Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) EVP Amit Sachdev sold 61 shares of Vertex Pharmaceuticals stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $165.41, for a total transaction of $10,090.01. Following the completion of the sale, the executive vice president now owns 33,416 shares in the company, valued at $5,527,340.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Vertex Pharmaceuticals stock traded down $1.50 during trading hours on Friday, hitting $168.73. 898,185 shares of the company traded hands, compared to its average volume of 1,399,861. The stock has a market cap of $43.68 billion, a price-to-earnings ratio of 59.62, a PEG ratio of 2.42 and a beta of 1.56. The company has a current ratio of 3.78, a quick ratio of 3.66 and a debt-to-equity ratio of 0.13. Vertex Pharmaceuticals Incorporated has a 1-year low of $144.07 and a 1-year high of $195.81.
Vertex Pharmaceuticals (NASDAQ:VRTX) last released its earnings results on Tuesday, April 30th. The pharmaceutical company reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.49. The firm had revenue of $857.00 million for the quarter, compared to analysts’ expectations of $853.00 million. Vertex Pharmaceuticals had a net margin of 66.01% and a return on equity of 22.63%. Vertex Pharmaceuticals’s quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter last year, the company earned $0.76 EPS. Research analysts expect that Vertex Pharmaceuticals Incorporated will post 3.06 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in VRTX. Neuberger Berman Group LLC increased its stake in Vertex Pharmaceuticals by 0.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 249,092 shares of the pharmaceutical company’s stock valued at $48,010,000 after buying an additional 657 shares during the period. Morgan Stanley increased its stake in Vertex Pharmaceuticals by 11.1% during the 3rd quarter. Morgan Stanley now owns 690,767 shares of the pharmaceutical company’s stock valued at $133,137,000 after buying an additional 69,242 shares during the period. Vanguard Group Inc increased its stake in Vertex Pharmaceuticals by 1.2% during the 3rd quarter. Vanguard Group Inc now owns 18,775,252 shares of the pharmaceutical company’s stock valued at $3,618,743,000 after buying an additional 213,550 shares during the period. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in shares of Vertex Pharmaceuticals in the 4th quarter worth approximately $431,000. Finally, First Citizens Bank & Trust Co. acquired a new position in shares of Vertex Pharmaceuticals in the 4th quarter worth approximately $807,000. 94.92% of the stock is currently owned by hedge funds and other institutional investors.
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Vertex Pharmaceuticals Company Profile
Vertex Pharmaceuticals Incorporated engages in developing and commercializing therapies for treating cystic fibrosis. The company markets SYMDEKO/SYMKEVI, ORKAMBI, and KALYDECO to treat patients with cystic fibrosis who have specific mutations in their cystic fibrosis transmembrane conductance regulator gene.
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