Caisse Des Depots ET Consignations Makes New Investment in HealthEquity, Inc. (NASDAQ:HQY)

Caisse Des Depots ET Consignations purchased a new position in HealthEquity, Inc. (NASDAQ:HQY) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 17,298 shares of the company’s stock, valued at approximately $1,660,000.

Other large investors have also recently made changes to their positions in the company. Wealthfront Advisers LLC acquired a new stake in HealthEquity in the 4th quarter valued at about $10,304,089,000. Vanguard Group Inc. grew its position in shares of HealthEquity by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 8,976,091 shares of the company’s stock valued at $861,256,000 after purchasing an additional 99,624 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of HealthEquity by 6.6% in the third quarter. Wasatch Advisors LP now owns 7,758,890 shares of the company’s stock valued at $635,065,000 after purchasing an additional 483,269 shares during the last quarter. State Street Corp lifted its position in HealthEquity by 0.8% during the third quarter. State Street Corp now owns 3,131,900 shares of the company’s stock worth $256,346,000 after buying an additional 23,613 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in HealthEquity by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,078,977 shares of the company’s stock worth $170,197,000 after buying an additional 15,145 shares during the last quarter. 99.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Robert W. Selander sold 5,750 shares of the company’s 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 sale, the director now directly owns 78,219 shares of the company’s stock, valued at $8,704,992.51. This represents a 6.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is owned by corporate insiders.

HealthEquity Trading Down 0.4 %

HQY opened at $88.83 on Friday. HealthEquity, Inc. has a 52 week low of $65.01 and a 52 week high of $115.59. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $103.94 and a 200-day simple moving average of $95.84. The firm has a market cap of $7.68 billion, a P/E ratio of 81.50, a P/E/G ratio of 1.60 and a beta of 0.62.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HQY. Mizuho initiated coverage on HealthEquity in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $126.00 target price for the company. Raymond James upgraded shares of HealthEquity from an “outperform” rating to a “strong-buy” rating and cut their price objective for the stock from $120.00 to $115.00 in a research report on Tuesday. Royal Bank of Canada boosted their target price on shares of HealthEquity from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Wells Fargo & Company raised their price target on shares of HealthEquity from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Finally, Barrington Research reiterated an “outperform” rating and issued a $112.00 price objective on shares of HealthEquity in a report on Friday, March 14th. 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $112.23.

HealthEquity 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.