Df Dent & Co Has Decreased Its Holding in Envestnet (ENV) by $8.03 Million; Arrow Electrs Com (ARW) Share Value Declined While Canada Pension Plan Investment Board Has Cut Stake by $2.90 Million

May 4, 2018 - By Clifton Ray

Envestnet, Inc. (NYSE:ENV) Logo

Df Dent & Co Inc decreased its stake in Envestnet Inc (ENV) by 12.4% based on its latest 2017Q4 regulatory filing with the SEC. Df Dent & Co Inc sold 163,783 shares as the company’s stock rose 11.35% while stock markets declined. The institutional investor held 1.16 million shares of the miscellaneous company at the end of 2017Q4, valued at $57.66 million, down from 1.32 million at the end of the previous reported quarter. Df Dent & Co Inc who had been investing in Envestnet Inc for a number of months, seems to be less bullish one the $2.55B market cap company. The stock decreased 1.23% or $0.7 during the last trading session, reaching $56.15. About 157,927 shares traded. Envestnet, Inc. (NYSE:ENV) has risen 84.10% since May 4, 2017 and is uptrending. It has outperformed by 72.55% the S&P500.

Canada Pension Plan Investment Board decreased its stake in Arrow Electrs Inc Com (ARW) by 41.85% based on its latest 2017Q4 regulatory filing with the SEC. Canada Pension Plan Investment Board sold 36,200 shares as the company’s stock declined 5.76% with the market. The institutional investor held 50,304 shares of the consumer non-durables company at the end of 2017Q4, valued at $4.05 million, down from 86,504 at the end of the previous reported quarter. Canada Pension Plan Investment Board who had been investing in Arrow Electrs Inc Com for a number of months, seems to be less bullish one the $6.45 billion market cap company. The stock decreased 2.32% or $1.75 during the last trading session, reaching $73.65. About 720,500 shares traded or 36.16% up from the average. Arrow Electronics, Inc. (NYSE:ARW) has risen 4.15% since May 4, 2017 and is uptrending. It has underperformed by 7.40% the S&P500.

More recent Arrow Electronics, Inc. (NYSE:ARW) news were published by: Benzinga.com which released: “Earnings Scheduled For May 3, 2018” on May 03, 2018. Also Businesswire.com published the news titled: “Arrow Electronics Reports First-Quarter 2018 Results” on May 03, 2018. Globenewswire.com‘s news article titled: “Consolidated Research: 2018 Summary Expectations for Keane Group, Spirit Airlines, Farmland Partners, Arrow …” with publication date: April 20, 2018 was also an interesting one.

Canada Pension Plan Investment Board, which manages about $53.19 billion US Long portfolio, upped its stake in Ggp Inc Com by 1.20 million shares to 1.22M shares, valued at $28.51M in 2017Q4, according to the filing. It also increased its holding in Sl Green Rlty Corp Com (NYSE:SLG) by 463,300 shares in the quarter, for a total of 480,911 shares, and has risen its stake in Dish Network Corp Cl A (NASDAQ:DISH).

Among 12 analysts covering Arrow Electronics Inc. (NYSE:ARW), 8 have Buy rating, 1 Sell and 3 Hold. Therefore 67% are positive. Arrow Electronics Inc. had 20 analyst reports since July 29, 2015 according to SRatingsIntel. Raymond James upgraded the shares of ARW in report on Monday, February 12 to “Buy” rating. The rating was maintained by Stifel Nicolaus on Sunday, September 10 with “Buy”. As per Wednesday, April 27, the company rating was initiated by Bank of America. The stock of Arrow Electronics, Inc. (NYSE:ARW) earned “Buy” rating by Stifel Nicolaus on Wednesday, October 4. The firm earned “Buy” rating on Monday, March 14 by Goldman Sachs. CLSA upgraded the shares of ARW in report on Wednesday, July 29 to “Buy” rating. The firm has “Buy” rating by Credit Agricole given on Wednesday, July 29. Suntrust Robinson downgraded the shares of ARW in report on Tuesday, January 3 to “Hold” rating. Citigroup downgraded the stock to “Sell” rating in Monday, May 2 report. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, January 18.

Since February 22, 2018, it had 0 insider purchases, and 4 selling transactions for $4.90 million activity. $258,250 worth of stock was sold by Melvin Vincent P on Wednesday, February 28. 50,988 shares were sold by LONG MICHAEL J, worth $4.23M on Tuesday, February 27.

