Employees Retirement System of Texas Raises Position in VTEX (NYSE:VTEX)

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of VTEX. Quarry LP raised its stake in shares of VTEX by 105.7% during the third quarter. Quarry LP now owns 3,637 shares of the company’s stock valued at $27,000 after purchasing an additional 1,869 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in VTEX in the 4th quarter worth $33,000. Barclays PLC purchased a new position in VTEX in the 3rd quarter valued at about $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of VTEX during the fourth quarter valued at about $59,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of VTEX during the third quarter valued at about $165,000. 63.69% of the stock is owned by institutional investors and hedge funds.

VTEX Stock Performance

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VTEX shares. UBS Group reduced their price target on VTEX from $12.50 to $11.00 and set a “buy” rating for the company in a report on Friday, December 20th. JPMorgan Chase & Co. reduced their target price on VTEX from $9.50 to $9.00 and set an “overweight” rating for the company in a research note on Friday, January 10th.

About VTEX

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.