South Dakota Investment Council Cuts Stake in Vertex Pharmaceuticals Incorporated $VRTX

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The South Dakota Investment Council significantly reduced its stake in Vertex Pharmaceuticals (NASDAQ:VRTX) by 56% in the third quarter, selling 8,743 shares and retaining 6,880 shares valued at approximately $2.694 million. While the company missed its EPS forecast by $0.02, it exceeded revenue estimates with $3.19 billion and maintains a “Moderate Buy” rating from analysts with a $542 target. Institutional investors collectively own a substantial 90.96% of the stock, despite recent insider selling totaling about $42.8 million.

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