2 weeks Ago By Defense World Staff
Shares of Envestnet, Inc. ( NYSE:ENV – Get Free Report ) have been given a consensus recommendation of “Hold” by the eight analysts that are covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company.
The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $61.88. A number of research analysts have recently commented on ENV shares.
Raymond James lowered Envestnet from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 17th. StockNews.com started coverage on shares of Envestnet in a report on Tuesday.
They issued a “sell” rating for the company. DA Davidson restated a “neutral” rating and issued a $63.00 price target on shares of Envestnet in a research report on Wednesday, September 18th.
Finally, UBS Group reaffirmed a “neutral” rating and set a $63.15 price objective (down previously from $75.00) on shares of Envestnet in a research report on Tuesday, July 16th.
Read Our Latest Report on Envestnet Envestnet Price Performance Institutional Inflows and Outflows Several hedge funds have recently added to or reduced their stakes in ENV. Price T Rowe Associates Inc. MD raised its stake in Envestnet by 45.
0% during the first quarter. Price T Rowe Associates Inc. MD now owns 154,843 shares of the business services provider’s stock worth $8,968,000 after acquiring an additional 48,057 shares in the last quarter.
UniSuper Management Pty Ltd acquired a new stake in shares of Envestnet during the 1st quarter worth about $762,000. Natixis Advisors LLC bought a new position in Envestnet during the 2nd quarter valued at about $718,000. Dimensional Fund Advisors LP boosted its position in 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 in the last quarter. Finally, ClariVest Asset Management LLC bought a new stake in Envestnet during the second quarter worth about $2,482,000.
About Envestnet ( Get Free Report 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.
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