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APG Asset Management significantly increased its stake in Vertex Pharmaceuticals, despite the company missing Q4 earnings.
APG Asset Management increased its stake in Vertex Pharmaceuticals by 189.7%, acquiring 235,265 shares, boosting total ownership to 359,285 shares.
Despite missing Q4 earnings estimates, Vertex has a "Moderate Buy" rating with a $509.17 target price.
The biotech company focuses on cystic fibrosis treatments and is expanding into sickle cell disease and non-opioid pain management, guiding for a 9% revenue increase in 2025.
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APG Asset Management aumentó significativamente su participación en Vertex Pharmaceuticals, a pesar de que la compañía perdió ganancias de Q4.