Intech Investment Management LLC Raises Holdings in Shopify Inc. $SHOP

Posted by George Bondi on May 29th, 2026

Intech Investment Management LLC grew its position in shares of Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 15.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 222,306 shares of the software maker’s stock after purchasing an additional 29,944 shares during the quarter. Intech Investment Management LLC’s holdings in Shopify were worth $35,841,000 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. grew its holdings in shares of Shopify by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 50,670,627 shares of the software maker’s stock worth $8,158,643,000 after purchasing an additional 743,803 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Shopify by 6.2% during the fourth quarter. Geode Capital Management LLC now owns 12,601,476 shares of the software maker’s stock worth $2,043,365,000 after purchasing an additional 737,892 shares during the last quarter. TD Asset Management Inc boosted its stake in shares of Shopify by 1.4% during the third quarter. TD Asset Management Inc now owns 8,528,510 shares of the software maker’s stock worth $1,267,327,000 after buying an additional 118,836 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Shopify by 3.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,588,934 shares of the software maker’s stock worth $978,679,000 after buying an additional 213,315 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Shopify by 2.6% during the fourth quarter. Legal & General Group Plc now owns 6,349,261 shares of the software maker’s stock worth $1,023,638,000 after buying an additional 160,376 shares during the period. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Stock Up 7.9%

Shares of NASDAQ:SHOP opened at $115.03 on Friday. The company has a market cap of $149.27 billion, a P/E ratio of 113.89, a PEG ratio of 2.99 and a beta of 2.64. Shopify Inc. has a 52 week low of $94.00 and a 52 week high of $182.19. The company has a 50-day moving average price of $114.81 and a 200 day moving average price of $134.17.

Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last announced its quarterly earnings data on Tuesday, May 5th. The software maker reported $999.00 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $998.78. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.08 billion. Shopify had a net margin of 10.77% and a return on equity of 12.07%. Analysts expect that Shopify Inc. will post 1.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SHOP. Truist Financial set a $150.00 target price on shares of Shopify and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Stifel Nicolaus set a $115.00 target price on shares of Shopify and gave the stock a “hold” rating in a research note on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $175.00 target price on shares of Shopify in a research note on Thursday, February 12th. KeyCorp reiterated an “overweight” rating and set a $160.00 target price on shares of Shopify in a research note on Wednesday, February 11th. Finally, Wedbush decreased their target price on shares of Shopify from $185.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $157.17.

View Our Latest Stock Analysis on Shopify

Shopify Company Profile

(Free Report)

Shopify is a Canadian commerce technology company that provides a cloud-based platform for businesses to create, manage and scale online and physical retail stores. Its core offering is a software-as-a-service e-commerce platform that enables merchants to build customizable storefronts, manage product catalogs, process orders, and handle inventory. Shopify also supports omnichannel selling through integrated point-of-sale (POS) systems for in-person transactions.

Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.