400,000 Shares in Apex Technology Acquisition Co. $APXT Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Apex Technology Acquisition Co. (NASDAQ:APXT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 400,000 shares of the company’s stock, valued at approximately $3,956,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.90% of Apex Technology Acquisition at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gritstone Asset Management LLC purchased a new stake in Apex Technology Acquisition during the 4th quarter worth about $494,000. Wolverine Asset Management LLC purchased a new stake in Apex Technology Acquisition during the 4th quarter worth about $11,246,000. Finally, HighTower Advisors LLC purchased a new stake in Apex Technology Acquisition during the 4th quarter worth about $11,272,000. Hedge funds and other institutional investors own 6.01% of the company’s stock.

Apex Technology Acquisition Stock Performance

APXT opened at $10.05 on Thursday. The business has a 50-day moving average of $9.99 and a two-hundred day moving average of $9.99. Apex Technology Acquisition Co. has a 12 month low of $9.87 and a 12 month high of $10.06.

Apex Technology Acquisition (NASDAQ:APXT) last posted its quarterly earnings results on Thursday, March 26th. The company reported $0.09 EPS for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on Apex Technology Acquisition in a research report on Tuesday, May 26th. They set a “sell (e+)” rating for the company. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Apex Technology Acquisition currently has an average rating of “Sell”.

Apex Technology Acquisition Profile

Apex Technology Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.