Fmr LLC Has $70.21 Million Stake in Envestnet, Inc. (NYSE:ENV)

Fmr LLC increased its stake in Envestnet, Inc. (NYSE:ENV) by 0.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,121,239 shares of the business services provider’s stock after purchasing an additional 254 shares during the quarter. Fmr LLC owned approximately 2.03% of Envestnet worth $70,212,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ENV. Arizona State Retirement System raised its position in shares of Envestnet by 2.5% in the second quarter. Arizona State Retirement System now owns 11,552 shares of the business services provider’s stock valued at $723,000 after purchasing an additional 286 shares during the period. Farther Finance Advisors LLC raised its holdings in Envestnet by 8.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,803 shares of the business services provider’s stock worth $363,000 after acquiring an additional 439 shares during the period. Louisiana State Employees Retirement System lifted its position in Envestnet by 2.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 25,200 shares of the business services provider’s stock worth $1,577,000 after acquiring an additional 600 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in Envestnet by 9.2% during the second quarter. Benjamin Edwards Inc. now owns 7,781 shares of the business services provider’s stock valued at $487,000 after acquiring an additional 658 shares during the period. Finally, Innealta Capital LLC acquired a new stake in shares of Envestnet in the second quarter valued at about $46,000.

Envestnet Price Performance

Shares of ENV stock opened at $63.14 on Friday. The company has a market capitalization of $3.49 billion, a P/E ratio of -13.24 and a beta of 1.25. The company has a current ratio of 0.59, a quick 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 50 day moving average of $62.87 and a two-hundred day moving average of $62.91.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ENV shares. DA Davidson reissued a “neutral” rating and set a $63.00 price objective on shares of Envestnet in a research report on Wednesday, September 18th. StockNews.com initiated coverage on Envestnet in a report on Friday. They set a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $61.88.

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.