Janus Henderson Group PLC Has $16.18 Million Stake in Envestnet, Inc. (NYSE:ENV)

Janus Henderson Group PLC lessened its position in Envestnet, Inc. (NYSE:ENV) by 78.7% in the third quarter, Holdings Channel.com reports. The firm owned 258,415 shares of the business services provider’s stock after selling 957,216 shares during the quarter. Janus Henderson Group PLC’s holdings in Envestnet were worth $16,179,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Envestnet by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,039,402 shares of the business services provider’s stock valued at $65,057,000 after buying an additional 73,751 shares during the period. Geneva Capital Management LLC increased its position in Envestnet by 0.5% in the 3rd quarter. Geneva Capital Management LLC now owns 863,398 shares of the business services provider’s stock valued at $54,066,000 after acquiring an additional 4,042 shares during the period. Westchester Capital Management LLC acquired a new position in Envestnet in the 3rd quarter valued at approximately $45,746,000. Engaged Capital LLC raised its stake in shares of Envestnet by 479.8% during the second quarter. Engaged Capital LLC now owns 692,483 shares of the business services provider’s stock valued at $43,343,000 after acquiring an additional 573,049 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Envestnet by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 554,309 shares of the business services provider’s stock worth $34,711,000 after purchasing an additional 7,607 shares during the period.

Envestnet Price Performance

Shares of NYSE:ENV opened at $63.14 on Friday. Envestnet, Inc. has a 1 year low of $36.43 and a 1 year 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 business’s 50-day moving average is $62.87 and its 200-day moving average is $62.87. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of -13.24 and a beta of 1.25.

Analyst Ratings Changes

ENV has been the subject of several analyst reports. DA Davidson reaffirmed a “neutral” rating and set a $63.00 target price on shares of Envestnet in a research report on Wednesday, September 18th. StockNews.com initiated coverage on Envestnet in a research report on Friday. They set a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.