Nomura Downgrades Apptio Inc. (NASDAQ:APTI) From Buy To Neutral With Target Price Of $ 38.00

Apptio Inc. (NASDAQ:APTI) downgraded by Nomura to Neutral from Buy rating. The research firm cuts target price to $ 38.00 down from previous mark of $ 39.00.

According to the previous trading day, closing price of APTI was $ 37.70, representing a 74.46 % increase from the 52 week low of $ 21.61 and a 8.85 % decrease over the 52 week high of $ 41.36.

Apptio Inc. has a market capital of $ 1.70 billion and is part of the Technology sector and Software – Application industry.