DF Dent & Co. Inc. Sells 34,667 Shares of Envestnet, Inc (ENV)

DF Dent & Co. Inc. lessened its holdings in Envestnet, Inc (NYSE:ENV) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,474,175 shares of the business services provider’s stock after selling 34,667 shares during the quarter. DF Dent & Co. Inc. owned 3.35% of Envestnet worth $58,377,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC boosted its position in shares of Envestnet by 559.6% in the second quarter. Janus Henderson Group PLC now owns 4,017,706 shares of the business services provider’s stock valued at $159,101,000 after acquiring an additional 3,408,580 shares during the period. Vanguard Group Inc. boosted its position in shares of Envestnet by 5.8% in the second quarter. Vanguard Group Inc. now owns 3,454,623 shares of the business services provider’s stock valued at $136,803,000 after acquiring an additional 188,892 shares during the period. BlackRock Inc. boosted its position in shares of Envestnet by 3.1% in the second quarter. BlackRock Inc. now owns 2,662,809 shares of the business services provider’s stock valued at $105,446,000 after acquiring an additional 81,056 shares during the period. Van Berkom & Associates Inc. boosted its position in shares of Envestnet by 8.8% in the second quarter. Van Berkom & Associates Inc. now owns 1,653,145 shares of the business services provider’s stock valued at $65,465,000 after acquiring an additional 133,303 shares during the period. Finally, Champlain Investment Partners LLC boosted its position in shares of Envestnet by 10.7% in the first quarter. Champlain Investment Partners LLC now owns 972,915 shares of the business services provider’s stock valued at $31,425,000 after acquiring an additional 94,235 shares during the period. 95.51% of the stock is owned by institutional investors.

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In other news, insider Anil Arora sold 8,980 shares of Envestnet stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $40.00, for a total transaction of $359,200.00. Following the completion of the sale, the insider now owns 68,609 shares in the company, valued at approximately $2,744,360. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Shelly O’brien sold 2,000 shares of Envestnet stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $49.96, for a total value of $99,920.00. Following the sale, the insider now owns 15,292 shares of the company’s stock, valued at approximately $763,988.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,944 shares of company stock valued at $1,933,230. Corporate insiders own 5.58% of the company’s stock.

Envestnet, Inc (NYSE ENV) traded down 0.28% on Tuesday, reaching $54.10. The company had a trading volume of 61,877 shares. The stock’s market capitalization is $2.38 billion. Envestnet, Inc has a 12-month low of $30.80 and a 12-month high of $54.90. The stock’s 50-day moving average price is $47.27 and its 200-day moving average price is $39.63.

Envestnet (NYSE:ENV) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The business had revenue of $167.50 million for the quarter, compared to the consensus estimate of $164.04 million. Envestnet had a negative net margin of 8.93% and a positive return on equity of 7.78%. The business’s revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. On average, equities research analysts anticipate that Envestnet, Inc will post $1.29 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on ENV shares. DA Davidson started coverage on shares of Envestnet in a research report on Thursday, July 6th. They issued a “neutral” rating and a $42.00 target price for the company. Zacks Investment Research raised Envestnet from a “strong sell” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Tuesday, July 11th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $48.00 price target on shares of Envestnet in a research note on Friday, July 14th. BidaskClub raised Envestnet from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, William Blair reaffirmed a “buy” rating on shares of Envestnet in a research note on Wednesday, June 28th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Envestnet currently has an average rating of “Buy” and an average target price of $50.00.

About Envestnet

Envestnet, Inc is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s segments are Envestnet and Envestnet Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions.

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Institutional Ownership by Quarter for Envestnet (NYSE:ENV)

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