256,051 Shares in HealthEquity, Inc. (NASDAQ:HQY) Acquired by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership purchased a new stake in HealthEquity, Inc. (NASDAQ:HQY) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 256,051 shares of the company’s stock, valued at approximately $24,568,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Raymond James Trust N.A. boosted its position in shares of HealthEquity by 4.8% during the third quarter. Raymond James Trust N.A. now owns 2,905 shares of the company’s stock worth $238,000 after buying an additional 132 shares during the period. Citigroup Inc. boosted its position in HealthEquity by 73.0% during the 3rd quarter. Citigroup Inc. now owns 102,107 shares of the company’s stock worth $8,357,000 after acquiring an additional 43,084 shares during the last quarter. Cerity Partners LLC grew its stake in shares of HealthEquity by 15.1% during the 3rd quarter. Cerity Partners LLC now owns 17,259 shares of the company’s stock worth $1,413,000 after acquiring an additional 2,258 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of HealthEquity by 165.7% in the third quarter. BNP Paribas Financial Markets now owns 20,437 shares of the company’s stock valued at $1,673,000 after purchasing an additional 12,745 shares during the last quarter. Finally, Townsquare Capital LLC lifted its position in shares of HealthEquity by 3.9% in the third quarter. Townsquare Capital LLC now owns 22,292 shares of the company’s stock worth $1,825,000 after purchasing an additional 839 shares in the last quarter. Institutional investors and hedge funds own 99.55% of the company’s stock.

Insider Activity at HealthEquity

In related news, Director Robert W. Selander sold 5,750 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $111.29, for a total value of $639,917.50. Following the completion of the sale, the director now directly owns 78,219 shares in the company, valued at $8,704,992.51. The trade was a 6.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.20% of the stock is owned by company insiders.

HealthEquity Price Performance

Shares of HQY opened at $86.96 on Friday. The company’s 50-day moving average is $103.63 and its 200-day moving average is $95.91. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.20 and a quick ratio of 3.20. The firm has a market capitalization of $7.52 billion, a PE ratio of 79.78, a PEG ratio of 1.60 and a beta of 0.62. HealthEquity, Inc. has a fifty-two week low of $65.01 and a fifty-two week high of $115.59.

Analyst Upgrades and Downgrades

HQY has been the topic of several recent research reports. Royal Bank of Canada lifted their price target on shares of HealthEquity from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Mizuho started coverage on HealthEquity in a report on Wednesday, December 4th. They set an “outperform” rating and a $126.00 target price on the stock. Raymond James raised HealthEquity from an “outperform” rating to a “strong-buy” rating and lowered their price target for the stock from $120.00 to $115.00 in a research report on Tuesday. Wells Fargo & Company increased their price objective on HealthEquity from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Finally, KeyCorp dropped their price target on shares of HealthEquity from $120.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $112.23.

About HealthEquity

HealthEquity, Inc provides technology-enabled services platforms to consumers and employers in the United States. The company offers cloud-based platforms for individuals to make health saving and spending decisions, pay healthcare bills, receive personalized benefit information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts.