Will Vertex Pharmaceuticals’s Top Institutional Shareholders Cash In On These Upgrades?

Vertex Pharmaceuticals (NASDAQ:VRTX): A good morning for Vertex, which received bullish upgrades from Canaccord (Buy, up from Hold) and Goldman Sachs (Neutral, up from Sell). Deutsche Bank also raised its price target on the company from $75 to $100, citing that it believes the company can post earnings per share of $15 in 2015. Vertex shares are surging on the news.

These institutional firms indicated owning shares of Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) in Q1 2013. They reported owning a total of 46.681 million shares on 03/31/2013. The shares closed at $54.97 on 03/31/2013.

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Here are the eight largest positions in Vertex Pharmaceuticals Incorporated at the end of March 31st, 2013.

Vanguard Group Inc. held 10,866,696 shares on 03/31/2013 worth $597,342,292. This brought the portfolio total to 0.07%.

Blackrock Fund Advisors held 6,992,907 shares on 03/31/2013 worth $384,400,106. This brought the portfolio total to 0.15%.

Blackrock Institutional Trust Company N.A. held 5,736,669 shares on 03/31/2013 worth $315,344,702. This brought the portfolio total to 0.06%.

Bank of New York Mellon Corp. held 2,852,720 shares on 03/31/2013 worth $156,814,022. This brought the portfolio total to 0.05%.

Welch & Forbes LLC held 1,575,000 shares on 03/31/2013 worth $1,887,000. This brought the portfolio total to 0.07%.

Blackrock Group Ltd held 1,326,106 shares on 03/31/2013 worth $72,896,048. This brought the portfolio total to 0.05%.

Blackrock Advisors LLC held 704,002 shares on 03/31/2013 worth $38,698,991. This brought the portfolio total to 0.04%.

Blackrock Investment Management LLC held 604,235 shares on 03/31/2013 worth $33,214,799. This brought the portfolio total to 0.06%.

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