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Perpetual Limited ( (AU:PPT) ) has provided an update.
Perpetual Limited and its related bodies corporate have ceased to be a substantial holder in Nine Entertainment Co. Holdings, the Australian media group, as of 29 April 2026. The change, detailed in an ASIC Form 605 notice, indicates that Perpetual and its investment subsidiaries have reduced their voting interest in Nine below the substantial holding threshold, potentially altering Nine’s institutional shareholder base and Perpetual’s exposure to the media sector.
The filing follows a prior substantial holding notice lodged in late April, underscoring a rapid adjustment in Perpetual’s position. While specific transaction details are set out in an annexure to the notice, the move signals an active portfolio reweighting by Perpetual and may influence governance dynamics at Nine as its register shifts away from this major institutional investor.
The most recent analyst rating on (AU:PPT) stock is a Hold with a A$18.00 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 financial services group headquartered in Sydney, providing investment management and related fiduciary services to institutional and retail clients. Through subsidiaries such as Pendal Group and associated entities, the company manages and administers assets across listed securities and other investment vehicles in the Australian market.
Average Trading Volume: 283,880
Technical Sentiment Signal: Sell
Current Market Cap: A$1.91B
For an in-depth examination of PPT stock, go to TipRanks’ Overview page.