Why Has Snowflake (NYSE:SNOW) Caught the Attention of Institutional Investors?

February 05, 2025 02:48 AM AEDT | By Team Kalkine Media

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Institutional investors have shown increased activity in Snowflake Inc. (NYSE:SNOW) during recent quarters.

Several asset management firms have either acquired new positions or expanded their existing holdings.

Snowflake's presence in the cloud-based data storage sector continues to attract financial institutions.

Institutional Activity in Snowflake

Recent filings with the Securities and Exchange Commission indicate that multiple institutional investors have increased their exposure to Snowflake. Stephens Consulting LLC reported a substantial rise in its holdings, acquiring additional shares and raising its total stake. At the end of the most recent quarter, its holdings were valued at over $313,000.

New Investments in Snowflake

Other large asset management firms have also taken an interest in Snowflake. Groupama Asset Management recently initiated a new position in the company. Additionally, V Square Quantitative Management LLC and Fortitude Family Office LLC added Snowflake shares to their portfolios. Union Bancaire Privee UBP SA also joined the list of institutions acquiring positions in the company during the past quarter.

Expanding Holdings by Existing Investors

Some firms have not only maintained but increased their Snowflake holdings. Perkins Coie Trust Co nearly doubled its position, purchasing additional shares. This increase highlights the continued attention the company is receiving from institutional investors.

Snowflake's Position in Cloud Data Services

Snowflake operates within the cloud-based data storage and analytics sector, providing scalable solutions for businesses. The company's offerings focus on enhancing data management efficiency, security, and accessibility. As demand for cloud computing continues to grow, institutional interest in companies within this sector has remained active.

Overall Institutional Interest

Institutional investors, including hedge funds, collectively hold a significant percentage of Snowflake shares. Their continued involvement underscores the company's presence within the cloud technology landscape. (NYSE:SNOW)

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