Allen Holding Inc. NY Has $218,000 Position in Apptio Inc. (APTI)
Allen Holding Inc. NY continued to hold its stake in Apptio Inc. (NASDAQ:APTI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,577 shares of the technology company’s stock at the end of the second quarter. Apptio comprises about 0.0% of Allen Holding Inc. NY’s holdings, making the stock its 9th largest position. Allen Holding Inc. NY’s holdings in Apptio were worth $218,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of APTI. Pax World Management LLC increased its stake in Apptio by 4.9% in the second quarter. Pax World Management LLC now owns 690,370 shares of the technology company’s stock valued at $11,978,000 after buying an additional 32,100 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Apptio by 73.4% in the second quarter. Bank of New York Mellon Corp now owns 47,342 shares of the technology company’s stock valued at $821,000 after buying an additional 20,040 shares in the last quarter. Rubric Capital Management LP bought a new stake in Apptio during the second quarter valued at about $10,363,000. Rhumbline Advisers bought a new stake in Apptio during the second quarter valued at about $336,000. Finally, Monarch Partners Asset Management LLC bought a new stake in Apptio during the second quarter valued at about $409,000. Hedge funds and other institutional investors own 45.25% of the company’s stock.
Shares of Apptio Inc. (NASDAQ APTI) opened at 17.48 on Tuesday. Apptio Inc. has a 12 month low of $10.77 and a 12 month high of $24.60. The stock’s market cap is $698.41 million. The company has a 50 day moving average price of $17.04 and a 200-day moving average price of $14.96.
Apptio (NASDAQ:APTI) last issued its earnings results on Wednesday, August 2nd. The technology company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. Apptio had a negative net margin of 17.36% and a negative return on equity of 41.76%. The company had revenue of $45.23 million for the quarter, compared to the consensus estimate of $43.72 million. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities research analysts predict that Apptio Inc. will post ($0.37) earnings per share for the current year.
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Several research firms have issued reports on APTI. Royal Bank Of Canada restated an “outperform” rating and set a $21.00 target price (up previously from $19.00) on shares of Apptio in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Apptio from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Tuesday, August 8th. Finally, Oppenheimer Holdings, Inc. began coverage on Apptio in a research report on Thursday, July 27th. They set an “outperform” rating and a $25.00 target price on the stock. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Apptio currently has a consensus rating of “Buy” and a consensus price target of $23.00.
Apptio Company Profile
Apptio, Inc is a provider of technology business management (TBM) solutions. The Company’s cloud-based platform and software as a service (SaaS) applications enable information technology (IT) leaders to analyze, optimize and plan technology investments, and benchmark the financial and operational performance against peers.
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