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An announcement from Technology One Limited ( (AU:TNE) ) is now available.
Pinnacle Investment Management Group and its subsidiaries have notified Technology One Limited that they have ceased to be a substantial holder in the software company as of 10 April 2026. The change, formally lodged with the company on 15 April, reflects a reduction in Pinnacle’s relevant voting interest and may slightly alter the shareholder register composition, though no changes in associate relationships were disclosed.
While detailed transaction data are contained in annexures, the filing confirms that the shift relates to changes in Pinnacle’s holdings and not to any new or terminated associations with other parties. For Technology One, the notice marks an adjustment in institutional ownership rather than a change in control, with implications primarily for investor relations and market perception of its shareholder base.
The most recent analyst rating on (AU:TNE) stock is a Buy with a A$29.73 price target. To see the full list of analyst forecasts on Technology One Limited stock, see the AU:TNE Stock Forecast page.
More about Technology One Limited
Technology One Limited is an enterprise software company that develops and delivers business software solutions, including enterprise resource planning and related systems, primarily for corporate, government and institutional clients. The company operates within the broader technology and software services industry, focusing on mission-critical applications that support customers’ operational and administrative functions.
Average Trading Volume: 1,435,539
Technical Sentiment Signal: Hold
Current Market Cap: A$8.91B
Find detailed analytics on TNE stock on TipRanks’ Stock Analysis page.