New York State Common Retirement Fund Takes $205,000 Position in Appian Corp (APPN)

New York State Common Retirement Fund acquired a new stake in Appian Corp (NASDAQ:APPN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,213 shares of the company’s stock, valued at approximately $205,000.

Several other large investors have also made changes to their positions in APPN. Neuberger Berman Group LLC purchased a new stake in shares of Appian in the second quarter valued at $292,000. Eagle Asset Management Inc. acquired a new position in Appian in the second quarter valued at $2,716,000. JPMorgan Chase & Co. acquired a new position in Appian in the second quarter valued at $8,303,000. Franklin Resources Inc. acquired a new position in Appian in the second quarter valued at $1,013,000. Finally, Wells Fargo & Company MN acquired a new position in Appian in the second quarter valued at $2,162,000. 11.61% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on APPN. BidaskClub upgraded Appian from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Investment Research upgraded Appian from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. William Blair began coverage on Appian in a report on Monday, November 27th. They issued an “outperform” rating on the stock. SunTrust Banks began coverage on Appian in a report on Tuesday, November 21st. They issued a “buy” rating and a $28.00 target price on the stock. Finally, Canaccord Genuity reiterated a “hold” rating on shares of Appian in a report on Monday, November 6th. Seven analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.00.

In related news, major shareholder Qualified Master Fund L. Abdiel acquired 17,473 shares of Appian stock in a transaction on Friday, December 15th. The shares were bought at an average price of $20.14 per share, for a total transaction of $351,906.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew W. Calkins sold 250,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $19.49, for a total value of $4,872,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 1,051,519 shares of company stock worth $21,602,934 and have sold 1,097,222 shares worth $21,384,857.

Appian Corp (NASDAQ APPN) opened at $39.68 on Monday. Appian Corp has a fifty-two week low of $14.60 and a fifty-two week high of $43.26.

ILLEGAL ACTIVITY WARNING: This news story was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & international trademark and copyright law. The original version of this news story can be viewed at https://www.com-unik.info/2018/01/08/new-york-state-common-retirement-fund-takes-205000-position-in-appian-corp-appn.html.

About Appian

Appian Corporation provides a low-code software development platform as a service that enables organizations to develop applications. Through Company’s platform, organizations can design, build and implement, enterprise-grade custom applications. Decision makers can reimagine their products, services, processes and customer interactions.

Want to see what other hedge funds are holding APPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Appian Corp (NASDAQ:APPN).

Institutional Ownership by Quarter for Appian (NASDAQ:APPN)

What are top analysts saying about Appian? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Appian and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit