Charles Schwab Investment Management Inc. Has $34.71 Million Holdings in Envestnet, Inc. (NYSE:ENV)

Charles Schwab Investment Management Inc. boosted its position in Envestnet, Inc. (NYSE:ENV) by 1.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 554,309 shares of the business services provider’s stock after purchasing an additional 7,607 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Envestnet were worth $34,711,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Intech Investment Management LLC bought a new stake in Envestnet in the third quarter worth approximately $1,009,000. Alpine Associates Management Inc. bought a new stake in shares of Envestnet in the 3rd quarter valued at $25,205,000. LMR Partners LLP acquired a new position in shares of Envestnet during the 3rd quarter valued at $643,000. Quest Partners LLC boosted its stake in Envestnet by 2,100.6% during the third quarter. Quest Partners LLC now owns 33,383 shares of the business services provider’s stock worth $2,090,000 after acquiring an additional 31,866 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new stake in Envestnet in the third quarter worth $8,472,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ENV. StockNews.com began coverage on shares of Envestnet in a research report on Thursday, November 28th. They set a “sell” rating on the stock. DA Davidson reiterated a “neutral” rating and issued a $63.00 price target on shares of Envestnet in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.88.

Envestnet Stock Performance

ENV opened at $63.14 on Wednesday. The firm has a market capitalization of $3.49 billion, a PE ratio of -13.24 and a beta of 1.25. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.59 and a quick ratio of 0.59. Envestnet, Inc. has a fifty-two week low of $36.43 and a fifty-two week high of $73.04. The company’s 50-day moving average is $62.84 and its 200 day moving average is $62.93.

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.