Clearbridge Investments LLC Sells 328,366 Shares of HealthEquity, Inc. (NASDAQ:HQY)

Clearbridge Investments LLC trimmed its position in shares of HealthEquity, Inc. (NASDAQ:HQY) by 13.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,060,026 shares of the company’s stock after selling 328,366 shares during the quarter. Clearbridge Investments LLC’s holdings in HealthEquity were worth $197,659,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new position in shares of HealthEquity in the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC boosted its stake in HealthEquity by 34.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 384 shares of the company’s stock worth $37,000 after purchasing an additional 98 shares in the last quarter. UMB Bank n.a. boosted its stake in HealthEquity by 65.6% in the fourth quarter. UMB Bank n.a. now owns 414 shares of the company’s stock worth $40,000 after purchasing an additional 164 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of HealthEquity by 1,934.8% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 468 shares of the company’s stock worth $45,000 after purchasing an additional 445 shares during the last quarter. Finally, Lindbrook Capital LLC increased its stake in shares of HealthEquity by 27.6% in the fourth quarter. Lindbrook Capital LLC now owns 750 shares of the company’s stock valued at $72,000 after buying an additional 162 shares in the last quarter. Institutional investors and hedge funds own 99.55% of the company’s stock.

HealthEquity Stock Down 2.1 %

Shares of NASDAQ:HQY opened at $86.96 on Monday. The company has a 50 day moving average price of $103.63 and a two-hundred day moving average price of $96.21. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.20 and a current ratio of 3.20. The company 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 52 week low of $65.01 and a 52 week high of $115.59.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Royal Bank of Canada raised their price objective on shares of HealthEquity from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. JMP Securities increased their price objective on HealthEquity from $105.00 to $107.00 and gave the company a “market outperform” rating in a research report on Tuesday, December 10th. Mizuho assumed coverage on HealthEquity in a research report on Wednesday, December 4th. They set an “outperform” rating and a $126.00 target price for the company. Wells Fargo & Company lifted their price objective on HealthEquity from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Finally, Barrington Research reissued an “outperform” rating and set a $112.00 price objective on shares of HealthEquity in a report on Friday, March 14th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $112.23.

Insider Activity

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

HealthEquity Company Profile

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.