Pennsylvania Trust Co Grows Stake in Vertex Pharmaceuticals Incorporated (VRTX)

Pennsylvania Trust Co grew its position in Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) by 79.9% during the 4th quarter, HoldingsChannel reports. The fund owned 2,600 shares of the pharmaceutical company’s stock after buying an additional 1,155 shares during the quarter. Pennsylvania Trust Co’s holdings in Vertex Pharmaceuticals were worth $390,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Achmea Investment Management B.V. lifted its position in shares of Vertex Pharmaceuticals by 68.0% in the second quarter. Achmea Investment Management B.V. now owns 8,668 shares of the pharmaceutical company’s stock valued at $1,116,000 after acquiring an additional 3,507 shares in the last quarter. Picton Mahoney Asset Management purchased a new position in shares of Vertex Pharmaceuticals in the third quarter valued at approximately $13,077,000. IFM Investors Pty Ltd purchased a new position in shares of Vertex Pharmaceuticals in the third quarter valued at approximately $1,064,000. Janus Henderson Group PLC lifted its position in shares of Vertex Pharmaceuticals by 1,191.3% in the second quarter. Janus Henderson Group PLC now owns 448,975 shares of the pharmaceutical company’s stock valued at $57,860,000 after acquiring an additional 414,206 shares in the last quarter. Finally, Icon Advisers Inc. Co. lifted its position in Vertex Pharmaceuticals by 93.1% during the third quarter. Icon Advisers Inc. Co. now owns 54,463 shares of the pharmaceutical company’s stock worth $8,281,000 after buying an additional 26,253 shares in the last quarter. Institutional investors and hedge funds own 93.19% of the company’s stock.

In other news, EVP Stuart A. Arbuckle sold 6,290 shares of Vertex Pharmaceuticals stock in a transaction on Friday, October 27th. The stock was sold at an average price of $143.97, for a total value of $905,571.30. Following the completion of the sale, the executive vice president now directly owns 116,952 shares of the company’s stock, valued at $16,837,579.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey M. Leiden sold 99,563 shares of Vertex Pharmaceuticals stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $156.99, for a total value of $15,630,395.37. Following the completion of the sale, the chief executive officer now directly owns 176,747 shares of the company’s stock, valued at $27,747,511.53. The disclosure for this sale can be found here. In the last three months, insiders have sold 458,028 shares of company stock valued at $67,470,259. 1.80% of the stock is owned by insiders.

Shares of Vertex Pharmaceuticals Incorporated (NASDAQ VRTX) opened at $157.19 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.14 and a current ratio of 3.28. The stock has a market capitalization of $39,703.21, a price-to-earnings ratio of 201.53, a price-to-earnings-growth ratio of 1.85 and a beta of 1.58. Vertex Pharmaceuticals Incorporated has a one year low of $80.06 and a one year high of $167.85.

Vertex Pharmaceuticals (NASDAQ:VRTX) last posted its earnings results on Wednesday, October 25th. The pharmaceutical company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.49. The company had revenue of $578.20 million during the quarter, compared to analysts’ expectations of $522.07 million. Vertex Pharmaceuticals had a return on equity of 9.23% and a net margin of 8.53%. The firm’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share. equities analysts expect that Vertex Pharmaceuticals Incorporated will post 0.76 EPS for the current year.

VRTX has been the topic of a number of analyst reports. Zacks Investment Research downgraded Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. DA Davidson initiated coverage on Vertex Pharmaceuticals in a research report on Friday, September 29th. They set a “buy” rating and a $200.00 price objective on the stock. BMO Capital Markets reiterated a “buy” rating on shares of Vertex Pharmaceuticals in a research report on Wednesday, September 27th. Deutsche Bank initiated coverage on Vertex Pharmaceuticals in a research report on Tuesday, December 12th. They set a “buy” rating and a $175.00 price objective on the stock. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $205.00 price objective on shares of Vertex Pharmaceuticals in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. Vertex Pharmaceuticals currently has a consensus rating of “Buy” and an average price target of $175.89.

WARNING: This piece was originally posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3145612/pennsylvania-trust-co-grows-stake-in-vertex-pharmaceuticals-incorporated-vrtx.html.

Vertex Pharmaceuticals Profile

Vertex Pharmaceuticals Incorporated is engaged in discovering, developing, manufacturing and commercializing medicines for serious diseases. The Company is focused on developing and commercializing therapies for the treatment of cystic fibrosis (CF) and advancing its research and development programs in other indications.

Want to see what other hedge funds are holding VRTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX).

Institutional Ownership by Quarter for Vertex Pharmaceuticals (NASDAQ:VRTX)

Receive News & Ratings for Vertex Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertex Pharmaceuticals and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.