As Envestnet INC Com (ENV) Share Value Rose, Oak Ridge Investments LLC Upped Position

October 13, 2018 - By Vivian Park

Envestnet, Inc. (NYSE:ENV) LogoInvestors sentiment increased to 1.77 in 2018 Q2. Its up 0.41, from 1.36 in 2018Q1. It increased, as 20 investors sold ENV shares while 40 reduced holdings. 39 funds opened positions while 67 raised stakes. 42.61 million shares or 5.70% more from 40.31 million shares in 2018Q1 were reported. Clarivest Asset Management Ltd Liability Corp stated it has 0.08% in Envestnet, Inc. (NYSE:ENV). Oregon-based Tygh Inc has invested 0.73% in Envestnet, Inc. (NYSE:ENV). Cortina Asset Mngmt holds 71,413 shares. Dupont Cap Mngmt Corp reported 11,201 shares. Pdts Prns Ltd Llc holds 90,984 shares. Pittenger And Anderson reported 0% in Envestnet, Inc. (NYSE:ENV). Virginia Retirement Et Al reported 40,700 shares. Ameritas Invest Prtnrs holds 0.01% or 3,782 shares in its portfolio. Credit Agricole S A has invested 0.06% in Envestnet, Inc. (NYSE:ENV). Employees Retirement Of Texas has invested 0.05% of its portfolio in Envestnet, Inc. (NYSE:ENV). Proshare Advisors Limited Liability has 0% invested in Envestnet, Inc. (NYSE:ENV). 309,539 were accumulated by Ashford Cap Management. Blackrock holds 3.15M shares or 0.01% of its portfolio. Price T Rowe Md stated it has 1.03 million shares. California State Teachers Retirement holds 0.01% of its portfolio in Envestnet, Inc. (NYSE:ENV) for 67,625 shares.

Since May 21, 2018, it had 0 buys, and 13 selling transactions for $3.78 million activity. O’Brien Shelly sold $219,240 worth of stock. CROWELL GAYLE A had sold 2,934 shares worth $159,463 on Tuesday, May 29. The insider Mayer Joshua sold $320,857. Roame Charles also sold $470,256 worth of Envestnet, Inc. (NYSE:ENV) shares. On Wednesday, August 22 Bergman Judson sold $1.48M worth of Envestnet, Inc. (NYSE:ENV) or 25,000 shares.

Oak Ridge Investments Llc increased its stake in Envestnet Inc Com (ENV) by 22.07% based on its latest 2018Q2 regulatory filing with the SEC. Oak Ridge Investments Llc bought 61,746 shares as the company’s stock rose 11.47% with the market. The institutional investor held 341,535 shares of the miscellaneous company at the end of 2018Q2, valued at $18.77M, up from 279,789 at the end of the previous reported quarter. Oak Ridge Investments Llc who had been investing in Envestnet Inc Com for a number of months, seems to be bullish on the $2.55 billion market cap company. The stock increased 0.48% or $0.27 during the last trading session, reaching $56.12. About 246,221 shares traded. Envestnet, Inc. (NYSE:ENV) has risen 37.28% since October 13, 2017 and is uptrending. It has outperformed by 21.66% the S&P500.

Oak Ridge Investments Llc, which manages about $4.04B and $1.76B US Long portfolio, decreased its stake in Sage Therapeutics Inc (NASDAQ:SAGE) by 19,831 shares to 259,828 shares, valued at $40.67 million in 2018Q2, according to the filing. It also reduced its holding in Abiomed Inc Com (NASDAQ:ABMD) by 29,151 shares in the quarter, leaving it with 51,799 shares, and cut its stake in Ollies Bargain Outlt Hldgs Inc.

Envestnet, Inc. (NYSE:ENV) Ratings Coverage

Among 2 analysts covering Envestnet (NYSE:ENV), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Envestnet had 2 analyst reports since July 12, 2018 according to SRatingsIntel. UBS maintained it with “Buy” rating and $68 target in Friday, August 10 report.

Envestnet, Inc. (NYSE:ENV) Institutional Positions Chart

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