Employees Retirement System of Texas Boosts Stake in VTEX (NYSE:VTEX)

Employees Retirement System of Texas grew its stake in shares of VTEX (NYSE:VTEX) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,238 shares of the company’s stock after buying an additional 6,836 shares during the period. Employees Retirement System of Texas’ holdings in VTEX were worth $308,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in VTEX. Artisan Partners Limited Partnership grew its stake in VTEX by 7.9% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,463,925 shares of the company’s stock worth $8,623,000 after acquiring an additional 106,920 shares during the period. AMS Capital Ltda grew its position in shares of VTEX by 54.4% in the fourth quarter. AMS Capital Ltda now owns 1,121,473 shares of the company’s stock valued at $6,605,000 after purchasing an additional 395,030 shares during the period. State Street Corp increased its stake in VTEX by 51.8% in the third quarter. State Street Corp now owns 806,221 shares of the company’s stock valued at $5,998,000 after purchasing an additional 275,024 shares during the last quarter. Janus Henderson Group PLC boosted its stake in VTEX by 2,128.1% in the 3rd quarter. Janus Henderson Group PLC now owns 558,216 shares of the company’s stock worth $4,144,000 after buying an additional 533,163 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in VTEX by 31.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 490,234 shares of the company’s stock worth $3,647,000 after buying an additional 116,895 shares during the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

VTEX Price Performance

NYSE VTEX opened at $4.52 on Tuesday. VTEX has a 1-year low of $4.20 and a 1-year high of $9.10. The firm has a market capitalization of $834.44 million, a P/E ratio of 75.26 and a beta of 1.30. The business’s 50-day simple moving average is $5.51 and its 200-day simple moving average is $6.14.

Wall Street Analysts Forecast Growth

VTEX has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on shares of VTEX from $9.50 to $9.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. UBS Group decreased their price target on shares of VTEX from $12.50 to $11.00 and set a “buy” rating on the stock in a report on Friday, December 20th.

VTEX Company Profile

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.