Chicago Equity Partners LLC Increases Holdings in AppFolio, Inc. (APPF)

Chicago Equity Partners LLC boosted its position in AppFolio, Inc. (NASDAQ:APPF) by 45.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,190 shares of the software maker’s stock after purchasing an additional 16,205 shares during the period. Chicago Equity Partners LLC owned about 0.15% of AppFolio worth $2,503,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Sei Investments Co. lifted its position in shares of AppFolio by 50,928.6% during the 2nd quarter. Sei Investments Co. now owns 3,572 shares of the software maker’s stock valued at $117,000 after buying an additional 3,565 shares in the last quarter. American International Group Inc. lifted its position in shares of AppFolio by 7.2% during the 1st quarter. American International Group Inc. now owns 4,683 shares of the software maker’s stock valued at $127,000 after buying an additional 314 shares in the last quarter. UBS Group AG lifted its position in shares of AppFolio by 232.9% during the 1st quarter. UBS Group AG now owns 5,187 shares of the software maker’s stock valued at $142,000 after buying an additional 3,629 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of AppFolio during the 2nd quarter valued at about $178,000. Finally, Parametric Portfolio Associates LLC purchased a new position in shares of AppFolio during the 2nd quarter valued at about $214,000. 21.27% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Jonathan Walker sold 30,000 shares of AppFolio stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $44.58, for a total transaction of $1,337,400.00. Following the sale, the insider now owns 1,554,025 shares of the company’s stock, valued at approximately $69,278,434.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 44.77% of the stock is currently owned by company insiders.

APPF has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on AppFolio to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, July 20th. Zacks Investment Research downgraded AppFolio from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. BidaskClub downgraded AppFolio from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Credit Suisse Group reissued a “neutral” rating and set a $35.00 target price (up previously from $27.00) on shares of AppFolio in a research note on Tuesday, August 8th. Finally, KeyCorp reissued a “buy” rating on shares of AppFolio in a research note on Friday, August 11th. Four analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. AppFolio presently has an average rating of “Buy” and an average price target of $40.33.

Shares of AppFolio, Inc. (NASDAQ:APPF) opened at $41.90 on Friday. The stock has a market capitalization of $1,422.34, a P/E ratio of 261.88 and a beta of 0.70. AppFolio, Inc. has a 12 month low of $19.65 and a 12 month high of $52.25.

AppFolio (NASDAQ:APPF) last issued its earnings results on Monday, November 6th. The software maker reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. The company had revenue of $37.90 million for the quarter, compared to the consensus estimate of $36.16 million. AppFolio had a return on equity of 7.91% and a net margin of 4.37%. The business’s revenue for the quarter was up 34.6% compared to the same quarter last year. equities analysts anticipate that AppFolio, Inc. will post 0.23 earnings per share for the current year.

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AppFolio Profile

AppFolio, Inc is a provider of industry-specific, cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. The Company’s mobile-optimized software solutions enable its customers to work at any time and from anywhere across multiple devices.

Institutional Ownership by Quarter for AppFolio (NASDAQ:APPF)

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