Decagon Asset Management LLP Takes $8.72 Million Position in Inflection Point Acquisition Corp. II (NASDAQ:IPXX)

Decagon Asset Management LLP bought a new stake in Inflection Point Acquisition Corp. II (NASDAQ:IPXX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 759,959 shares of the company's stock, valued at approximately $8,724,000. Inflection Point Acquisition Corp. II makes up approximately 3.2% of Decagon Asset Management LLP's investment portfolio, making the stock its 15th biggest position. Decagon Asset Management LLP owned 2.43% of Inflection Point Acquisition Corp. II at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC raised its stake in Inflection Point Acquisition Corp. II by 62.4% during the third quarter. Geode Capital Management LLC now owns 24,962 shares of the company's stock worth $268,000 after acquiring an additional 9,596 shares in the last quarter. Centiva Capital LP raised its stake in Inflection Point Acquisition Corp. II by 153.9% during the third quarter. Centiva Capital LP now owns 634,645 shares of the company's stock worth $6,816,000 after acquiring an additional 384,645 shares in the last quarter. Berkley W R Corp raised its stake in Inflection Point Acquisition Corp. II by 10.0% during the third quarter. Berkley W R Corp now owns 1,205,131 shares of the company's stock worth $12,955,000 after acquiring an additional 109,450 shares in the last quarter. Mizuho Securities USA LLC raised its stake in Inflection Point Acquisition Corp. II by 42.4% during the third quarter. Mizuho Securities USA LLC now owns 2,000,100 shares of the company's stock worth $21,441,000 after acquiring an additional 595,250 shares in the last quarter. Finally, Westchester Capital Management LLC raised its stake in Inflection Point Acquisition Corp. II by 7.6% during the third quarter. Westchester Capital Management LLC now owns 2,467,793 shares of the company's stock worth $26,504,000 after acquiring an additional 175,000 shares in the last quarter.

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Analysts Set New Price Targets

Separately, Benchmark upgraded Inflection Point Acquisition Corp. II to a "strong-buy" rating in a research note on Thursday, February 27th.

Inflection Point Acquisition Corp. II Stock Performance

Inflection Point Acquisition Corp. II stock traded down $0.90 during mid-day trading on Friday, hitting $11.10. 388,158 shares of the company were exchanged, compared to its average volume of 117,786. The business has a fifty day moving average of $12.23 and a 200 day moving average of $11.52. Inflection Point Acquisition Corp. II has a 1-year low of $9.24 and a 1-year high of $15.25.

Inflection Point Acquisition Corp. II Profile

Inflection Point Acquisition Corp. II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in New York, New York.