American Capital Management Buys New Stake in Apple
American Capital Management Inc., a financial institution, has acquired a new stake in Apple Inc. (NASDAQ:AAPL) worth approximately $810,000, according to its most recent disclosure with the Securities and Exchange Commission.
This purchase includes 2,800 shares of Apple's stock, marking American Capital Management's entry into the company's portfolio.
In addition to American Capital Management, several other institutional investors have also made significant changes to their holdings in Apple during the second quarter. Ascentis Wealth Management LLC boosted its holdings in Apple by 822.7% and now owns 292,493 shares of the iPhone maker's stock worth $85,000.
Analysts have also been revising their price targets for Apple, with Wedbush reaffirming an 'outperform' rating and issuing a $400.00 price objective on shares of Apple in a research report.