Intech Investment Management LLC Purchases Shares of 43,449 Thoughtworks Holding, Inc. (NASDAQ:TWKS)

Intech Investment Management LLC acquired a new position in Thoughtworks Holding, Inc. (NASDAQ:TWKS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 43,449 shares of the company’s stock, valued at approximately $192,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Thoughtworks by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 11,446,418 shares of the company’s stock worth $28,959,000 after acquiring an additional 112,782 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Thoughtworks by 0.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,017,364 shares of the company’s stock valued at $28,449,000 after purchasing an additional 59,037 shares during the period. SG Americas Securities LLC lifted its stake in shares of Thoughtworks by 13,157.3% during the 3rd quarter. SG Americas Securities LLC now owns 3,319,896 shares of the company’s stock valued at $14,674,000 after buying an additional 3,294,854 shares in the last quarter. Alpine Associates Management Inc. purchased a new position in shares of Thoughtworks during the 3rd quarter valued at $8,598,000. Finally, 272 Capital LP increased its stake in Thoughtworks by 29.4% in the 2nd quarter. 272 Capital LP now owns 1,423,569 shares of the company’s stock worth $4,043,000 after buying an additional 323,751 shares in the last quarter. 32.81% of the stock is owned by hedge funds and other institutional investors.

Thoughtworks Price Performance

Shares of Thoughtworks stock opened at $4.47 on Friday. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.39. Thoughtworks Holding, Inc. has a 52 week low of $2.19 and a 52 week high of $5.20. The stock’s 50-day simple moving average is $4.45 and its 200-day simple moving average is $3.84. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -14.90 and a beta of 1.13.

Thoughtworks Company Profile

Thoughtworks Holding, Inc provides technology consultancy services in North America, the Asia Pacific, Europe, and Latin America. The company’s consultancy services integrate strategy, design, and software engineering to enable enterprises and technology disruptors to thrive as modern digital businesses.