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Praemium Ltd ( (AU:PPS) ) has shared an update.
Praemium Ltd has disclosed that Pinnacle Investment Management Group and its subsidiaries have ceased to be substantial shareholders in the company as of 17 February 2026, according to a regulatory notice. The change follows an earlier substantial holding notice lodged in March 2025, with no alterations reported in the network of associates linked to Pinnacle’s former holding.
The exit of Pinnacle as a substantial holder may alter Praemium’s share register dynamics and could signal a shift in institutional investor sentiment or portfolio positioning. While detailed transaction terms are confined to annexures, the notice confirms that the change relates specifically to voting securities and that there have been no new or ceased associations affecting control of Praemium’s shares.
The most recent analyst rating on (AU:PPS) stock is a Buy with a A$1.20 price target. To see the full list of analyst forecasts on Praemium Ltd stock, see the AU:PPS Stock Forecast page.
More about Praemium Ltd
Praemium Ltd is an Australian financial services and technology company that provides investment platforms and portfolio administration solutions to financial advisers, wealth managers and institutions. The company focuses on helping professionals manage client investments and reporting, supporting discretionary and managed account services in competitive wealth management markets.
Average Trading Volume: 954,883
Technical Sentiment Signal: Buy
Current Market Cap: A$375.4M
See more insights into PPS stock on TipRanks’ Stock Analysis page.