Blueshift Asset Management LLC acquired a new stake in Envestnet Inc (NYSE:ENV) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,661 shares of the business services provider’s stock, valued at approximately $229,000.

Several other large investors also recently added to or reduced their stakes in ENV. Hartford Financial Management Inc. bought a new stake in shares of Envestnet in the 4th quarter valued at $49,000. Advisors Asset Management Inc. bought a new stake in shares of Envestnet in the 4th quarter valued at $58,000. Bank of Montreal Can increased its stake in shares of Envestnet by 23.5% in the 4th quarter. Bank of Montreal Can now owns 1,410 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 268 shares in the last quarter. Strs Ohio increased its stake in shares of Envestnet by 15.8% in the 4th quarter. Strs Ohio now owns 2,200 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 300 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Envestnet by 11.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,104 shares of the business services provider’s stock valued at $153,000 after acquiring an additional 320 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

Shares of ENV stock opened at $64.48 on Friday. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 51.58, a price-to-earnings-growth ratio of 2.56 and a beta of 1.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.11 and a quick ratio of 1.11. Envestnet Inc has a 12 month low of $46.57 and a 12 month high of $65.33.

Envestnet (NYSE:ENV) last announced its quarterly earnings results on Thursday, February 21st. The business services provider reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.18. The business had revenue of $210.08 million during the quarter, compared to analyst estimates of $210.52 million. Envestnet had a net margin of 0.71% and a return on equity of 11.51%. Analysts forecast that Envestnet Inc will post 1.53 EPS for the current year.

ENV has been the subject of several research analyst reports. Buckingham Research initiated coverage on shares of Envestnet in a research note on Thursday, January 10th. They issued a “buy” rating and a $63.00 price objective for the company. Raymond James lowered their price objective on shares of Envestnet from $71.00 to $60.00 and set a “strong-buy” rating for the company in a research note on Thursday, January 3rd. DA Davidson decreased their price target on shares of Envestnet to $58.00 and set a “buy” rating for the company in a research note on Friday, January 4th. Zacks Investment Research upgraded shares of Envestnet from a “sell” rating to a “hold” rating in a research note on Thursday, January 10th. Finally, ValuEngine upgraded shares of Envestnet from a “hold” rating to a “buy” rating in a research note on Saturday, February 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $64.22.

In other Envestnet news, insider Anil Arora sold 567 shares of Envestnet stock in a transaction on Friday, February 1st. The shares were sold at an average price of $54.74, for a total transaction of $31,037.58. Following the transaction, the insider now directly owns 64,745 shares of the company’s stock, valued at approximately $3,544,141.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Joshua Mayer sold 1,162 shares of Envestnet stock in a transaction on Friday, March 1st. The stock was sold at an average price of $61.15, for a total transaction of $71,056.30. Following the transaction, the chief operating officer now directly owns 36,222 shares in the company, valued at $2,214,975.30. The disclosure for this sale can be found here. Insiders have sold a total of 9,462 shares of company stock valued at $521,883 in the last 90 days. 5.49% of the stock is currently owned by company insiders.

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About Envestnet

Envestnet, Inc, together with its subsidiaries, provides intelligent systems for wealth management and financial wellness in the United States and internationally. It operates through Envestnet and Envestnet | Yodlee business segments. The company's product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as sells 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; Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research, due diligence, and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.

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Institutional Ownership by Quarter for Envestnet (NYSE:ENV)

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