Gotham Asset Management Adds $376M in Apple Inc. ($AAPL)
Gotham Asset Management boosted its Apple holdings by 83.9%, adding over 1.3 million shares.
Key Points
- Gotham Asset Management increased its Apple stake by 83.9%, adding 1,310,646 shares to reach a total of 2,873,250 shares valued at $836.3 million.
- Apple Inc. has a market cap of $4.28 trillion and a P/E ratio of 35.29, with its stock trading near $291.08 on NasdaqGS.
- Analysts maintain a 'buy' consensus for Apple with a mean target price of $312.72, reflecting strong institutional interest.
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Gotham Asset Management has significantly increased its stake in Apple Inc. (NasdaqGS: AAPL) according to its latest Form 13F filing with the SEC. The fund added 1,310,646 shares during the reporting period, boosting its holdings by 83.9% to a total of 2,873,250 shares. This position is valued at approximately $836.3 million.
What Changed in Gotham Asset Management's Apple Position
Gotham Asset Management's decision to increase its Apple holdings from 1,562,604 shares to 2,873,250 shares marks a substantial boost. The addition of 1,310,646 shares represents an 83.9% increase in its position, reflecting the fund's growing confidence in Apple, with the total value of the stake now around $836.3 million.
Other Institutional Activity in Apple
Other major institutional investors also made notable changes to their Apple holdings. BlackRock, Inc. reduced its position by 9,970,306 shares, ending with 1,144,695,425 shares worth about $290.5 billion. Vanguard Capital Management LLC added 953,847,648 shares, bringing its total to the same amount, valued at approximately $242.1 billion. State Street Corp trimmed its holdings by 1,715,096 shares to 602,341,409 shares, valued at $152.9 billion. Meanwhile, Geode Capital Management, LLC increased its position by 10,584,437 shares, holding 368,616,954 shares worth about $93.3 billion.
Apple Inc. Stock Down 10.2%
Shares of Apple Inc. (NasdaqGS: AAPL) are trading near $291.08. The company boasts a market capitalization of $4.28 trillion and a P/E ratio of 35.29. Apple has a 52-week low of $195.07 and a high of $317.40. The stock's 50-day moving average is $284.78, while the 200-day moving average is $266.56. Apple's current ratio stands at 1.07, with a quick ratio of 0.906 and a debt-to-equity ratio of 79.55.
$AAPL stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Apple reported revenue of $451.44 billion, with a revenue growth rate of 16.6%. The company achieved a net margin of 27.15% and a return on equity of 141.47%. Earnings per share stood at $8.25. The next earnings report is expected on April 30, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
10 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 1.1%. Revenue missed estimates by 0.6%.
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Profit surprise
EBITDA beat by 2 percent. Operating income beat by 3 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
10 target raises.
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Earnings quality
Gross margin up 2.2 points. Operating margin up 1.2 points. Positive free cash flow.
Earnings Call Summary
Apple delivered its best-ever quarter with 143.8 billion dollars in revenue, up 16 percent. iPhone surged 23 percent to 85.3 billion dollars driven by strong customer demand for the iPhone 17 lineup and record upgraders in China and India. Services hit an all-time record of 30 billion dollars, up 14 percent, while the installed base reached 2.5 billion active devices. Management highlighted Apple Intelligence features resonating with users and expanded retail presence in India as growth drivers.
Guidance Apple expects March quarter revenue to grow 13 percent to 16 percent year over year, with services growing at a similar rate to December. Gross margin should land between 48 percent to 49 percent. The company faces iPhone supply constraints from advanced chip demand but remains confident in the business outlook.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
Apple pays an annual dividend rate of $1.08, yielding 0.37% with a payout ratio of 12.59%.
Insider Buying and Selling at Apple Inc.
Recent insider activity at Apple includes sales by Arthur Levinson, who sold 65,000 shares on May 27, 2026, and 250,000 shares on May 6, 2026, among other transactions. Ben Borders, Principal Accounting Officer, sold 1,274 shares on May 8, 2026, under a planned sale. Kevan Parekh, Senior Vice President and CFO, sold 1,534 shares on April 23, 2026, also under a planned sale.
Analysts Set New Price Targets
On June 9, 2026, TD Cowen maintained a 'buy' rating on Apple with a price target of $350. Maxim Group also upheld a 'buy' rating with the same target. Rosenblatt maintained a 'hold' rating with a target of $276. Morgan Stanley kept its 'buy' rating, setting a target of $360. The consensus among analysts remains a 'buy', with a mean target price of $312.72 based on 43 opinions.
About Apple Inc.
Apple Inc., headquartered in Cupertino, California, is a leading technology company known for its innovative products like the iPhone, Mac, and iPad. It also offers wearables, accessories, and various services including Apple Music and Apple Pay. Under the leadership of CEO Timothy D. Cook, Apple employs about 166,000 people globally.
Bottom Line
Gotham Asset Management's increased stake in Apple highlights the fund's confidence in the tech giant. Investors keep a close watch on Apple's performance given its significant market presence and innovation pipeline. Remember, 13F filings are backward-looking and may not reflect current positions.
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