Envestnet, Inc. (NYSE:ENV) Shares Sold by AtonRa Partners

AtonRa Partners decreased its holdings in shares of Envestnet, Inc. (NYSE:ENV) by 25.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,596 shares of the business services provider’s stock after selling 1,532 shares during the quarter. AtonRa Partners’ holdings in Envestnet were worth $228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. SG Americas Securities LLC boosted its stake in Envestnet by 76.9% in the 3rd quarter. SG Americas Securities LLC now owns 28,630 shares of the business services provider’s stock worth $1,261,000 after buying an additional 12,450 shares during the last quarter. Argent Capital Management LLC grew its holdings in Envestnet by 32.7% in the third quarter. Argent Capital Management LLC now owns 5,167 shares of the business services provider’s stock valued at $228,000 after purchasing an additional 1,274 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Envestnet by 13.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,575 shares of the business services provider’s stock valued at $5,397,000 after purchasing an additional 14,916 shares during the period. TD Asset Management Inc increased its position in Envestnet by 39.8% during the third quarter. TD Asset Management Inc now owns 35,834 shares of the business services provider’s stock worth $1,578,000 after purchasing an additional 10,200 shares during the last quarter. Finally, Summit Creek Advisors LLC raised its stake in Envestnet by 0.4% during the third quarter. Summit Creek Advisors LLC now owns 345,682 shares of the business services provider’s stock worth $15,220,000 after purchasing an additional 1,248 shares during the period.

Envestnet Trading Down 1.3 %

Shares of Envestnet stock traded down $0.83 during trading hours on Tuesday, hitting $61.96. 79,775 shares of the company’s stock traded hands, compared to its average volume of 491,166. Envestnet, Inc. has a twelve month low of $33.12 and a twelve month high of $68.83. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.53. The stock has a 50 day simple moving average of $56.32 and a 200-day simple moving average of $48.90.

Envestnet (NYSE:ENV) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. Envestnet had a positive return on equity of 12.27% and a negative net margin of 19.17%. The firm had revenue of $317.63 million during the quarter, compared to analyst estimates of $312.24 million. As a group, research analysts predict that Envestnet, Inc. will post 1.78 EPS for the current fiscal year.

Insider Activity at Envestnet

In related news, insider Matthew Majoros sold 700 shares of Envestnet stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $56.92, for a total value of $39,844.00. Following the completion of the transaction, the insider now directly owns 15,212 shares in the company, valued at $865,867.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Matthew Majoros sold 700 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $56.92, for a total transaction of $39,844.00. Following the sale, the insider now directly owns 15,212 shares of the company’s stock, valued at approximately $865,867.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lauren Taylor Wolfe acquired 1,670 shares of Envestnet stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average price of $52.99 per share, for a total transaction of $88,493.30. Following the completion of the purchase, the director now directly owns 4,188,871 shares of the company’s stock, valued at $221,968,274.29. The disclosure for this purchase can be found here. 8.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on ENV shares. StockNews.com cut Envestnet from a “hold” rating to a “sell” rating in a report on Monday, April 22nd. Raymond James upped their price target on shares of Envestnet from $52.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. William Blair reissued an “outperform” rating on shares of Envestnet in a research report on Wednesday, March 27th. Royal Bank of Canada increased their target price on Envestnet from $47.00 to $56.00 and gave the company a “sector perform” rating in a research note on Friday, February 23rd. Finally, JMP Securities reissued a “market outperform” rating and set a $79.00 price target on shares of Envestnet in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.67.

Envestnet Company Profile

Envestnet, Inc, through its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through two segments: Envestnet Wealth Solutions and Envestnet Data & Analytics. The Envestnet Wealth Solutions segment offers Envestnet | Enterprise, an end-to-end open architecture wealth management platform, as well as offers data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Wealth Analytics that transforms data into actionable intelligence; Envestnet | Tamarac which provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; and Envestnet | MoneyGuide that provides goals-based financial planning solutions to the financial services industry.