Apptio’s (APTI) “Buy” Rating Reaffirmed at KeyCorp

KeyCorp restated their buy rating on shares of Apptio Inc. (NASDAQ:APTI) in a research note issued to investors on Friday, October 6th. They currently have a $22.00 target price on the technology company’s stock.

Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded Apptio from a sell rating to a hold rating in a report on Wednesday, July 5th. Royal Bank Of Canada restated an outperform rating and set a $21.00 price objective (up from $19.00) on shares of Apptio in a report on Wednesday, August 9th. Finally, Oppenheimer Holdings, Inc. initiated 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 five have issued a buy rating to the company’s stock. Apptio currently has a consensus rating of Buy and an average price target of $22.29.

Apptio (APTI) opened at 18.83 on Friday. The firm’s market cap is $752.35 million. Apptio has a 52 week low of $10.77 and a 52 week high of $21.19. The firm’s 50-day moving average price is $18.10 and its 200 day moving average price is $18.10.

Apptio (NASDAQ:APTI) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.04. Apptio had a negative return on equity of 41.76% and a negative net margin of 17.36%. The firm had revenue of $45.23 million for the quarter, compared to the consensus estimate of $43.72 million. Apptio’s revenue was up 16.6% on a year-over-year basis. Equities analysts forecast that Apptio will post ($0.37) earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Apptio’s (APTI) “Buy” Rating Reaffirmed at KeyCorp” was first reported by BBNS and is the property of of BBNS. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://baseballnewssource.com/markets/keycorp-reiterates-buy-rating-for-apptio-inc-apti/1703320.html.

Several institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC acquired a new stake in Apptio in the 4th quarter worth about $292,000. Wells Fargo & Company MN boosted its holdings in Apptio by 322.6% in the 1st quarter. Wells Fargo & Company MN now owns 11,004 shares of the technology company’s stock worth $129,000 after buying an additional 8,400 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Apptio by 109.4% in the 1st quarter. Bank of New York Mellon Corp now owns 27,302 shares of the technology company’s stock worth $320,000 after buying an additional 14,261 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Apptio by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 63,283 shares of the technology company’s stock worth $742,000 after purchasing an additional 6,144 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Apptio by 584.3% during the 1st quarter. JPMorgan Chase & Co. now owns 59,661 shares of the technology company’s stock worth $700,000 after purchasing an additional 50,943 shares during the last quarter. Hedge funds and other institutional investors own 45.25% of the company’s stock.

About Apptio

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.

Analyst Recommendations for Apptio (NASDAQ:APTI)

Receive News & Ratings for Apptio Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apptio Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Alex Cora Becomes New Manager for Boston Red Sox
Alex Cora Becomes New Manager for Boston Red Sox
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends


Leave a Reply

 
© 2006-2017 BBNS.