Resona Asset Management Co. Ltd. Has $20.20 Million Position in Snowflake Inc. $SNOW

Resona Asset Management Co. Ltd. lowered its stake in Snowflake Inc. (NYSE:SNOW) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 91,853 shares of the company’s stock after selling 3,159 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Snowflake were worth $20,196,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SNOW. HighTower Advisors LLC grew its holdings in Snowflake by 30.6% during the 4th quarter. HighTower Advisors LLC now owns 161,763 shares of the company’s stock worth $35,484,000 after acquiring an additional 37,891 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in Snowflake by 20.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,040 shares of the company’s stock worth $2,202,000 after acquiring an additional 1,699 shares during the period. WD Rutherford LLC grew its holdings in Snowflake by 21.8% during the 4th quarter. WD Rutherford LLC now owns 18,610 shares of the company’s stock worth $4,082,000 after acquiring an additional 3,330 shares during the period. Odyssey Capital Advisors Inc. acquired a new stake in Snowflake during the 4th quarter worth $244,000. Finally, TD Private Client Wealth LLC grew its holdings in Snowflake by 49.8% during the 4th quarter. TD Private Client Wealth LLC now owns 4,646 shares of the company’s stock worth $1,019,000 after acquiring an additional 1,545 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Bank of America raised its price target on Snowflake to $205 from $195, kept a Buy rating, and said enterprise demand remains strong with early traction in Snowflake’s AI workflow tools. Snowflake seen delivering strong quarter as Bank of America lifts price target
• Positive Sentiment: Citizens JMP reaffirmed its Market Outperform rating and set a much higher $325 price target, reinforcing Wall Street’s bullish view on Snowflake’s long-term upside. Read More
• Positive Sentiment: AVEVA announced a collaboration with Snowflake to accelerate industrial AI and unify IT/OT data, which could expand Snowflake’s reach in enterprise and industrial data workflows. AVEVA Announces Collaboration with Snowflake to Accelerate Industrial AI and Unify IT/OT Data Ecosystems
• Neutral Sentiment: Recent coverage continues to highlight Snowflake as a leading AI software name, with comparisons to other infrastructure plays keeping attention on the stock. Snowflake vs. DELL: Which AI Infrastructure Stock Has the Edge?
• Neutral Sentiment: Articles noting SNOW’s recent strength and broad AI-stock interest may be adding to momentum, but they do not add new company-specific fundamentals. Snowflake (SNOW) stock is up, what you need to know
• Negative Sentiment: Some investor commentary also points to mixed signals around AI infrastructure competition and large insider sales, which can temper enthusiasm even as analysts stay constructive. Snowflake Inc. ($SNOW) CEO 2026 Pay Revealed

Snowflake Price Performance

Shares of NYSE SNOW opened at $169.36 on Wednesday. The firm has a market cap of $58.55 billion, a PE ratio of -42.88 and a beta of 1.08. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $280.67. The company has a fifty day moving average price of $154.54 and a 200 day moving average price of $194.81.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 EPS. Research analysts predict that Snowflake Inc. will post -2.16 earnings per share for the current fiscal year.

Insider Activity

In other Snowflake news, SVP Vivek Raghunathan sold 3,876 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $152.80, for a total transaction of $592,252.80. Following the sale, the senior vice president directly owned 273,323 shares of the company’s stock, valued at $41,763,754.40. The trade was a 1.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 2,621 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $170.01, for a total transaction of $445,596.21. Following the sale, the executive vice president directly owned 533,494 shares in the company, valued at $90,699,314.94. This trade represents a 0.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 284,313 shares of company stock worth $46,617,373. 6.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SNOW has been the subject of a number of analyst reports. Scotiabank lowered their target price on shares of Snowflake from $290.00 to $205.00 and set a “sector outperform” rating for the company in a report on Thursday, February 26th. TD Cowen decreased their price target on shares of Snowflake from $270.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Evercore set a $200.00 price target on shares of Snowflake in a report on Tuesday, April 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price target on shares of Snowflake in a report on Monday, February 23rd. Finally, UBS Group decreased their price target on shares of Snowflake from $235.00 to $210.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $242.19.

Snowflake Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.