Swiss National Bank reduced its holdings in shares of Blackbaud, Inc. (NASDAQ:BLKB – Get Rating) by 6.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 96,453 shares of the technology company’s stock after selling 6,300 shares during the period. Swiss National Bank’s holdings in Blackbaud were worth $5,601,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. First Horizon Advisors Inc. acquired a new position in Blackbaud in the 2nd quarter worth about $43,000. UMB Bank n.a. increased its holdings in Blackbaud by 51.0% in the 2nd quarter. UMB Bank n.a. now owns 811 shares of the technology company’s stock worth $47,000 after purchasing an additional 274 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Blackbaud by 51.6% in the 2nd quarter. Lazard Asset Management LLC now owns 1,680 shares of the technology company’s stock worth $97,000 after purchasing an additional 572 shares in the last quarter. Captrust Financial Advisors increased its holdings in Blackbaud by 20.1% in the 1st quarter. Captrust Financial Advisors now owns 2,232 shares of the technology company’s stock worth $134,000 after purchasing an additional 374 shares in the last quarter. Finally, Point72 Hong Kong Ltd increased its holdings in Blackbaud by 400.8% in the 1st quarter. Point72 Hong Kong Ltd now owns 3,000 shares of the technology company’s stock worth $180,000 after purchasing an additional 2,401 shares in the last quarter. 98.64% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on Blackbaud in a report on Wednesday, October 12th. They issued a “hold” rating for the company.
Blackbaud Trading Up 1.0 %
Blackbaud, Inc provides cloud software solutions to higher education institutions, K-12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, companies, and individual change agents in the United States and internationally. The company offers fundraising and relationship management solutions, such as Blackbaud Raiser's Edge NXT and Blackbaud CRM, Blackbaud eTapestry, Blackbaud TeamRaiser, JustGiving, and Blackbaud Guided Fundraising and Blackbaud Volunteer Network Fundraising; marketing and engagement solutions, including Blackbaud Luminate Online, Blackbaud Online Express, and Blackbaud School Website System; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid Management.
- Get a free copy of the StockNews.com research report on Blackbaud (BLKB)
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