111,092 Shares in Envestnet, Inc. (NYSE:ENV) Acquired by Centiva Capital LP

Centiva Capital LP bought a new stake in Envestnet, Inc. (NYSE:ENV) during the third quarter, Holdings Channel.com reports. The firm bought 111,092 shares of the business services provider’s stock, valued at approximately $6,957,000.

Several other large investors have also modified their holdings of the business. Innealta Capital LLC purchased a new position in shares of Envestnet during the 2nd quarter worth approximately $46,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Envestnet during the third quarter worth $71,000. Quest Partners LLC grew its stake in shares of Envestnet by 6,220.8% in the second quarter. Quest Partners LLC now owns 1,517 shares of the business services provider’s stock valued at $95,000 after buying an additional 1,493 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Envestnet by 54.2% in the 3rd quarter. SG Americas Securities LLC now owns 2,687 shares of the business services provider’s stock valued at $168,000 after buying an additional 945 shares during the period. Finally, Federated Hermes Inc. lifted its stake in Envestnet by 80.0% during the 2nd quarter. Federated Hermes Inc. now owns 2,700 shares of the business services provider’s stock worth $169,000 after acquiring an additional 1,200 shares in the last quarter.

Envestnet Stock Performance

Shares of ENV opened at $63.14 on Monday. Envestnet, Inc. has a 1 year low of $36.43 and a 1 year high of $73.04. The stock has a market capitalization of $3.49 billion, a PE ratio of -13.24 and a beta of 1.25. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a 50-day simple moving average of $62.81 and a 200-day simple moving average of $62.99.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ENV shares. StockNews.com began coverage on Envestnet in a research report on Thursday. They issued a “sell” rating for the company. DA Davidson reissued a “neutral” rating and issued a $63.00 price objective 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 assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $61.88.

About Envestnet

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.