Hanseatic Management Services Inc buys $11,155,050 stake in Apple (AAPL)

Apple (AAPL) : Hanseatic Management Services Inc scooped up 45,762 additional shares in Apple during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 120,309 shares of Apple which is valued at $11,155,050.Apple makes up approximately 4.08% of Hanseatic Management Services Inc’s portfolio.

Other Hedge Funds, Including , Hyman Charles D boosted its stake in AAPL in the latest quarter, The investment management firm added 10,222 additional shares and now holds a total of 57,612 shares of Apple which is valued at $5,341,785. Apple makes up approx 0.84% of Hyman Charles D’s portfolio.Boys Arnold Co Inc reduced its stake in AAPL by selling 141,839 shares or 72.36% in the most recent quarter. The Hedge Fund company now holds 54,184 shares of AAPL which is valued at $5,079,208. Apple makes up approx 2.00% of Boys Arnold Co Inc’s portfolio.Bender Robert Associates reduced its stake in AAPL by selling 4,891 shares or 3.11% in the most recent quarter. The Hedge Fund company now holds 152,329 shares of AAPL which is valued at $14,279,320. Apple makes up approx 9.93% of Bender Robert Associates’s portfolio.Transamerica Financial Advisors reduced its stake in AAPL by selling 11,594 shares or 13.32% in the most recent quarter. The Hedge Fund company now holds 75,460 shares of AAPL which is valued at $7,974,613. Apple makes up approx 0.67% of Transamerica Financial Advisors’s portfolio.Schneider Downs Wealth Management Advisors Lp reduced its stake in AAPL by selling 232 shares or 5.91% in the most recent quarter. The Hedge Fund company now holds 3,695 shares of AAPL which is valued at $390,488. Apple makes up approx 0.25% of Schneider Downs Wealth Management Advisors Lp’s portfolio.

Apple opened for trading at $93.33 and hit $93.57 on the upside on Tuesday, eventually ending the session at $93.42, with a gain of 0.68% or 0.63 points. The heightened volatility saw the trading volume jump to 3,36,86,836 shares. Company has a market cap of $511,701 M.

On the company’s financial health, Apple reported $1.90 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $2.00. The company had revenue of $50557.00 million for the quarter, compared to analysts expectations of $51984.35 million. The company’s revenue was down -12.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.33 EPS.

Many Wall Street Analysts have commented on Apple. Shares were Reiterated by Cowen on Apr 27, 2016 to “Outperform” and Lowered the Price Target to $ 125 from a previous price target of $135 .Shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Outperform” and Lowered the Price Target to $ 120 from a previous price target of $130 .Shares were Reiterated by Goldman on Apr 27, 2016 to “Buy” and Lowered the Price Target to $ 136 from a previous price target of $155 .

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. The Company also delivers digital content and applications through the iTunes Store App StoreSM iBookstoreSM and Mac App Store. The Company distributes its products worldwide through its retail stores online stores and direct sales force as well as through third-party cellular network carriers wholesalers retailers and value-added resellers. In February 2012 the Company acquired app-search engine Chomp.

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