Envestnet Asset Management Inc. Has $2.97 Million Stock Position in Blackbaud, Inc. (NASDAQ:BLKB)

Envestnet Asset Management Inc. lifted its stake in shares of Blackbaud, Inc. (NASDAQ:BLKBGet Rating) by 4.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,199 shares of the technology company’s stock after purchasing an additional 2,194 shares during the quarter. Envestnet Asset Management Inc. owned 0.10% of Blackbaud worth $2,973,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BLKB. BlackRock Inc. boosted its stake in Blackbaud by 3.6% in the first quarter. BlackRock Inc. now owns 5,320,025 shares of the technology company’s stock valued at $318,510,000 after buying an additional 186,768 shares in the last quarter. Vanguard Group Inc. boosted its stake in Blackbaud by 7.4% in the first quarter. Vanguard Group Inc. now owns 4,916,663 shares of the technology company’s stock valued at $294,361,000 after buying an additional 339,922 shares in the last quarter. Van ECK Associates Corp boosted its stake in Blackbaud by 5.8% in the first quarter. Van ECK Associates Corp now owns 2,648,161 shares of the technology company’s stock valued at $158,546,000 after buying an additional 144,729 shares in the last quarter. State Street Corp boosted its stake in Blackbaud by 5.9% in the first quarter. State Street Corp now owns 1,534,927 shares of the technology company’s stock valued at $91,896,000 after buying an additional 85,570 shares in the last quarter. Finally, Van Berkom & Associates Inc. boosted its stake in Blackbaud by 6.6% in the second quarter. Van Berkom & Associates Inc. now owns 989,048 shares of the technology company’s stock valued at $57,434,000 after buying an additional 61,457 shares in the last quarter. 98.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Blackbaud in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

Blackbaud Stock Performance

Shares of BLKB stock opened at $59.21 on Wednesday. The business’s 50-day moving average price is $51.41 and its 200-day moving average price is $55.34. Blackbaud, Inc. has a 12 month low of $43.54 and a 12 month high of $83.97. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of -95.50, a PEG ratio of 17.50 and a beta of 1.10. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.14.

Blackbaud Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Blackbaud (NASDAQ:BLKB)

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