Several institutional investors recently established new positions in Illumina. Patient Capital Management LLC acquired 345,314 shares valued at approximately $60.7 million. Callan Family Office LLC purchased 10,254 shares worth roughly $1.8 million. German firm B. Metzler seel. Sohn & Co. AG also initiated a position with 5,587 shares.
Director Keith A. Meister sold 679,574 shares between August 19 and August 21. The transaction totaled approximately $145.6 million and reduced his stake by about one-third. These moves follow Illumina's better-than-expected quarterly earnings report released in late July.