Athos Capital Ltd Purchases Shares of 50,000 Envestnet, Inc. (NYSE:ENV)

Athos Capital Ltd acquired a new position in shares of Envestnet, Inc. (NYSE:ENV) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 50,000 shares of the business services provider’s stock, valued at approximately $3,131,000. Envestnet comprises approximately 1.0% of Athos Capital Ltd’s portfolio, making the stock its 12th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in shares of Envestnet in the 2nd quarter valued at $46,000. Longfellow Investment Management Co. LLC bought a new position in shares of Envestnet in the 3rd quarter worth about $71,000. Quest Partners LLC boosted its position in shares of Envestnet by 6,220.8% during the 2nd quarter. Quest Partners LLC now owns 1,517 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 1,493 shares in the last quarter. SG Americas Securities LLC grew its stake in Envestnet by 54.2% during the third quarter. SG Americas Securities LLC now owns 2,687 shares of the business services provider’s stock worth $168,000 after purchasing an additional 945 shares during the period. Finally, Federated Hermes Inc. lifted its stake in Envestnet by 80.0% in the second quarter. Federated Hermes Inc. now owns 2,700 shares of the business services provider’s stock valued at $169,000 after buying an additional 1,200 shares during the period.

Envestnet Trading Up 0.1 %

NYSE ENV opened at $63.14 on Monday. 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 P/E ratio of -13.24 and a beta of 1.25. The business has a fifty day simple moving average of $62.81 and a 200 day simple moving average of $62.99. Envestnet, Inc. has a 12 month low of $36.43 and a 12 month high of $73.04.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. DA Davidson restated a “neutral” rating and issued a $63.00 price target on shares of Envestnet in a report on Wednesday, September 18th. StockNews.com began coverage on Envestnet in a research report on Thursday. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.