Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX – Get Free Report) Director Bruce I. Sachs sold 7,073 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $448.00, for a total value of $3,168,704.00. Following the completion of the sale, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $17,920,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Vertex Pharmaceuticals Stock Up 1.4 %
VRTX stock traded up $6.15 on Friday, reaching $456.95. 1,050,952 shares of the company traded hands, compared to its average volume of 1,143,952. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.50 and a quick ratio of 3.29. The firm has a fifty day simple moving average of $413.48 and a 200-day simple moving average of $406.58. Vertex Pharmaceuticals Incorporated has a one year low of $320.01 and a one year high of $457.66. The company has a market cap of $117.92 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 2.31 and a beta of 0.39.
Vertex Pharmaceuticals (NASDAQ:VRTX – Get Free Report) last posted its quarterly earnings results on Monday, May 6th. The pharmaceutical company reported $4.76 earnings per share for the quarter, topping the consensus estimate of $3.66 by $1.10. Vertex Pharmaceuticals had a return on equity of 23.08% and a net margin of 39.46%. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter in the previous year, the business earned $2.67 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. Research analysts anticipate that Vertex Pharmaceuticals Incorporated will post 15.28 earnings per share for the current year.
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Institutional Trading of Vertex Pharmaceuticals
Several large investors have recently added to or reduced their stakes in VRTX. Capital World Investors increased its holdings in shares of Vertex Pharmaceuticals by 21.3% in the fourth quarter. Capital World Investors now owns 21,805,770 shares of the pharmaceutical company’s stock worth $8,872,586,000 after purchasing an additional 3,824,103 shares during the last quarter. Norges Bank purchased a new stake in shares of Vertex Pharmaceuticals in the 4th quarter worth $1,237,877,000. Capital Research Global Investors lifted its holdings in Vertex Pharmaceuticals by 61.0% during the first quarter. Capital Research Global Investors now owns 5,743,882 shares of the pharmaceutical company’s stock worth $2,401,000,000 after buying an additional 2,176,218 shares during the period. Jennison Associates LLC grew its stake in Vertex Pharmaceuticals by 21.2% in the first quarter. Jennison Associates LLC now owns 4,782,374 shares of the pharmaceutical company’s stock valued at $1,999,080,000 after purchasing an additional 837,461 shares during the last quarter. Finally, Swedbank AB acquired a new position in shares of Vertex Pharmaceuticals during the first quarter worth $277,317,000. 90.96% of the stock is currently owned by institutional investors.
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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