16,114 Shares in Envestnet, Inc. (NYSE:ENV) Acquired by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in shares of Envestnet, Inc. (NYSE:ENV) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,114 shares of the business services provider’s stock, valued at approximately $1,009,000.

Several other large investors have also modified their holdings of ENV. Innealta Capital LLC acquired a new stake in shares of Envestnet during the second quarter worth $46,000. Quest Partners LLC increased its stake in Envestnet by 6,220.8% in the 2nd quarter. Quest Partners LLC now owns 1,517 shares of the business services provider’s stock worth $95,000 after purchasing an additional 1,493 shares in the last quarter. SG Americas Securities LLC raised its holdings in Envestnet by 54.2% during the 3rd quarter. SG Americas Securities LLC now owns 2,687 shares of the business services provider’s stock worth $168,000 after buying an additional 945 shares during the period. Federated Hermes Inc. lifted its stake in Envestnet by 80.0% during the second quarter. Federated Hermes Inc. now owns 2,700 shares of the business services provider’s stock valued at $169,000 after buying an additional 1,200 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new position in shares of Envestnet in the second quarter worth approximately $191,000.

Envestnet Price Performance

ENV opened at $63.14 on Thursday. The company has a market capitalization of $3.49 billion, a PE ratio of -13.24 and a beta of 1.25. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.59 and a quick ratio of 0.59. Envestnet, Inc. has a fifty-two week low of $36.43 and a fifty-two week high of $73.04. The business has a 50-day moving average of $62.78 and a 200-day moving average of $63.06.

Wall Street Analyst Weigh In

ENV has been the subject of several research analyst reports. StockNews.com initiated coverage on shares of Envestnet in a research report on Thursday. They issued a “sell” rating for the company. DA Davidson reaffirmed a “neutral” rating and issued a $63.00 target price on shares of Envestnet in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $61.88.

Envestnet 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.