Stifel Downgrades Vertex Outlook Amid Institutional Activity

Fintel reports that on February 28, 2025, Stifel downgraded their outlook for Vertex (LSE:0A3L) from Buy to Hold.

Changes in Fund Sentiment

Currently, 535 funds or institutions report their positions in Vertex, marking an increase of 65 owners, or 13.83%, in the last quarter. The average portfolio weight of all funds dedicated to 0A3L is now 0.38%, which represents a 10.50% increase. Over the past three months, institutions have increased their total shares owned by 10.77% to 95,937K shares.

Institutional Shareholder Actions

Tensile Capital Management holds 3,770K shares, which represents 5.71% ownership of the company. In its previous filing, the firm reported owning 4,054K shares, indicating a decrease of 7.53%. However, it has increased its portfolio allocation in 0A3L by 23.79% over the last quarter.

Neuberger Berman Group holds 3,528K shares, representing 5.35% ownership. Previously, the firm reported owning 3,474K shares, reflecting an increase of 1.53%. Nonetheless, the firm decreased its portfolio allocation in 0A3L by 25.53% over the last quarter.

NBGNX – Neuberger Berman Genesis Fund Investor Class owns 2,297K shares, equating to 3.48% ownership. This is unchanged from its prior report, where it held the same number of shares, indicating an increase of just 0.01%. The portfolio allocation in 0A3L was increased by 30.00% last quarter.

Conestoga Capital Advisors holds 2,262K shares, which represents 3.43% ownership. Previously, the firm reported owning 2,280K shares, showing a decrease of 0.83%. The portfolio allocation in 0A3L has been increased by 34.21% over the last quarter.

Franklin Resources possesses 2,129K shares, accounting for 3.23% ownership of Vertex. In its prior report, the firm indicated ownership of 1,690K shares, reflecting an increase of 20.62%. However, it has decreased its portfolio allocation in 0A3L by 72.30% over the last quarter.

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This story originally appeared on Fintel.

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