California State Teachers Retirement System 13F: Cuts ACN Stake by $3.8M
The California State Teachers Retirement System has trimmed its position in Accenture, reflecting a strategic adjustment in its portfolio.
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California State Teachers Retirement System sold 30,771 shares from its stake in Accenture plc ($ACN), a 3.19% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 934,548 shares worth $114.89 million at the end of the quarter.
Since the filing, $ACN is down 0.3% after 1 week, down 12.1% after 1 month and up 32.0% to date (from the $174.04 close on May 18, 2026).
Find the original: California State Teachers Retirement System 13F filings on SEC EDGAR
ACN
Accenture plc
Key Points
- The California State Teachers Retirement System reduced its stake in Accenture (ACN) by 30,771 shares, bringing its total to 934,548 shares valued at approximately $114.9 million as of May 18, 2026.
- Accenture's stock was trading at $122.94 on the day this news was published, significantly lower than its 52-week high of $291.09, indicating a challenging market environment for the company.
- Analysts maintain a positive outlook on Accenture, with a consensus rating of 'buy' and a mean price target of $224.95, suggesting potential for recovery.
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California State Teachers Retirement System Adjusts Accenture Stake
The California State Teachers Retirement System trimmed its position in Accenture plc (ACN) on May 18, 2026, reducing its holdings by 30,771 shares. This brings its total shares to 934,548, valued at around $114.9 million based on the stock price of $122.94 at the time of publication.
A Strategic Reduction in Holdings
The California State Teachers Retirement System's recent filing shows a 3.2% decrease in its Accenture stake. The fund previously held 965,319 shares before this adjustment, reflecting a strategic decision rather than a complete exit from its investment in the technology consulting firm.
Institutional Activity
No other funds reported changes in their positions in Accenture during this filing period, indicating a focus on maintaining existing stakes among other institutional investors.
How Accenture plc Stock Has Traded
Accenture's shares have faced pressure, currently trading well below their 52-week high of $291.09. This decline suggests that the stock is navigating a tough market, with current trading levels significantly lower than earlier peaks. The recent adjustment by the California State Teachers Retirement System may reflect broader caution among investors as the company adapts to market conditions.
Analysts Set New Price Targets
On October 15, 2026, TD Cowen maintained a 'Hold' rating on Accenture with a price target of $201. Susquehanna also maintained a 'Neutral' rating with a target of $230. Mizuho rated the stock as 'Outperform' with a target of $241. Other firms, including Goldman Sachs and Truist Securities, also reaffirmed their ratings, with targets ranging from $220 to $260. The overall analyst consensus remains positive, with a mean price target of $224.95 based on 24 opinions.
What Accenture plc Does
Accenture plc offers consulting and technology services across various sectors, including financial services, healthcare, and consumer goods. The company's strategic partnerships with tech giants like Amazon and Microsoft enhance its service offerings, which is crucial for its competitive position in the market.
What's Ahead for Accenture plc
Investors will be watching for Accenture's next earnings report scheduled for December 17, 2026. The recent 13F filing reflects the fund's holdings as of the reporting period and may not represent its current position. As the market evolves, further adjustments from institutional investors like the California State Teachers Retirement System may provide insights into broader investment strategies in the tech sector.
Related Filing Alerts
Source: California State Teachers Retirement System's 13F filing on $ACN (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: California State Teachers Retirement System 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts