Envestnet, Inc. (NYSE:ENV) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its stake in Envestnet, Inc. (NYSE:ENV) by 3.3% during the third quarter, Holdings Channel.com reports. The firm owned 14,816 shares of the business services provider’s stock after selling 506 shares during the quarter. Amalgamated Bank’s holdings in Envestnet were worth $928,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ENV. Engaged Capital LLC increased its stake in shares of Envestnet by 479.8% during the second quarter. Engaged Capital LLC now owns 692,483 shares of the business services provider’s stock worth $43,343,000 after buying an additional 573,049 shares during the period. Vanguard Group Inc. raised its holdings in shares of Envestnet by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,098,535 shares of the business services provider’s stock valued at $353,166,000 after purchasing an additional 83,081 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Envestnet by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,039,402 shares of the business services provider’s stock valued at $65,057,000 after purchasing an additional 73,751 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Envestnet by 45.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 154,843 shares of the business services provider’s stock worth $8,968,000 after purchasing an additional 48,057 shares during the last quarter. Finally, ClariVest Asset Management LLC acquired a new position in shares of Envestnet during the second quarter worth $2,482,000.

Wall Street Analyst Weigh In

ENV has been the topic of a number of analyst reports. StockNews.com started coverage on Envestnet in a research note on Tuesday. They issued a “sell” rating on the stock. DA Davidson reissued a “neutral” rating and set a $63.00 target price on shares of Envestnet in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.88.

Envestnet Stock Performance

NYSE ENV opened at $62.96 on Friday. The company has a fifty day moving average of $62.72 and a two-hundred day moving average of $63.10. The company has a market capitalization of $3.48 billion, a PE ratio of -13.20 and a beta of 1.25. Envestnet, Inc. has a 1 year low of $35.49 and a 1 year high of $73.04. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.59 and a quick ratio of 1.14.

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.