Snowflake Sees Positive Upgrade Amid Mixed Institutional Holdings
On November 6, 2024, Monness, Crespi, Hardt revised their rating for Snowflake (LSE:0A93), moving from Neutral to Buy.
Fund Ownership Overview
Currently, 1,575 funds or institutions have reported their shares in Snowflake, reflecting a decline of 102 owners, or 6.08%, in the past quarter. The average portfolio weight allocated to 0A93 is now 0.40%, showing an increase of 13.55%. In total, institutional ownership rose by 9.63% over the last three months, reaching 227,342K shares.
Actions of Key Shareholders
Altimeter Capital Management currently holds 9,551K shares of Snowflake, representing 2.85% ownership. Compared to the previous filing, the firm has decreased its position by 10,281K shares, a drop of 7.65%. They also reduced their allocation in 0A93 by 24.91% this quarter.
The Vanguard Total Stock Market Index Fund Investor Shares holds 9,516K shares, translating to 2.84% ownership. Previously, they owned 9,311K shares, marking an increase of 2.16%. However, their allocation in 0A93 decreased by 16.92% during the last quarter.
Bank of Montreal displays a more significant shift, holding 7,608K shares, or 2.27% ownership, up from 4,811K shares, which is a rise of 36.77%. Nevertheless, they cut their portfolio allocation in 0A93 by 58.43%.
Sc Us owns 7,501K shares, equating to a 2.24% stake, slightly down from 7,541K shares, reflecting a decrease of 0.53%. The firm’s portfolio allocation in 0A93 was reduced by 9.23% this past quarter.
Norges Bank’s holdings have notably changed, now at 6,185K shares or 1.85% ownership, a significant increase given they previously reported owning 0K shares, marking a 100.00% rise.
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