36,428 Shares in Envestnet, Inc. (NYSE:ENV) Bought by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in Envestnet, Inc. (NYSE:ENV) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 36,428 shares of the business services provider’s stock, valued at approximately $2,281,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in shares of Envestnet during the second quarter worth about $46,000. Longfellow Investment Management Co. LLC acquired a new stake in Envestnet during the 3rd quarter valued at approximately $71,000. Quest Partners LLC increased its holdings in Envestnet by 6,220.8% during 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 during the last quarter. SG Americas Securities LLC raised its position in shares of Envestnet by 54.2% in the 3rd quarter. SG Americas Securities LLC now owns 2,687 shares of the business services provider’s stock valued at $168,000 after purchasing an additional 945 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of Envestnet by 80.0% during the 2nd 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 during the last quarter.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. StockNews.com initiated coverage on shares of Envestnet in a report on Thursday. They issued a “sell” rating on the stock. DA Davidson restated a “neutral” rating and issued a $63.00 target price on shares of Envestnet in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.88.

Envestnet Price Performance

Shares of NYSE:ENV opened at $63.14 on Friday. The company has a market cap of $3.49 billion, a PE ratio of -13.24 and a beta of 1.25. Envestnet, Inc. has a fifty-two week low of $36.43 and a fifty-two week high of $73.04. The firm has a 50-day simple moving average of $62.80 and a 200 day simple moving average of $63.06. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.07.

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.