AppFolio Inc (APPF) Position Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in AppFolio Inc (NASDAQ:APPF) by 24.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 268,322 shares of the software maker’s stock after purchasing an additional 52,387 shares during the period. Dimensional Fund Advisors LP’s holdings in AppFolio were worth $15,889,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in shares of AppFolio in the 3rd quarter valued at $227,000. Advisor Group Inc. boosted its position in shares of AppFolio by 50.6% in the 4th quarter. Advisor Group Inc. now owns 3,350 shares of the software maker’s stock valued at $199,000 after purchasing an additional 1,125 shares during the period. Victory Capital Management Inc. boosted its position in shares of AppFolio by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 4,112 shares of the software maker’s stock valued at $244,000 after purchasing an additional 162 shares during the period. First Quadrant L P CA boosted its position in shares of AppFolio by 95.3% in the 4th quarter. First Quadrant L P CA now owns 4,739 shares of the software maker’s stock valued at $281,000 after purchasing an additional 2,312 shares during the period. Finally, Ingalls & Snyder LLC boosted its position in shares of AppFolio by 87.0% in the 4th quarter. Ingalls & Snyder LLC now owns 6,252 shares of the software maker’s stock valued at $370,000 after purchasing an additional 2,909 shares during the period. Institutional investors and hedge funds own 30.87% of the company’s stock.

In other AppFolio news, CTO Jonathan Walker sold 30,000 shares of the firm’s stock in a transaction dated Thursday, January 24th. The stock was sold at an average price of $61.81, for a total transaction of $1,854,300.00. Following the completion of the sale, the chief technology officer now directly owns 30,000 shares in the company, valued at approximately $1,854,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ida Kathleen Kane sold 5,000 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $81.70, for a total value of $408,500.00. Following the sale, the chief financial officer now owns 5,000 shares of the company’s stock, valued at $408,500. The disclosure for this sale can be found here. Company insiders own 42.46% of the company’s stock.

A number of research firms recently weighed in on APPF. DA Davidson increased their price target on AppFolio to $73.00 and gave the company a “neutral” rating in a research report on Tuesday. Zacks Investment Research upgraded AppFolio from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Monday, December 31st. BidaskClub upgraded AppFolio from a “hold” rating to a “buy” rating in a research report on Monday, February 25th. Morgan Stanley increased their price target on AppFolio from $56.00 to $61.00 and gave the company an “underweight” rating in a research report on Monday, March 4th. Finally, TheStreet upgraded AppFolio from a “c+” rating to a “b-” rating in a research report on Monday, February 11th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $66.33.

Shares of NASDAQ APPF opened at $87.50 on Wednesday. AppFolio Inc has a one year low of $44.90 and a one year high of $91.49. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 151.84, a price-to-earnings-growth ratio of 6.19 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.83 and a quick ratio of 3.83.

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AppFolio Profile

AppFolio, Inc provides industry-specific cloud-based software solutions for small and medium-sized businesses in the property management and legal industries. It offers AppFolio Property Manager, a cloud-based software solution for the real estate market that provides property managers of various sizes and tools and services designed to streamline their property management businesses, such as posting and tracking vacancies, leasing vacant properties, and accounting, as well as facilitating tenant, owner, and vendor communications.

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Institutional Ownership by Quarter for AppFolio (NASDAQ:APPF)

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