Summit Creek Advisors LLC Increased Envestnet INC (ENV) Stake

October 13, 2017 - By Darrin Black

Investors sentiment decreased to 1.45 in Q2 2017. Its down 0.05, from 1.5 in 2017Q1. It fall, as 22 investors sold ENV shares while 31 reduced holdings. 17 funds opened positions while 60 raised stakes. 40.38 million shares or 3.10% less from 41.67 million shares in 2017Q1 were reported. The Maryland-based Price T Rowe Assocs Md has invested 0.01% in Envestnet Inc (NYSE:ENV). Moreover, Front Barnett Assoc Limited Liability has 0.06% invested in Envestnet Inc (NYSE:ENV). Invesco Ltd reported 52,620 shares. Df Dent & Incorporated reported 1.47 million shares. King Luther Cap Mngmt Corporation reported 112,786 shares stake. Parametric Assocs Limited has invested 0% in Envestnet Inc (NYSE:ENV). Cramer Rosenthal Mcglynn Ltd Llc reported 476,550 shares. National Bank & Trust Of America De invested in 0% or 22,270 shares. Moreover, Vanguard Grp has 0.01% invested in Envestnet Inc (NYSE:ENV). Wasatch Advsr Inc stated it has 1.1% in Envestnet Inc (NYSE:ENV). Moreover, Credit Suisse Ag has 0% invested in Envestnet Inc (NYSE:ENV). 685,283 were reported by Oak Ridge Investments Lc. Rhumbline Advisers reported 0% of its portfolio in Envestnet Inc (NYSE:ENV). Ent Svcs invested in 429 shares or 0.01% of the stock. Schwab Charles Management has invested 0.01% in Envestnet Inc (NYSE:ENV).

Since May 2, 2017, it had 3 insider buys, and 1 insider sale for $75,580 activity. The insider CROWELL GAYLE A bought 2,238 shares worth $83,925. O’Brien Shelly also sold $69,700 worth of Envestnet Inc (NYSE:ENV) shares.

Summit Creek Advisors Llc increased its stake in Envestnet Inc. (ENV) by 82.55% based on its latest 2017Q2 regulatory filing with the SEC. Summit Creek Advisors Llc bought 154,324 shares as the company’s stock declined 8.49% while stock markets rallied. The institutional investor held 341,273 shares of the miscellaneous company at the end of 2017Q2, valued at $13.51 million, up from 186,949 at the end of the previous reported quarter. Summit Creek Advisors Llc who had been investing in Envestnet Inc. for a number of months, seems to be bullish on the $2.37B market cap company. The stock decreased 0.28% or $0.15 during the last trading session, reaching $53.8. About 197,798 shares traded. Envestnet Inc (NYSE:ENV) has risen 12.71% since October 13, 2016 and is uptrending. It has underperformed by 3.99% the S&P500.

Summit Creek Advisors Llc, which manages about $971.18 million and $485.54M US Long portfolio, decreased its stake in Costar Group Inc (NASDAQ:CSGP) by 22,121 shares to 43,479 shares, valued at $11.46 million in 2017Q2, according to the filing. It also reduced its holding in Balchem (NASDAQ:BCPC) by 52,637 shares in the quarter, leaving it with 94,980 shares, and cut its stake in Lendingtree Inc. (NASDAQ:TREE).

More recent Envestnet Inc (NYSE:ENV) news were published by: Investmentnews.com which released: “Envestnet to buy FolioDynamix” on September 25, 2017. Also Twst.com published the news titled: “Envestnet Inc.: Envestnet to Acquire FolioDynamix” on September 25, 2017. Seekingalpha.com‘s news article titled: “Envestnet: Still Purchasing, And Plenty Of Punch” with publication date: October 03, 2017 was also an interesting one.

Envestnet Inc (NYSE:ENV) Ratings Coverage

Among 10 analysts covering Envestnet (NYSE:ENV), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Envestnet had 22 analyst reports since August 11, 2015 according to SRatingsIntel. Jefferies initiated Envestnet Inc (NYSE:ENV) rating on Thursday, March 24. Jefferies has “Buy” rating and $48 target. The firm earned “Buy” rating on Wednesday, August 9 by Raymond James. UBS maintained the shares of ENV in report on Tuesday, August 15 with “Buy” rating. Northland Capital maintained Envestnet Inc (NYSE:ENV) on Tuesday, November 10 with “Outperform” rating. The rating was maintained by Stifel Nicolaus on Tuesday, November 8 with “Buy”. The stock of Envestnet Inc (NYSE:ENV) earned “Buy” rating by Stifel Nicolaus on Tuesday, September 26. RBC Capital Markets maintained it with “Sector Perform” rating and $40 target in Friday, September 25 report. Northland Capital maintained Envestnet Inc (NYSE:ENV) on Friday, February 26 with “Outperform” rating. The stock of Envestnet Inc (NYSE:ENV) earned “Buy” rating by Stifel Nicolaus on Wednesday, August 9. The company was maintained on Sunday, September 10 by RBC Capital Markets.

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