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Gentrack Group Ltd ( (AU:GTK) ) has shared an announcement.
Regal Partners Funds Management Pty Ltd has increased its substantial shareholding in New Zealand–listed Gentrack Group Ltd to 9.79% of the company’s ordinary shares, according to a disclosure filed with the NZX. The move, driven by normal on‑market trading activity across multiple Regal-managed funds, lifts Regal’s position from 8.44% previously and reflects a net acquisition of approximately 1.9 million Gentrack shares, signalling strengthened institutional backing and potentially greater influence over the utilities software provider’s shareholder register.
The most recent analyst rating on (AU:GTK) stock is a Buy with a A$10.00 price target. To see the full list of analyst forecasts on Gentrack Group Ltd stock, see the AU:GTK Stock Forecast page.
More about Gentrack Group Ltd
Average Trading Volume: 199,546
Technical Sentiment Signal: Hold
Current Market Cap: A$829.2M
Learn more about GTK stock on TipRanks’ Stock Analysis page.