Intech Investment Management Reduces $24M in Apple Inc. ($AAPL)
Intech Investment Management trimmed its Apple Inc. holdings by 4.9% in its latest 13F filing.
Key Points
- Intech Investment trimmed its Apple Inc. position by 82,099 shares, resulting in a 4.9% reduction to 1,590,222 shares worth $462.9 million.
- Apple shares recently traded at $291.08, with a market cap of approximately $4.28 trillion and a P/E ratio of 35.2.
- Several insiders at Apple sold shares recently, including Arthur Levinson selling 250,000 shares at an average price of $284.76.
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Intech Investment Management has trimmed its holdings in Apple Inc. (NasdaqGS: AAPL), according to its latest Form 13F filing with the SEC, reflecting positions as of the end of the reporting period. The firm reduced its stake by 82,099 shares, a 4.9% decrease, leaving it with 1,590,222 shares valued at approximately $462.9 million.
What Changed in Intech Investment's Apple Inc. Position
Intech Investment reduced its Apple Inc. holdings by 4.9%, selling 82,099 shares. The firm's stake now stands at 1,590,222 shares, down from 1,672,321 shares previously. This move brought the value of its Apple holdings to about $462.9 million.
Other Institutional Activity in Apple Inc.
BlackRock, Inc. trimmed its Apple position by 9,970,306 shares, leaving it with 1,144,695,425 shares valued at about $290.5 billion. Geode Capital Management, LLC, on the other hand, increased its stake by 10,584,437 shares, reaching 368,616,954 shares worth approximately $93.3 billion. Meanwhile, State Street Corp reduced its position by 1,715,096 shares, holding 602,341,409 shares valued at $152.9 billion.
Apple Inc. Stock Down 10.2%
Shares of Apple Inc. recently traded around $291.08. The company boasts a market capitalization of approximately $4.28 trillion. It has a P/E ratio of 35.2 and a forward P/E of 30.3. Apple's stock has seen a 52-week range from $195.07 to $317.40, with a 50-day moving average of $285.49 and a 200-day moving average of $266.87. The company has a current ratio of 1.07 and a debt-to-equity ratio of 79.55.
$AAPL stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
For the recent quarter, Apple reported revenues of $451.4 billion, showing a growth of 16.6%. The company's net margin was 27.2%, and its return on equity was 141.5%. 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 Inc. offers an annual dividend rate of $1.08, yielding 0.37%. The dividend payout ratio is 12.6%.
Insider Buying and Selling at Apple Inc.
Arthur Levinson sold 250,000 shares on May 6, 2026, at an average price of $284.76. On May 27, Levinson also sold 50,000 shares at $311.02. Additionally, Ben Borders, Principal Accounting Officer, sold 1,274 shares at $290.00 on May 8, under a pre-planned transaction.
Analysts Set New Price Targets
On June 9, 2026, TD Cowen maintained its "buy" rating on Apple with a price target of $350. Maxim Group also maintained a "buy" rating with the same target. Morgan Stanley followed suit, 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 that designs and manufactures consumer electronics, including the iPhone, Mac computers, and iPad tablets. Under the leadership of CEO Timothy Cook, Apple also offers services like the App Store, Apple Music, and Apple Pay. The company employs approximately 166,000 people worldwide and is a major player in the technology sector.
Bottom Line
Intech Investment Management's recent reduction in its Apple Inc. stake is part of its latest 13F filing, which provides a snapshot of its holdings as of the end of the reporting period. Investors closely watch these filings to gauge fund sentiment and strategic shifts. While the 13F reflects past positions, it remains a valuable insight into institutional investment trends.
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