Swiss National Bank Has $7.49 Million Stock Position in Workiva Inc. (NYSE:WK)

Swiss National Bank decreased its position in Workiva Inc. (NYSE:WK) by 0.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 94,621 shares of the software maker’s stock after selling 400 shares during the period. Swiss National Bank’s holdings in Workiva were worth $7,486,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WK. Swedbank AB acquired a new position in shares of Workiva in the 1st quarter valued at $16,180,000. Assenagon Asset Management S.A. grew its holdings in shares of Workiva by 435.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 145,384 shares of the software maker’s stock valued at $11,503,000 after buying an additional 118,234 shares during the period. Kopp LeRoy C acquired a new position in shares of Workiva in the 1st quarter valued at $6,481,000. Cubist Systematic Strategies LLC grew its holdings in shares of Workiva by 501.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 75,484 shares of the software maker’s stock valued at $5,510,000 after buying an additional 62,932 shares during the period. Finally, Burney Co. grew its holdings in shares of Workiva by 130.7% in the 2nd quarter. Burney Co. now owns 100,056 shares of the software maker’s stock valued at $7,303,000 after buying an additional 56,683 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Price Performance

Shares of NYSE:WK opened at $98.41 on Tuesday. The company’s 50-day moving average price is $82.57 and its two-hundred day moving average price is $78.07. Workiva Inc. has a one year low of $65.47 and a one year high of $105.00. The stock has a market capitalization of $5.45 billion, a PE ratio of -106.92 and a beta of 1.05.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WK. Robert W. Baird upped their target price on shares of Workiva from $94.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Northland Securities reduced their target price on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Stifel Nicolaus upped their target price on shares of Workiva from $85.00 to $102.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. StockNews.com lowered shares of Workiva from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Finally, BMO Capital Markets upped their target price on shares of Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $103.20.

Insiders Place Their Bets

In other news, EVP Michael D. Hawkins sold 2,761 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $74.60, for a total value of $205,970.60. Following the sale, the executive vice president now directly owns 49,887 shares of the company’s stock, valued at approximately $3,721,570.20. This represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.86% of the company’s stock.

Workiva Company Profile

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.