21,400 Shares in HealthEquity, Inc. (NASDAQ:HQY) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in HealthEquity, Inc. (NASDAQ:HQY) during the 4th quarter, HoldingsChannel reports. The fund bought 21,400 shares of the company’s stock, valued at approximately $2,053,000.

Several other hedge funds have also recently added to or reduced their stakes in HQY. Arcadia Investment Management Corp MI acquired a new position in shares of HealthEquity during the fourth quarter valued at $26,000. Smartleaf Asset Management LLC lifted its holdings 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 during the period. Proficio Capital Partners LLC bought a new position in HealthEquity in the 4th quarter valued at about $39,000. UMB Bank n.a. increased its stake in HealthEquity by 65.6% during the 4th quarter. UMB Bank n.a. now owns 414 shares of the company’s stock valued at $40,000 after buying an additional 164 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of HealthEquity by 1,934.8% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 468 shares of the company’s stock worth $45,000 after buying an additional 445 shares in the last quarter. Institutional investors own 99.55% of the company’s stock.

Insider Activity at HealthEquity

In other HealthEquity news, Director Robert W. Selander sold 5,750 shares of HealthEquity stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $111.29, for a total transaction of $639,917.50. Following the transaction, the director now directly owns 78,219 shares in the company, valued at approximately $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 accessible through this hyperlink. 2.20% of the stock is owned by insiders.

HealthEquity Stock Performance

Shares of HQY opened at $88.83 on Friday. The company has a 50-day moving average of $103.94 and a two-hundred day moving average of $95.84. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 81.50, a PEG ratio of 1.60 and a beta of 0.62. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.20 and a quick ratio of 3.20. HealthEquity, Inc. has a one year low of $65.01 and a one year high of $115.59.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Raymond James upgraded shares of HealthEquity from an “outperform” rating to a “strong-buy” rating and lowered their price objective for the company from $120.00 to $115.00 in a research note on Tuesday. JMP Securities increased their price target on HealthEquity from $105.00 to $107.00 and gave the company a “market outperform” rating in a research note on Tuesday, December 10th. Mizuho began coverage on HealthEquity in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $126.00 price objective on the stock. Barrington Research reaffirmed an “outperform” rating and set a $112.00 target price on shares of HealthEquity in a research note on Friday, March 14th. 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. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target 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.