Boussard & Gavaudan Investment Management LLP Purchases New Holdings in Envestnet, Inc. (NYSE:ENV)

Boussard & Gavaudan Investment Management LLP bought a new position in Envestnet, Inc. (NYSE:ENV) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 88,628 shares of the business services provider’s stock, valued at approximately $5,546,000. Boussard & Gavaudan Investment Management LLP owned about 0.16% of Envestnet as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the company. Quantbot Technologies LP purchased a new position in Envestnet in the third quarter worth about $2,281,000. Longfellow Investment Management Co. LLC purchased a new position in Envestnet in the third quarter worth about $71,000. Algert Global LLC raised its holdings in Envestnet by 455.4% in the third quarter. Algert Global LLC now owns 23,071 shares of the business services provider’s stock worth $1,445,000 after buying an additional 18,917 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Envestnet by 1.4% in 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 buying an additional 7,607 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Envestnet in the third quarter worth approximately $1,009,000.

Envestnet Stock Performance

Shares of NYSE ENV opened at $63.14 on Thursday. The firm has a 50 day moving average of $62.80 and a 200 day moving average of $63.06. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of -13.24 and a beta of 1.25. Envestnet, Inc. has a 12-month low of $36.43 and a 12-month high of $73.04.

Analysts Set New Price Targets

ENV has been the subject of a number of research analyst reports. StockNews.com initiated coverage on shares of Envestnet in a research note on Thursday. They issued a “sell” rating for the company. DA Davidson reiterated a “neutral” rating and issued a $63.00 price target on shares of Envestnet in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $61.88.

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.