Neuberger Berman Group LLC Acquires 7,145 Shares of VTEX (NYSE:VTEX)

Neuberger Berman Group LLC increased its position in shares of VTEX (NYSE:VTEX) by 47.7% in the fourth quarter, HoldingsChannel reports. The firm owned 22,131 shares of the company’s stock after purchasing an additional 7,145 shares during the period. Neuberger Berman Group LLC’s holdings in VTEX were worth $130,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of VTEX. Raymond James Financial Inc. bought a new stake in VTEX during the 4th quarter worth about $399,000. Employees Retirement System of Texas increased its stake in VTEX by 15.1% during the 4th quarter. Employees Retirement System of Texas now owns 52,238 shares of the company’s stock worth $308,000 after purchasing an additional 6,836 shares in the last quarter. Trexquant Investment LP increased its stake in VTEX by 38.3% during the 4th quarter. Trexquant Investment LP now owns 482,556 shares of the company’s stock worth $2,842,000 after purchasing an additional 133,647 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in VTEX in the fourth quarter valued at approximately $925,000. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of VTEX by 7.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,463,925 shares of the company’s stock valued at $8,623,000 after buying an additional 106,920 shares during the period. Institutional investors own 63.69% of the company’s stock.

VTEX Stock Up 3.5 %

VTEX opened at $4.92 on Friday. VTEX has a 12-month low of $4.20 and a 12-month high of $8.29. The business has a 50 day moving average of $5.28 and a 200-day moving average of $6.06. The stock has a market cap of $898.46 million, a price-to-earnings ratio of 81.93 and a beta of 1.30.

Wall Street Analyst Weigh In

Several research firms recently commented on VTEX. 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 research report on Friday, January 10th. UBS Group cut their target price on VTEX from $12.50 to $11.00 and set a “buy” rating on the stock in a research note on Friday, December 20th.

VTEX 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.