Artisan Partners Limited Partnership Purchases 106,920 Shares of VTEX (NYSE:VTEX)

Artisan Partners Limited Partnership increased its holdings in VTEX (NYSE:VTEX - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,463,925 shares of the company's stock after buying an additional 106,920 shares during the period. Artisan Partners Limited Partnership owned 0.80% of VTEX worth $8,623,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Janus Henderson Group PLC grew its stake in VTEX by 2,128.1% during the third 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 in the last quarter. AMS Capital Ltda grew its position in 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 acquiring an additional 395,030 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in VTEX during the third quarter worth about $2,518,000. State Street Corp raised its stake in VTEX by 51.8% during the third quarter. State Street Corp now owns 806,221 shares of the company's stock worth $5,998,000 after acquiring an additional 275,024 shares in the last quarter. Finally, Main Management ETF Advisors LLC bought a new position in shares of VTEX in the third quarter worth about $958,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VTEX has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price target on shares of VTEX from $9.50 to $9.00 and set an "overweight" rating for the company in a report on Friday, January 10th. UBS Group lowered their target price on VTEX from $12.50 to $11.00 and set a "buy" rating for the company in a report on Friday, December 20th. Finally, Citigroup started coverage on VTEX in a research note on Thursday, December 5th. They set a "neutral" rating and a $6.70 price target on the stock.

VTEX Price Performance

Shares of VTEX stock traded up $0.10 during trading on Wednesday, reaching $5.29. 306,596 shares of the company traded hands, compared to its average volume of 581,523. The firm has a market capitalization of $976.74 million, a PE ratio of 88.10 and a beta of 1.41. The company has a 50 day moving average price of $5.62 and a 200-day moving average price of $6.20. VTEX has a 1-year low of $4.20 and a 1-year high of $9.10.

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.