AppFolio, Inc. (NASDAQ:APPF) Stock Position Decreased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in shares of AppFolio, Inc. (NASDAQ:APPF – Get Rating) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,364 shares of the software maker’s stock after selling 8,788 shares during the quarter. Dimensional Fund Advisors LP’s holdings in AppFolio were worth $20,879,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. US Bancorp DE boosted its position in shares of AppFolio by 206.7% in the second quarter. US Bancorp DE now owns 322 shares of the software maker’s stock worth $29,000 after buying an additional 217 shares during the period. Federated Hermes Inc. acquired a new stake in shares of AppFolio in the first quarter worth $39,000. Tower Research Capital LLC TRC raised its holdings in shares of AppFolio by 43.1% during the third quarter. Tower Research Capital LLC TRC now owns 710 shares of the software maker’s stock worth $74,000 after acquiring an additional 214 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of AppFolio by 115.2% during the second quarter. Nisa Investment Advisors LLC now owns 822 shares of the software maker’s stock worth $75,000 after acquiring an additional 440 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of AppFolio during the first quarter worth $167,000. 64.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on APPF shares. KeyCorp increased their price objective on AppFolio from $131.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, January 27th. DA Davidson raised their target price on AppFolio from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, January 24th. Finally, StockNews.com lowered AppFolio from a “hold” rating to a “sell” rating in a report on Saturday, November 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, AppFolio currently has an average rating of “Hold” and an average price target of $123.67.

AppFolio Stock Up 1.3 %

APPF stock opened at $131.23 on Tuesday. AppFolio, Inc. has a twelve month low of $79.92 and a twelve month high of $135.81. The company has a market cap of $4.65 billion, a PE ratio of -67.30 and a beta of 0.98. The business’s 50-day simple moving average is $119.18 and its 200 day simple moving average is $112.20.

AppFolio (NASDAQ:APPF – Get Rating) last released its quarterly earnings data on Thursday, January 26th. The software maker reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.23). The company had revenue of $124.06 million for the quarter, compared to analyst estimates of $117.00 million. AppFolio had a negative net margin of 14.44% and a negative return on equity of 24.97%. On average, equities research analysts anticipate that AppFolio, Inc. will post -1.48 EPS for the current year.

About AppFolio

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AppFolio, Inc, provides industry-specific cloud-based business software solutions, services, and data analytics for the real estate industry. The firm offers AppFolio Property Manager, a property management solution designed to address the operational and business requirements of property management companies and their business ecosystems and AppFolio Investment Management, a cloud-based software solution for real estate investment managers of various sizes that provides tools and services designed to streamline their real estate investment management businesses.