Cullen Capital Puts Bets on Apple

Cullen Capital Management LLC has purchased 2,640 shares of Apple Inc. (NASDAQ:AAPL) worth approximately $764,000 in its most recent 13F filing with the Securities and Exchange Commission.

This is not an isolated instance as several other institutional investors and hedge funds have also recently bought or sold shares of the company, including Deutsche Bank AG, Mitsubishi UFJ Asset Management Co. Ltd., Diamant Asset Management Inc., Amundi, and Danske Bank A S.

Apple's stock has been gaining momentum in recent times, with a 10% increase over the past month, and is approaching a potential buy point. Analysts such as Evercore ISI have raised their price target to $380 from $365 while maintaining an outperform rating.