Envestnet, Inc. (NYSE:ENV) Shares Bought by Quest Partners LLC

Quest Partners LLC grew its holdings in Envestnet, Inc. (NYSE:ENV - Free Report) by 2,100.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,383 shares of the business services provider's stock after buying an additional 31,866 shares during the quarter. Quest Partners LLC owned 0.06% of Envestnet worth $2,090,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ENV. Engaged Capital LLC boosted its stake in Envestnet by 479.8% during the 2nd quarter. Engaged Capital LLC now owns 692,483 shares of the business services provider's stock worth $43,343,000 after purchasing an additional 573,049 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. acquired a new position in Envestnet in the third quarter valued at approximately $8,472,000. Vanguard Group Inc. grew its position in Envestnet by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,098,535 shares of the business services provider's stock worth $353,166,000 after acquiring an additional 83,081 shares during the period. Dimensional Fund Advisors LP increased its stake in Envestnet by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,039,402 shares of the business services provider's stock worth $65,057,000 after acquiring an additional 73,751 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Envestnet by 45.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 154,843 shares of the business services provider's stock valued at $8,968,000 after purchasing an additional 48,057 shares during the period.

Envestnet Stock Up 0.0 %

ENV traded up $0.01 during trading hours on Tuesday, hitting $63.09. 1,900,239 shares of the company's stock were exchanged, compared to its average volume of 688,120. Envestnet, Inc. has a 12-month low of $36.43 and a 12-month 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 0.59. The firm has a 50 day moving average of $62.72 and a 200 day moving average of $63.11.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. DA Davidson reiterated a "neutral" rating and set a $63.00 price target on shares of Envestnet in a report on Wednesday, September 18th. StockNews.com started coverage on shares of Envestnet in a research report on Tuesday, November 12th. They set a "sell" rating for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Envestnet currently has a consensus rating of "Hold" and a consensus target price of $61.88.

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.