Apigee Corp (APIC) : Herald Investment Management Ltd added new position in Apigee Corp during the most recent quarter end. The investment management firm now holds 233,920 shares of Apigee Corp which is valued at $2.5 Million , the company said in a statement filed on May 25, 2016 with the SEC.Apigee Corp makes up approximately 1.04% of Herald Investment Management Ltd’s portfolio.
Other Hedge Funds, Including , Putnam Investments boosted its stake in APIC in the latest quarter, The investment management firm added 945 additional shares and now holds a total of 153,505 shares of Apigee Corp which is valued at $1.6 Million. Next Century Growth Investors added APIC to its portfolio by purchasing 224,390 company shares during the most recent quarter which is valued at $2.3 Million. Apigee Corp makes up approx 0.11% of Next Century Growth Investors’s portfolio. Group One Trading added APIC to its portfolio by purchasing 500 company shares during the most recent quarter which is valued at $5,220.Menta Capital reduced its stake in APIC by selling 13,929 shares or 53.69% in the most recent quarter. The Hedge Fund company now holds 12,012 shares of APIC which is valued at $125,405. Apigee Corp makes up approx 0.02% of Menta Capital’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in APIC by selling 237,075 shares or 31.29% in the most recent quarter. The Hedge Fund company now holds 520,693 shares of APIC which is valued at $5.4 Million.
Apigee Corp opened for trading at $10.87 and hit $11.48 on the upside on Wednesday, eventually ending the session at $11.47, with a gain of 5.91% or 0.64 points. The heightened volatility saw the trading volume jump to 1,46,172 shares. Company has a market cap of $343 M.
On the company’s financial health, Apigee Corp reported $-0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 25, 2016. Analyst had a consensus of $-0.27. The company had revenue of $23.50 million for the quarter, compared to analysts expectations of $23.01 million. The company’s revenue was up 35.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.41 EPS.
Apigee Corporation (Apigee) is a provider of an application program interface (API)-based software platform that enables digital connectivity and business insights. The Company’s platform allows businesses to design deploy and scale APIs as a connection layer between its information technology (IT) systems and data and the applications with which its customers partners employees and other users engage with its business. The Company’s platform consists of following products: Apigee Edge Apigee Insights Apigee Developer and Apigee Link. Its Apigee Edge provides a solution that addresses the entire digital value chain by eliminating the need to integrate disparate point solutions. Its Apigee Insights delivers predictive analytics. The Apigee Developer consists of Apigee Edge Trial and two open source products such as Apigee 127 and Apigee Zetta. Apigee Link is the Company’s Internet of things (IoT) platform for connecting devices to the Internet.