Envestnet Inc (ENV) Shares Bought by Global X Management Co. LLC

Global X Management Co. LLC increased its holdings in shares of Envestnet Inc (NYSE:ENV) by 180.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 26,738 shares of the business services provider’s stock after buying an additional 17,210 shares during the period. Global X Management Co. LLC’s holdings in Envestnet were worth $1,333,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. Ameritas Investment Partners Inc. grew its holdings in Envestnet by 5.7% during the second quarter. Ameritas Investment Partners Inc. now owns 3,782 shares of the business services provider’s stock worth $150,000 after purchasing an additional 204 shares during the period. California Public Employees Retirement System grew its holdings in Envestnet by 0.9% during the second quarter. California Public Employees Retirement System now owns 34,906 shares of the business services provider’s stock worth $1,382,000 after purchasing an additional 300 shares during the period. Stifel Financial Corp grew its holdings in Envestnet by 4.4% during the second quarter. Stifel Financial Corp now owns 20,428 shares of the business services provider’s stock worth $810,000 after purchasing an additional 868 shares during the period. Ashford Capital Management Inc. grew its holdings in Envestnet by 0.4% during the third quarter. Ashford Capital Management Inc. now owns 241,458 shares of the business services provider’s stock worth $12,314,000 after purchasing an additional 962 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Envestnet by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 33,379 shares of the business services provider’s stock worth $1,322,000 after purchasing an additional 1,326 shares during the period. Institutional investors and hedge funds own 91.36% of the company’s stock.

In other news, Director Gayle A. Crowell sold 746 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $48.90, for a total transaction of $36,479.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shelly O’brien sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $48.13, for a total value of $72,195.00. Following the sale, the insider now owns 37,686 shares of the company’s stock, valued at approximately $1,813,827.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 187,694 shares of company stock valued at $9,480,716. Corporate insiders own 5.58% of the company’s stock.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Envestnet from a “hold” rating to a “strong-buy” rating and set a $60.00 price target for the company in a report on Tuesday, January 9th. UBS Group reduced their price target on Envestnet from $63.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 17th. Stifel Nicolaus reiterated a “buy” rating and set a $62.00 price target (up previously from $52.00) on shares of Envestnet in a report on Thursday, November 9th. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of Envestnet in a report on Tuesday, November 7th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $55.00.

Shares of Envestnet Inc (ENV) opened at $56.00 on Monday. Envestnet Inc has a 1-year low of $30.80 and a 1-year high of $56.35. The stock has a market capitalization of $2,481.13, a P/E ratio of 71.79, a PEG ratio of 2.79 and a beta of 1.96. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.63.

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Envestnet Profile

Envestnet, Inc is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s segments are Envestnet and Envestnet Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions.

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Institutional Ownership by Quarter for Envestnet (NYSE:ENV)

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