HighTower Advisors LLC reduced its stake in Vertex Pharmaceuticals (NASDAQ:VRTX) by 21.9% in the third quarter, selling 12,332 shares and retaining 44,015 shares valued at $17.24 million. Despite the institutional selling, company revenue grew 9.5% year-over-year to $3.19 billion, although EPS slightly missed estimates at $5.03. Analysts maintain a “Moderate Buy” rating with an average price target of $542.00, while insiders have recently sold shares worth approximately $45.8 million.
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HighTower Advisors LLC Sells 12,332 Shares of Vertex Pharmaceuticals Incorporated $VRTX
HighTower Advisors LLC reduced its stake in Vertex Pharmaceuticals (NASDAQ:VRTX) by 21.9% in the third quarter, selling 12,332 shares and retaining 44,015 shares valued at $17.24 million. Despite the institutional selling, company revenue grew 9.5% year-over-year to $3.19 billion, although EPS slightly missed estimates at $5.03. Analysts maintain a “Moderate Buy” rating with an average price target of $542.00, while insiders have recently sold shares worth approximately $45.8 million.