub downgraded CareDx from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 8th. Craig Hallum reaffirmed a “buy” rating and issued a $40.00 target price on shares of CareDx in a research report on Friday, November 9th. Zacks Investment Research raised CareDx from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Thursday, January 3rd. Finally, HC Wainwright reaffirmed a “hold” rating and issued a $27.00 target price on shares of CareDx in a research report on Friday, December 21st. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $33.50.

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CareDx Company Profile

CareDx, Inc, a transplant diagnostics company, together with its subsidiaries, engages in the discovery, development, and commercialization of diagnostic surveillance solutions for transplant patients worldwide. It operates through two segments, Post-Transplant Diagnostics and Pre-Transplant Diagnostics.

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Institutional Ownership by Quarter for CareDx (NASDAQ:CDNA)

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