Alliancebernstein L.P. Has $2.25 Million Position in Apptio (APTI)

Alliancebernstein L.P. boosted its stake in Apptio (NASDAQ:APTI) by 509.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,700 shares of the technology company’s stock after acquiring an additional 80,000 shares during the period. Alliancebernstein L.P. owned 0.24% of Apptio worth $2,251,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in APTI. Thompson Davis & CO. Inc. boosted its holdings in shares of Apptio by 3,900.0% during the 4th quarter. Thompson Davis & CO. Inc. now owns 5,000 shares of the technology company’s stock worth $118,000 after buying an additional 4,875 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Apptio during the 3rd quarter worth approximately $230,000. Fox Run Management L.L.C. bought a new position in shares of Apptio during the 4th quarter worth approximately $323,000. American International Group Inc. boosted its holdings in shares of Apptio by 32.0% during the 4th quarter. American International Group Inc. now owns 15,713 shares of the technology company’s stock worth $370,000 after buying an additional 3,811 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. bought a new position in shares of Apptio during the 4th quarter worth approximately $400,000. Institutional investors and hedge funds own 54.27% of the company’s stock.

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Shares of NASDAQ:APTI opened at $28.04 on Friday. Apptio has a twelve month low of $11.01 and a twelve month high of $30.83. The company has a market cap of $1,218.79, a PE ratio of -43.81 and a beta of 0.04.

Apptio (NASDAQ:APTI) last issued its earnings results on Monday, February 5th. The technology company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. Apptio had a negative return on equity of 33.48% and a negative net margin of 13.59%. The company had revenue of $52.40 million for the quarter, compared to analyst estimates of $49.93 million. During the same period in the prior year, the firm earned ($0.11) earnings per share. Apptio’s revenue for the quarter was up 18.3% on a year-over-year basis. research analysts predict that Apptio will post -0.44 EPS for the current fiscal year.

In other news, insider Sachin Gupta sold 80,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $25.76, for a total transaction of $2,060,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John C. Morrow sold 13,125 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $24.66, for a total value of $323,662.50. The disclosure for this sale can be found here. Insiders have sold 572,409 shares of company stock worth $15,561,829 over the last ninety days. 43.20% of the stock is owned by insiders.

A number of equities analysts have issued reports on APTI shares. KeyCorp restated a “buy” rating and set a $27.00 price target on shares of Apptio in a report on Wednesday, January 10th. BidaskClub cut Apptio from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 18th. Jefferies Group restated a “buy” rating and set a $33.00 price target on shares of Apptio in a report on Tuesday, February 6th. Barclays increased their price target on Apptio from $22.00 to $28.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Finally, Zacks Investment Research upgraded Apptio from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Apptio presently has a consensus rating of “Buy” and a consensus target price of $30.00.

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Apptio Profile

Apptio, Inc provides cloud-based technology business management (TBM) solutions to enterprises. Its cloud-based platform and SaaS applications enable IT leaders to analyze, optimize, and plan technology investments, as well as to benchmark financial and operational performance against peers. The company's TBM solutions consist of adaptive data management, which aggregates, cleanses, and correlates large amounts of customer data from various sources; and standard IT operating model and taxonomy that offers a standard model for how IT costs are captured, categorized, and allocated to IT and business services.

Institutional Ownership by Quarter for Apptio (NASDAQ:APTI)

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