GC Wealth Management RIA LLC Buys 1,314 Shares of Vertex Pharmaceuticals Incorporated $VRTX

Key Points

• GC Wealth Management RIA LLC increased its stake in Vertex Pharmaceuticals by 291.4%, acquiring an additional 1,314 shares, bringing its total holdings to 1,765 shares valued at $786,000.
• Several institutional investors have also raised their positions in Vertex, with American National Bank & Trust increasing its stake by 515.4% in the second quarter.
• Vertex Pharmaceuticals recently reported a quarterly EPS of $4.52, exceeding estimates, and projected FY 2025 guidance aiming for 15.63 EPS this year.

GC Wealth Management RIA LLC raised its stake in Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX - Free Report) by 291.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,765 shares of the pharmaceutical company's stock after acquiring an additional 1,314 shares during the period. GC Wealth Management RIA LLC's holdings in Vertex Pharmaceuticals were worth $786,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VRTX. Activest Wealth Management bought a new position in Vertex Pharmaceuticals during the first quarter valued at approximately $25,000. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Vertex Pharmaceuticals by 450.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 55 shares of the pharmaceutical company's stock valued at $27,000 after acquiring an additional 45 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in shares of Vertex Pharmaceuticals in the first quarter valued at $32,000. American National Bank & Trust increased its position in Vertex Pharmaceuticals by 515.4% in the second quarter. American National Bank & Trust now owns 80 shares of the pharmaceutical company's stock worth $36,000 after purchasing an additional 67 shares during the last quarter. Finally, SJS Investment Consulting Inc. raised its stake in Vertex Pharmaceuticals by 46.2% during the first quarter. SJS Investment Consulting Inc. now owns 95 shares of the pharmaceutical company's stock valued at $46,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 90.96% of the company's stock.

Insider Transactions at Vertex Pharmaceuticals

In related news, Director Bruce I. Sachs bought 5,000 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were acquired at an average cost of $389.68 per share, for a total transaction of $1,948,400.00. Following the purchase, the director directly owned 45,000 shares of the company's stock, valued at approximately $17,535,600. The trade was a 12.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on VRTX. Leerink Partners upgraded shares of Vertex Pharmaceuticals from a "market perform" rating to an "outperform" rating and reduced their target price for the stock from $458.00 to $456.00 in a report on Thursday, September 25th. Leerink Partnrs upgraded Vertex Pharmaceuticals from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 25th. Canaccord Genuity Group decreased their price objective on Vertex Pharmaceuticals from $424.00 to $411.00 and set a "hold" rating on the stock in a research report on Wednesday, August 6th. Wells Fargo & Company upgraded Vertex Pharmaceuticals from an "equal weight" rating to an "overweight" rating and set a $460.00 target price for the company in a report on Wednesday, August 6th. Finally, Cantor Fitzgerald decreased their price target on Vertex Pharmaceuticals from $535.00 to $485.00 and set an "overweight" rating on the stock in a report on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $493.81.

Vertex Pharmaceuticals Stock Performance

Shares of VRTX stock opened at $395.31 on Tuesday. The stock has a 50 day moving average price of $404.74 and a 200 day moving average price of $445.10. Vertex Pharmaceuticals Incorporated has a 52-week low of $362.50 and a 52-week high of $519.88. The firm has a market capitalization of $101.35 billion, a P/E ratio of 28.26 and a beta of 0.44.

Vertex Pharmaceuticals (NASDAQ:VRTX - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The pharmaceutical company reported $4.52 EPS for the quarter, beating the consensus estimate of $4.24 by $0.28. The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.90 billion. Vertex Pharmaceuticals had a return on equity of 23.91% and a net margin of 31.86%.Vertex Pharmaceuticals's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($12.83) EPS. Vertex Pharmaceuticals has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Vertex Pharmaceuticals Incorporated will post 15.63 EPS for the current year.

About Vertex Pharmaceuticals

Vertex Pharmaceuticals Incorporated, a biotechnology company, engages in developing and commercializing therapies for treating cystic fibrosis (CF). It markets TRIKAFTA/KAFTRIO for people with CF with at least one F508del mutation for 2 years of age or older; SYMDEKO/SYMKEVI for people with CF for 6 years of age or older; ORKAMBI for CF patients 1 year or older; and KALYDECO for the treatment of patients with 1 year or older who have CF with ivacaftor.

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