Is Apptio Inc (APTI) Worthy of Your Portfolio?

Page 2 of 2

Let’s check out hedge fund activity in other stocks similar to Apptio Inc (NASDAQ:APTI). We will take a look at Meridian Bioscience, Inc. (NASDAQ:VIVO), Blueprint Medicines Corp (NASDAQ:BPMC), Getty Realty Corp. (NYSE:GTY), and Avianca Holdings SA (ADR) (NYSE:AVH). This group of stocks’ market caps are similar to APTI’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
VIVO 16 61352 -3
BPMC 16 195024 4
GTY 9 37335 1
AVH 5 2377 5

As you can see these stocks had an average of 12 funds with bullish positions and the average amount invested in these stocks was $74 million. That figure was $11 million in APTI’s case. Meridian Bioscience, Inc. (NASDAQ:VIVO) and Blueprint Medicines Corp (NASDAQ:BPMC) are the most popular stocks in this table. On the other hand Avianca Holdings SA (ADR) (NYSE:AVH) is the least popular one with only five funds holding shares. Apptio Inc (NASDAQ:APTI) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard, VIVO might be a better candidate to consider taking a long position in.

Disclosure: none

Page 2 of 2