XTX Topco Ltd Raises Holdings in Envestnet, Inc. (NYSE:ENV)

XTX Topco Ltd lifted its stake in Envestnet, Inc. (NYSE:ENV) by 337.4% during the third quarter, Holdings Channel reports. The institutional investor owned 23,108 shares of the business services provider’s stock after acquiring an additional 17,825 shares during the quarter. XTX Topco Ltd’s holdings in Envestnet were worth $1,447,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Arizona State Retirement System boosted its stake in shares of Envestnet by 2.5% in the second quarter. Arizona State Retirement System now owns 11,552 shares of the business services provider’s stock worth $723,000 after buying an additional 286 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Envestnet by 8.2% during the third quarter. Farther Finance Advisors LLC now owns 5,803 shares of the business services provider’s stock worth $363,000 after purchasing an additional 439 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Envestnet by 2.4% during the second quarter. Louisiana State Employees Retirement System now owns 25,200 shares of the business services provider’s stock worth $1,577,000 after purchasing an additional 600 shares in the last quarter. Benjamin Edwards Inc. boosted its position in Envestnet by 9.2% during the second quarter. Benjamin Edwards Inc. now owns 7,781 shares of the business services provider’s stock worth $487,000 after purchasing an additional 658 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Envestnet in the second quarter valued at approximately $46,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ENV shares. StockNews.com began coverage on Envestnet in a research report on Friday. They set a “sell” rating on the stock. DA Davidson reiterated a “neutral” rating and issued a $63.00 target price on shares of Envestnet in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $61.88.

Envestnet Price Performance

Envestnet stock opened at $63.14 on Monday. The company has a fifty day simple moving average of $62.87 and a 200-day simple moving average of $62.85. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of -13.24 and a beta of 1.25. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.07. Envestnet, Inc. has a 52-week low of $36.43 and a 52-week high of $73.04.

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.