Billion-dollar Investment Management Firm Increases Stake in … – Best Stocks

On April 6, 2023, it was reported that Baillie Gifford & Co., a prominent investment management firm, had increased its stake in Elastic NV by 21.9% during the fourth quarter of the previous year. According to its most recent Form 13F filing with the SEC, the fund now owns 5,910,271 shares of Elastic’s stock after acquiring an additional 1,062,538. Baillie Gifford & Co.’s stake is estimated to be worth around $304,379,000 as per the latest filing.

Elastic NV is a leading provider of open-source search and analytics engine services. The company provides Elastic Stack, a suite of software products that perform search analysis and visualization while ingesting and storing data from various sources and formats. The products involved in Elastic Stack are Elasticsearch; which serves as a distributed real-time search engine and data store for different types of data including textual, numerical geospatial structured and unstructured; Kibana; which provides user interface…

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source: https://news.oneseocompany.com/2023/04/06/billion-dollar-investment-management-firm-increases-stake-in-best-stocks_2023040643180.html

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