Robeco Institutional Asset Management B.V. Raises Position in HealthStream, Inc. (NASDAQ:HSTM)

Robeco Institutional Asset Management B.V. increased its holdings in HealthStream, Inc. (NASDAQ:HSTM) by 26.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,260 shares of the technology company’s stock after purchasing an additional 16,166 shares during the period. Robeco Institutional Asset Management B.V. owned 0.25% of HealthStream worth $2,425,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. grew its holdings in HealthStream by 141.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 400,033 shares of the technology company’s stock valued at $11,537,000 after buying an additional 234,148 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in shares of HealthStream in the third quarter worth approximately $1,635,000. Assenagon Asset Management S.A. grew its holdings in HealthStream by 37.3% in the third quarter. Assenagon Asset Management S.A. now owns 201,601 shares of the technology company’s stock valued at $5,814,000 after purchasing an additional 54,775 shares during the period. Annex Advisory Services LLC acquired a new position in HealthStream during the fourth quarter worth approximately $1,149,000. Finally, Barclays PLC raised its stake in HealthStream by 145.0% during the third quarter. Barclays PLC now owns 58,838 shares of the technology company’s stock worth $1,697,000 after purchasing an additional 34,821 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on HSTM. Canaccord Genuity Group boosted their price objective on shares of HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Barclays boosted their price target on HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Craig Hallum raised HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, HealthStream presently has an average rating of “Buy” and an average target price of $31.50.

HealthStream Trading Up 0.4 %

Shares of NASDAQ HSTM opened at $32.79 on Tuesday. The stock has a fifty day moving average price of $32.16 and a 200 day moving average price of $30.29. HealthStream, Inc. has a 12-month low of $23.92 and a 12-month high of $33.52. The company has a market cap of $997.47 million, a P/E ratio of 50.45, a P/E/G ratio of 4.25 and a beta of 0.39.

HealthStream Profile

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company’s solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.