Highland Capital Management LLC raised its stake in Apple Inc. (NASDAQ:AAPL) by 26.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 293,817 shares of the iPhone maker’s stock after buying an additional 61,540 shares during the period. Apple accounts for approximately 2.4% of Highland Capital Management LLC’s investment portfolio, making the stock its 3rd largest position. Highland Capital Management LLC’s holdings in Apple were worth $28,089,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in AAPL. Boston Standard Wealth Management LLC boosted its position in Apple by 0.6% in the second quarter. Boston Standard Wealth Management LLC now owns 2,280 shares of the iPhone maker’s stock valued at $218,000 after buying an additional 14 shares in the last quarter. Capital Insight Partners LLC boosted its position in Apple by 0.6% in the second quarter. Capital Insight Partners LLC now owns 4,498 shares of the iPhone maker’s stock valued at $430,000 after buying an additional 25 shares in the last quarter. Hartford Financial Management Inc. boosted its position in Apple by 0.3% in the second quarter. Hartford Financial Management Inc. now owns 10,491 shares of the iPhone maker’s stock valued at $1,002,000 after buying an additional 28 shares in the last quarter. Parasol Investment Management LLC boosted its position in Apple by 0.7% in the first quarter. Parasol Investment Management LLC now owns 4,184 shares of the iPhone maker’s stock valued at $456,000 after buying an additional 30 shares in the last quarter. Finally, CWH Capital Management Inc. boosted its position in Apple by 0.5% in the first quarter. CWH Capital Management Inc. now owns 6,483 shares of the iPhone maker’s stock valued at $707,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 56.46% of the company’s stock.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Shares of Apple Inc. (NASDAQ:AAPL) traded up 1.74% on Monday, hitting $116.05. 36,235,956 shares of the stock traded hands. Apple Inc. has a 52 week low of $89.47 and a 52 week high of $123.82. The firm has a market capitalization of $625.33 billion, a PE ratio of 13.53 and a beta of 1.22. The firm’s 50 day moving average is $110.55 and its 200 day moving average is $103.27.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 EPS for the quarter, topping the consensus estimate of $1.38 by $0.04. Apple had a net margin of 21.70% and a return on equity of 37.89%. The company earned $42.36 billion during the quarter, compared to analysts’ expectations of $42.35 billion. During the same quarter in the previous year, the company earned $1.85 EPS. Apple’s revenue was down 14.6% on a year-over-year basis. On average, analysts expect that Apple Inc. will post $8.26 EPS for the current fiscal year.

A number of brokerages have recently commented on AAPL. Vetr upgraded Apple and set a $100.00 target price for the company in a report on Thursday, July 14th. Morgan Stanley reiterated a “buy” rating on shares of Apple in a report on Tuesday, June 14th. Drexel Hamilton reiterated a “buy” rating on shares of Apple in a report on Tuesday, June 14th. Bank of America Corp. reiterated a “buy” rating and issued a $120.00 target price on shares of Apple in a report on Tuesday, June 14th. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $124.00 target price on shares of Apple in a report on Tuesday, June 14th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, forty-one have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $126.13.

In other news, SVP Angela J. Ahrendts sold 35,797 shares of Apple stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $100.00, for a total transaction of $3,579,700.00. Following the completion of the sale, the senior vice president now owns 105,839 shares in the company, valued at approximately $10,583,900. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Angela J. Ahrendts sold 25,000 shares of Apple stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $100.00, for a total transaction of $2,500,000.00. Following the sale, the senior vice president now owns 105,839 shares of the company’s stock, valued at approximately $10,583,900. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

Apple Company Profile

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

5 Day Chart for NASDAQ:AAPL

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