Summit Creek Advisors LLC Lifted Position in Envestnet INC (ENV) by $6.02 Million

October 13, 2017 - By Ellis Scott

Investors sentiment decreased to 1.45 in Q2 2017. Its down 0.05, from 1.5 in 2017Q1. It dropped, 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. Bamco holds 0.03% or 133,925 shares in its portfolio. Voya Invest Mngmt Limited Liability holds 19,284 shares. Bancshares Of America De accumulated 22,270 shares. Cwm Lc accumulated 162 shares. Blackrock Inc stated it has 2.66 million shares or 0.01% of all its holdings. First Mercantile owns 0.08% invested in Envestnet Inc (NYSE:ENV) for 11,161 shares. California Pub Employees Retirement System holds 0% of its portfolio in Envestnet Inc (NYSE:ENV) for 34,906 shares. 1,193 are held by Zurcher Kantonalbank (Zurich Cantonalbank). Benjamin F Edwards And Co Inc holds 0% or 175 shares. Invesco Ltd holds 52,620 shares or 0% of its portfolio. 324 were reported by Creative Planning. Stephens Inv Mgmt Grp Inc Limited Liability Company owns 1.35M shares. Geode Cap Ltd Liability Corp reported 0.01% in Envestnet Inc (NYSE:ENV). Hightower Advisors Ltd Limited Liability Company reported 78,547 shares. Renaissance Technology invested 0% in Envestnet Inc (NYSE:ENV).

Since May 2, 2017, it had 3 insider buys, and 1 insider sale for $75,580 activity. Shares for $69,700 were sold by O’Brien Shelly. CROWELL GAYLE A also bought $83,925 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 $13.51M, 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 $2.37 billion 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 $971.18M and $485.54 million US Long portfolio, decreased its stake in Five Below Inc. (NASDAQ:FIVE) by 84,263 shares to 233,380 shares, valued at $11.52 million in 2017Q2, according to the filing. It also reduced its holding in Healthcare Services Group Inc. (NASDAQ:HCSG) by 111,542 shares in the quarter, leaving it with 207,795 shares, and cut its stake in Maximus Inc (NYSE:MMS).

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. RBC Capital Markets maintained the stock with “Hold” rating in Wednesday, August 9 report. The company was maintained on Tuesday, September 26 by Jefferies. UBS maintained Envestnet Inc (NYSE:ENV) on Monday, October 9 with “Buy” rating. The company was upgraded on Thursday, June 2 by UBS. The rating was maintained by Northland Capital with “Outperform” on Tuesday, November 10. The stock of Envestnet Inc (NYSE:ENV) earned “Outperform” rating by Northland Capital on Tuesday, August 11. The firm has “Outperform” rating given on Tuesday, August 11 by Avondale. The rating was maintained by UBS on Tuesday, August 15 with “Buy”. The rating was maintained by Raymond James with “Buy” on Wednesday, August 9. The firm earned “Buy” rating on Wednesday, June 28 by William Blair.

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