Algert Global LLC Has $1.45 Million Position in Envestnet, Inc. (NYSE:ENV)

Algert Global LLC boosted its holdings in shares of Envestnet, Inc. (NYSE:ENV) by 455.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,071 shares of the business services provider’s stock after buying an additional 18,917 shares during the period. Algert Global LLC’s holdings in Envestnet were worth $1,445,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ENV. O Shaughnessy Asset Management LLC acquired a new stake in shares of Envestnet in the 1st quarter valued at $228,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Envestnet by 45.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 154,843 shares of the business services provider’s stock valued at $8,968,000 after purchasing an additional 48,057 shares in the last quarter. Cetera Advisors LLC acquired a new stake in shares of Envestnet in the 1st quarter valued at $222,000. Harbor Capital Advisors Inc. boosted its stake in shares of Envestnet by 318.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 25,956 shares of the business services provider’s stock valued at $1,625,000 after purchasing an additional 19,749 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Envestnet by 13.6% in the 2nd quarter. Raymond James & Associates now owns 25,886 shares of the business services provider’s stock valued at $1,620,000 after purchasing an additional 3,092 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently commented on ENV shares. 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. StockNews.com initiated coverage on Envestnet in a report on Thursday. They issued a “sell” rating for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Envestnet has a consensus rating of “Hold” and a consensus target price of $61.88.

Envestnet Stock Performance

Envestnet stock opened at $63.14 on Friday. The stock 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, Inc. has a 12-month low of $36.43 and a 12-month high of $73.04. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of -13.24 and a beta of 1.25.

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.