AtonRa Partners Has $228,000 Stake in Envestnet, Inc. (NYSE:ENV)

AtonRa Partners reduced its stake in shares of Envestnet, Inc. (NYSE:ENV) by 25.0% in the 4th quarter, HoldingsChannel.com reports. 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 at the end of the most recent reporting period.

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

Envestnet Stock Down 1.3 %

Shares of ENV traded down $0.83 during mid-day trading on Tuesday, reaching $61.96. The company had a trading volume of 79,775 shares, compared to its average volume of 491,166. The company’s 50 day simple moving average is $56.32 and its 200 day simple moving average is $48.90. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. Envestnet, Inc. has a 1-year low of $33.12 and a 1-year high of $68.83.

Envestnet (NYSE:ENV) last announced its earnings results on Thursday, February 22nd. The business services provider reported $0.43 EPS for the quarter, beating the consensus estimate 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 business had revenue of $317.63 million for the quarter, compared to analysts’ expectations of $312.24 million. On average, sell-side analysts forecast that Envestnet, Inc. will post 1.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. William Blair reiterated an “outperform” rating on shares of Envestnet in a research report on Wednesday, March 27th. DA Davidson upped their price target on shares of Envestnet from $62.00 to $67.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. lifted their target price on Envestnet from $44.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. JMP Securities reiterated a “market outperform” rating and set a $79.00 target price on shares of Envestnet in a research report on Wednesday, April 17th. Finally, Raymond James boosted their price objective on shares of Envestnet from $52.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $63.67.

Insider Activity

In other Envestnet news, Director Lauren Taylor Wolfe bought 1,670 shares of Envestnet stock in a transaction dated Friday, March 15th. The stock was bought at an average cost of $52.99 per share, with a total value of $88,493.30. Following the completion of the acquisition, the director now directly owns 4,188,871 shares in the company, valued at approximately $221,968,274.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Matthew Majoros sold 700 shares of the company’s stock in a transaction on Monday, March 25th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lauren Taylor Wolfe bought 1,670 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was acquired at an average price of $52.99 per share, for a total transaction of $88,493.30. Following the transaction, the director now owns 4,188,871 shares in the company, valued at $221,968,274.29. The disclosure for this purchase can be found here. Corporate insiders own 8.90% of the company’s stock.

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.