Blackbaud: Big Funds Supporting Shares in Q3

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of Blackbaud Inc. (NASDAQ:BLKB).

SEC data indicate that these institutions significantly increased their stock shares of Blackbaud Inc. in Q3 2011:

  • EATON VANCE MANAGEMENT: On 06/30/2011, held 0 shares. On 09/30/2011, held 1,396,977 shares, worth $30,970,980.
  • PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO: On 06/30/2011, held 0 shares. On 09/30/2011, held 161,958 shares, worth $3,590,609.
  • BNP PARIBAS INVESTMENT PARTNERS S.A.: On 06/30/2011, held 0 shares. On 09/30/2011, held 74,962 shares, worth $1,661,908.
  • TEXAS PERMANENT SCHOOL FUND: On 06/30/2011, held 0 shares. On 09/30/2011, held 56,504 shares, worth $1,252,694.
  • D. E. SHAW & CO. INC.: On 06/30/2011, held 0 shares. On 09/30/2011, held 24,329 shares, worth $539,374.

About the company: Blackbaud, Inc. provides software and related services designed specifically for non-profit organizations. The Company’s products and services enable non-profit organizations to increase donations, reduce fundraising costs, improve communication with constituents, manage their finances, and optimize internal operations.

Competitors to Watch: Convio, Inc. (NASDAQ:CNVO), Microsoft Corporation (NASDAQ:MSFT), Oracle Corporation (NASDAQ:ORCL), Citrix Systems, Inc. (NASDAQ:CTXS), salesforce.com, inc. (NYSE:CRM), Blackboard Inc. (NASDAQ:BBBB), OpenTable Inc (NASDAQ:OPEN), Peerless Systems Corp. (NASDAQ:PRLS), and JDA Software Group, Inc. (NASDAQ:JDAS).

(Note: Data regarding Blackbaud Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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