Envestnet Inc (NYSE:ENV) Director Anil Arora sold 2,261 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $66.79, for a total transaction of $151,012.19. Following the completion of the sale, the director now owns 40,706 shares of the company’s stock, valued at approximately $2,718,753.74. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Anil Arora also recently made the following trade(s):
- On Wednesday, May 1st, Anil Arora sold 325 shares of Envestnet stock. The stock was sold at an average price of $70.03, for a total transaction of $22,759.75.
- On Monday, April 1st, Anil Arora sold 9,594 shares of Envestnet stock. The stock was sold at an average price of $65.66, for a total transaction of $629,942.04.
NYSE ENV traded up $0.67 during midday trading on Friday, hitting $68.37. The company had a trading volume of 762,600 shares, compared to its average volume of 281,495. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $3.25 billion, a PE ratio of 54.70, a price-to-earnings-growth ratio of 2.93 and a beta of 1.82. The stock has a fifty day moving average of $68.22. Envestnet Inc has a fifty-two week low of $46.57 and a fifty-two week high of $72.67.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Envestnet by 4.8% during the 4th quarter. BlackRock Inc. now owns 3,352,246 shares of the business services provider’s stock valued at $164,898,000 after acquiring an additional 152,126 shares in the last quarter. Wasatch Advisors Inc. boosted its position in shares of Envestnet by 0.6% during the 1st quarter. Wasatch Advisors Inc. now owns 2,309,363 shares of the business services provider’s stock valued at $151,009,000 after acquiring an additional 13,688 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Envestnet by 0.3% during the 1st quarter. Clearbridge Investments LLC now owns 912,274 shares of the business services provider’s stock valued at $59,654,000 after acquiring an additional 3,142 shares in the last quarter. Champlain Investment Partners LLC boosted its position in shares of Envestnet by 21.1% during the 1st quarter. Champlain Investment Partners LLC now owns 766,335 shares of the business services provider’s stock valued at $50,111,000 after acquiring an additional 133,585 shares in the last quarter. Finally, Fiera Capital Corp lifted its holdings in Envestnet by 20.2% during the 1st quarter. Fiera Capital Corp now owns 766,325 shares of the business services provider’s stock valued at $50,110,000 after purchasing an additional 128,805 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.
A number of equities research analysts have issued reports on ENV shares. SunTrust Banks started coverage on shares of Envestnet in a research report on Thursday, April 18th. They issued a “buy” rating and a $80.00 target price for the company. UBS Group raised their price target on shares of Envestnet from $76.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. TheStreet downgraded shares of Envestnet from a “b” rating to a “c+” rating in a report on Thursday, May 9th. Zacks Investment Research upgraded shares of Envestnet from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, JMP Securities raised their price target on shares of Envestnet from $67.00 to $72.00 and gave the company a “market outperform” rating in a report on Friday, March 15th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Envestnet presently has a consensus rating of “Buy” and a consensus target price of $73.20.
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 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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