Zions Bancorporation N.A. Sells 9,322 Shares of Envestnet, Inc. (NYSE:ENV)

Zions Bancorporation N.A. trimmed its holdings in shares of Envestnet, Inc. (NYSE:ENV - Free Report) by 36.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,390 shares of the business services provider's stock after selling 9,322 shares during the quarter. Zions Bancorporation N.A.'s holdings in Envestnet were worth $1,026,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ENV. Geneva Capital Management LLC lifted its stake in shares of Envestnet by 0.5% during the third quarter. Geneva Capital Management LLC now owns 863,398 shares of the business services provider's stock worth $54,066,000 after buying an additional 4,042 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of Envestnet by 15.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 31,581 shares of the business services provider's stock worth $1,978,000 after purchasing an additional 4,218 shares in the last quarter. Principal Financial Group Inc. boosted its position in Envestnet by 9.0% during the third quarter. Principal Financial Group Inc. now owns 271,766 shares of the business services provider's stock worth $17,018,000 after acquiring an additional 22,462 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Envestnet by 8.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,803 shares of the business services provider's stock valued at $363,000 after acquiring an additional 439 shares in the last quarter. Finally, Everence Capital Management Inc. grew its stake in shares of Envestnet by 25.8% in the 3rd quarter. Everence Capital Management Inc. now owns 6,190 shares of the business services provider's stock valued at $388,000 after buying an additional 1,270 shares during the period.

Envestnet Stock Performance

Shares of ENV stock traded down $0.02 during trading hours on Friday, reaching $62.94. The stock had a trading volume of 824,810 shares, compared to its average volume of 678,623. 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, Inc. has a twelve month low of $36.01 and a twelve month high of $73.04. The firm has a 50-day simple moving average of $62.72 and a 200-day simple moving average of $63.10. The firm has a market capitalization of $3.48 billion, a PE ratio of -13.19 and a beta of 1.25.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. StockNews.com started coverage on shares of Envestnet in a report on Tuesday. They set a "sell" rating on the stock. DA Davidson reissued a "neutral" rating and set a $63.00 price objective on shares of Envestnet in a research report on Wednesday, September 18th. One 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. According to data from MarketBeat.com, Envestnet currently has an average 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.