Envestnet, Inc. (NYSE:ENV) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in shares of Envestnet, Inc. (NYSE:ENV) by 13.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,576 shares of the business services provider’s stock after acquiring an additional 9,118 shares during the period. Envestnet Asset Management Inc. owned 0.14% of Envestnet worth $4,545,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ENV. McIlrath & Eck LLC boosted its stake in shares of Envestnet by 140.8% during the fourth quarter. McIlrath & Eck LLC now owns 802 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 469 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Envestnet by 88.7% during the first quarter. Nisa Investment Advisors LLC now owns 1,319 shares of the business services provider’s stock valued at $77,000 after acquiring an additional 620 shares during the last quarter. Covestor Ltd boosted its stake in shares of Envestnet by 86.2% during the first quarter. Covestor Ltd now owns 1,398 shares of the business services provider’s stock valued at $104,000 after acquiring an additional 647 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in Envestnet in the 4th quarter worth about $209,000. Finally, Truist Financial Corp acquired a new stake in Envestnet in the 1st quarter worth about $230,000.

Analysts Set New Price Targets

ENV has been the topic of a number of research analyst reports. Royal Bank of Canada decreased their price target on Envestnet from $67.00 to $47.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 9th. StockNews.com raised Envestnet from a “sell” rating to a “hold” rating in a research note on Thursday, November 16th. UBS Group decreased their price target on Envestnet from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, November 9th. JMP Securities decreased their price target on Envestnet from $78.00 to $76.00 and set a “market outperform” rating on the stock in a research note on Friday, November 10th. Finally, TheStreet lowered Envestnet from a “c-” rating to a “d+” rating in a research note on Tuesday, September 19th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.57.

Envestnet Stock Performance

NYSE ENV opened at $39.43 on Tuesday. The firm has a market capitalization of $2.15 billion, a P/E ratio of -21.11 and a beta of 1.30. Envestnet, Inc. has a 1-year low of $33.12 and a 1-year high of $69.22. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.75 and a quick ratio of 0.75. The business’s 50-day simple moving average is $41.62 and its 200-day simple moving average is $51.01.

Envestnet Company Profile

Envestnet, Inc, together with its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through Envestnet Wealth Solutions and Envestnet Data & Analytics segments. The Envestnet Wealth Solutions segment offers Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that 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.