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Pinnacle Investment Acquires Substantial Stake in Nanosonics

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Pinnacle Investment Acquires Substantial Stake in Nanosonics

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Pinnacle Investment Management Group Limited ( (AU:PNI) ) has shared an announcement.

Pinnacle Investment Management Group Limited has become a substantial holder in Nanosonics Ltd, acquiring a 5.21% voting power with 15,812,969 ordinary fully paid shares. This move signifies Pinnacle’s strategic interest in Nanosonics, potentially impacting the company’s market positioning and stakeholder interests.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

More about Pinnacle Investment Management Group Limited

Pinnacle Investment Management Group Limited operates in the financial services industry, focusing on investment management. The company provides a range of investment solutions and services, catering to various market segments through its subsidiaries.

Average Trading Volume: 984,678

Technical Sentiment Signal: Buy

Current Market Cap: A$4.29B

Find detailed analytics on PNI stock on TipRanks’ Stock Analysis page.

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