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Gentrack Group Ltd Sees Significant Stake Acquisition by Investment Entities

Story Highlights
  • FirstCape and Harbour Asset Management have acquired significant stakes in Gentrack.
  • The acquisition indicates a notable interest in Gentrack’s shares, impacting market dynamics.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Gentrack Group Ltd Sees Significant Stake Acquisition by Investment Entities

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An announcement from Gentrack Group Ltd ( (AU:GTK) ) is now available.

Gentrack Group Ltd has announced a substantial holding disclosure involving FirstCape Group Limited and Harbour Asset Management Limited. Both entities have acquired significant stakes in Gentrack, with FirstCape holding 5.002% and Harbour Asset Management holding 5.001% of the ordinary shares. This development indicates a notable interest in Gentrack’s shares by these investment entities, potentially impacting the company’s market dynamics and shareholder composition.

The most recent analyst rating on (AU:GTK) stock is a Buy with a A$12.80 price target. To see the full list of analyst forecasts on Gentrack Group Ltd stock, see the AU:GTK Stock Forecast page.

More about Gentrack Group Ltd

Average Trading Volume: 201,569

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$1.18B

Learn more about GTK stock on TipRanks’ Stock Analysis page.

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