Perpetual exits substantial holder position in Myer Holdings

Perpetual Limited ( (AU:PPT) ) has shared an update.

Perpetual Limited and its related entities have notified Myer Holdings Limited that they have ceased to be a substantial holder in the retailer as of 24 March 2026. The change reflects a reduction in Perpetual’s relevant interest and voting power in Myer shares since its previous substantial holding notice lodged in mid-March, signalling a retreat in its equity exposure to the department store group.

While detailed transaction data is contained in an annexure to the filing, the move indicates an adjustment in Perpetual’s portfolio positioning toward Myer amid ongoing active management of its Australian equity holdings. For Myer shareholders, the exit of a substantial institutional investor may affect the company’s share register composition and potentially influence trading liquidity and market perception of the stock.

The most recent analyst rating on (AU:PPT) stock is a Hold with a A$16.00 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.

More about Perpetual Limited

Perpetual Limited is an Australian diversified financial services group headquartered in Sydney, providing investment management and related fiduciary services to institutional and retail clients. Through its funds management arms, it actively manages portfolios that include Australian listed equities, where it can become or cease to be a substantial shareholder in ASX-listed companies such as department store operator Myer Holdings Limited.

Average Trading Volume: 268,335

Technical Sentiment Signal: Sell

Current Market Cap: A$1.86B

For detailed information about PPT stock, go to TipRanks’ Stock Analysis page.