Natixis Acquires 544 Shares of Envestnet, Inc. (NYSE:ENV)

Natixis boosted its holdings in shares of Envestnet, Inc. (NYSE:ENV) by 12.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,767 shares of the business services provider’s stock after acquiring an additional 544 shares during the period. Natixis’ holdings in Envestnet were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue lifted its holdings in shares of Envestnet by 415.1% in the fourth quarter. State of Alaska Department of Revenue now owns 30,599 shares of the business services provider’s stock valued at $1,515,000 after purchasing an additional 24,659 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Envestnet by 50.3% in the fourth quarter. New York State Teachers Retirement System now owns 12,621 shares of the business services provider’s stock valued at $625,000 after purchasing an additional 4,221 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Envestnet by 6.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 130,499 shares of the business services provider’s stock valued at $6,462,000 after purchasing an additional 7,924 shares in the last quarter. Cambiar Investors LLC lifted its holdings in shares of Envestnet by 65.5% in the fourth quarter. Cambiar Investors LLC now owns 57,652 shares of the business services provider’s stock valued at $2,855,000 after purchasing an additional 22,823 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Envestnet in the fourth quarter valued at about $1,233,000.

Analysts Set New Price Targets

A number of brokerages have recently commented on ENV. William Blair restated a “market perform” rating on shares of Envestnet in a report on Thursday, July 11th. Jefferies Financial Group raised Envestnet from an “underperform” rating to a “hold” rating and lifted their target price for the company from $47.00 to $59.00 in a research report on Wednesday, May 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $79.00 target price on shares of Envestnet in a research report on Wednesday, April 17th. Raymond James downgraded Envestnet from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Royal Bank of Canada lifted their target price on Envestnet from $56.00 to $64.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 8th. One investment 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. Based on data from MarketBeat, Envestnet currently has an average rating of “Hold” and an average target price of $61.88.

Envestnet Price Performance

Shares of NYSE ENV opened at $62.00 on Friday. The company has a market cap of $3.42 billion, a PE ratio of -17.41 and a beta of 1.28. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.47. Envestnet, Inc. has a twelve month low of $33.12 and a twelve month high of $73.04. The business’s 50 day moving average price is $63.38 and its two-hundred day moving average price is $58.56.

Envestnet (NYSE:ENV) last announced its earnings results on Tuesday, May 7th. The business services provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $324.95 million for the quarter, compared to analyst estimates of $324.85 million. Envestnet had a positive return on equity of 14.75% and a negative net margin of 15.33%. On average, analysts predict that Envestnet, Inc. will post 1.79 EPS for the current year.

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.