Healthcare of Ontario Pension Plan Trust Fund raised its position in AvePoint, Inc. (NASDAQ:AVPT – Free Report) by 620.9% in the 4th quarter, Holdings Channel reports. The fund owned 2,140,572 shares of the company’s stock after acquiring an additional 1,843,641 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in AvePoint were worth $29,733,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of AvePoint by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 17,404,543 shares of the company’s stock worth $241,749,000 after acquiring an additional 195,404 shares during the period. Parsifal Capital Management LP lifted its stake in shares of AvePoint by 61.2% in the 3rd quarter. Parsifal Capital Management LP now owns 8,522,740 shares of the company’s stock worth $127,926,000 after acquiring an additional 3,235,384 shares during the period. Morgan Stanley lifted its stake in shares of AvePoint by 372.6% in the 4th quarter. Morgan Stanley now owns 7,871,282 shares of the company’s stock worth $109,332,000 after acquiring an additional 6,205,829 shares during the period. Jennison Associates LLC lifted its stake in shares of AvePoint by 11.1% in the 4th quarter. Jennison Associates LLC now owns 4,173,280 shares of the company’s stock worth $57,967,000 after acquiring an additional 417,625 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of AvePoint by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 3,643,473 shares of the company’s stock worth $50,614,000 after acquiring an additional 234,080 shares during the period. Institutional investors and hedge funds own 44.49% of the company’s stock.
AvePoint Trading Up 0.3%
NASDAQ:AVPT opened at $10.90 on Tuesday. The firm has a 50-day moving average price of $10.22 and a two-hundred day moving average price of $11.31. AvePoint, Inc. has a twelve month low of $8.84 and a twelve month high of $19.95. The company has a market capitalization of $2.31 billion, a P/E ratio of 51.90 and a beta of 1.18.
Wall Street Analyst Weigh In
Several analysts have recently commented on AVPT shares. Weiss Ratings restated a “hold (c-)” rating on shares of AvePoint in a research note on Friday, March 27th. Cantor Fitzgerald reduced their target price on shares of AvePoint from $18.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Citigroup reduced their target price on shares of AvePoint from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. The Goldman Sachs Group restated a “neutral” rating and issued a $14.00 target price on shares of AvePoint in a research note on Wednesday, May 13th. Finally, DA Davidson cut their price target on shares of AvePoint from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.44.
Check Out Our Latest Stock Analysis on AvePoint
AvePoint Company Profile
AvePoint, Inc (NASDAQ:AVPT) is a leading software provider specializing in data management, governance, and compliance solutions for Microsoft 365 and related cloud platforms. Founded in 2001 and headquartered in Jersey City, New Jersey, the company offers a comprehensive suite of cloud-based and on-premises tools designed to help organizations migrate, manage, and protect their collaboration data. AvePoint’s flagship Cloud Platform delivers backup, governance, reporting, and migration services for SharePoint, Teams, Exchange, OneDrive, and Salesforce environments.
With a customer base spanning thousands of organizations across more than 100 countries, AvePoint serves enterprises, government agencies, and educational institutions seeking to ensure data security, regulatory compliance, and operational resilience.
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