State of New Jersey Common Pension Fund D lifted its holdings in shares of Envestnet, Inc. (NYSE:ENV – Free Report) by 15.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,581 shares of the business services provider’s stock after acquiring an additional 4,218 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of Envestnet worth $1,978,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in ENV. Innealta Capital LLC bought a new position in shares of Envestnet during the 2nd quarter worth $46,000. Quest Partners LLC boosted its position in Envestnet by 6,220.8% during the second quarter. Quest Partners LLC now owns 1,517 shares of the business services provider’s stock worth $95,000 after purchasing an additional 1,493 shares during the period. SG Americas Securities LLC increased its stake in shares of Envestnet by 54.2% in the third quarter. SG Americas Securities LLC now owns 2,687 shares of the business services provider’s stock worth $168,000 after purchasing an additional 945 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Envestnet by 80.0% in the second quarter. Federated Hermes Inc. now owns 2,700 shares of the business services provider’s stock valued at $169,000 after purchasing an additional 1,200 shares during the period. Finally, Summit Securities Group LLC purchased a new stake in shares of Envestnet during the 2nd quarter valued at approximately $191,000.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on ENV. StockNews.com initiated coverage on Envestnet in a report on Tuesday, November 12th. They issued a “sell” rating for the company. DA Davidson reissued a “neutral” rating and issued a $63.00 target price on shares of Envestnet in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $61.88.
Envestnet Stock Down 0.0 %
Shares of Envestnet stock opened at $62.94 on Monday. Envestnet, Inc. has a 12-month low of $36.01 and a 12-month high of $73.04. The company has a current ratio of 0.59, a quick ratio of 1.14 and a debt-to-equity ratio of 1.07. The company’s fifty day simple moving average is $62.72 and its two-hundred day simple moving average is $63.11. The company has a market cap of $3.48 billion, a P/E ratio of -13.19 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.
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