Investors sentiment increased to 1.17 in 2017 Q4. Its up 0.02, from 1.15 in 2017Q3. It increased, as 28 investors sold ARW shares while 110 reduced holdings. 48 funds opened positions while 114 raised stakes. 80.48 million shares or 0.40% more from 80.16 million shares in 2017Q3 were reported. Profund Limited Co accumulated 10,534 shares. Amalgamated Bancshares holds 0.04% of its portfolio in Arrow Electronics, Inc. (NYSE:ARW) for 17,879 shares. Shelton Capital accumulated 6,784 shares. Paloma Prns Mgmt holds 6,583 shares or 0.01% of its portfolio. Stratos Wealth Partners Limited reported 0% of its portfolio in Arrow Electronics, Inc. (NYSE:ARW). Loring Wolcott And Coolidge Fiduciary Advsr Llp Ma invested in 0% or 18 shares. Asset One holds 0.03% of its portfolio in Arrow Electronics, Inc. (NYSE:ARW) for 146,964 shares. Deutsche Natl Bank Ag accumulated 194,792 shares. Westpac Banking reported 4,604 shares stake. Brown Brothers Harriman And stated it has 0% in Arrow Electronics, Inc. (NYSE:ARW). State Teachers Retirement System has invested 0.03% in Arrow Electronics, Inc. (NYSE:ARW). Nebraska-based Cwm Limited Co has invested 0% in Arrow Electronics, Inc. (NYSE:ARW). First Citizens Bancorp holds 4,323 shares. Gotham Asset Mngmt Limited Liability Corp invested in 6,688 shares or 0.01% of the stock. Clarivest Asset Mgmt Limited Liability Corp holds 0.01% or 4,118 shares.

Since December 8, 2017, it had 1 buying transaction, and 20 sales for $7.56 million activity. Another trade for 29,780 shares valued at $1.49 million was made by D’Arrigo Peter on Friday, December 8. Mayer Joshua also sold $99,500 worth of Envestnet, Inc. (NYSE:ENV) shares. CROWELL GAYLE A also sold $39,687 worth of Envestnet, Inc. (NYSE:ENV) shares. 271 Envestnet, Inc. (NYSE:ENV) shares with value of $15,595 were bought by Roame Charles. 40,000 shares were sold by Grinis Scott D, worth $2.39M. 3,000 shares were sold by O’Brien Shelly, worth $150,000.

Investors sentiment decreased to 1.73 in 2017 Q4. Its down 0.53, from 2.26 in 2017Q3. It turned negative, as 13 investors sold ENV shares while 46 reduced holdings. 43 funds opened positions while 59 raised stakes. 40.01 million shares or 0.71% less from 40.29 million shares in 2017Q3 were reported. Millennium Mgmt reported 260,154 shares stake. Bogle Invest Mgmt LP De owns 0.09% invested in Envestnet, Inc. (NYSE:ENV) for 24,520 shares. Glenmede Trust Na stated it has 3,133 shares or 0% of all its holdings. Parallax Volatility Advisers Ltd Partnership accumulated 6,594 shares. First Trust Advisors Limited Partnership stated it has 59,889 shares or 0.01% of all its holdings. Legal General Plc holds 0% of its portfolio in Envestnet, Inc. (NYSE:ENV) for 19,963 shares. Employees Retirement Sys Of Texas reported 36,000 shares or 0.02% of all its holdings. Cwm Lc holds 0% or 162 shares in its portfolio. State Board Of Administration Of Florida Retirement holds 25,092 shares or 0% of its portfolio. Barclays Pcl holds 6,925 shares. Paloma Partners Mngmt reported 27,354 shares. Fincl holds 429 shares or 0.01% of its portfolio. Northwestern Mutual Wealth Mgmt has invested 0% of its portfolio in Envestnet, Inc. (NYSE:ENV). Loomis Sayles & Com Ltd Partnership reported 516,031 shares. Natixis holds 20,483 shares or 0.01% of its portfolio.

Among 12 analysts covering Envestnet (NYSE:ENV), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. Envestnet had 30 analyst reports since August 11, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Friday, February 23 by Sandler O’Neill. RBC Capital Markets maintained it with “Hold” rating and $4200 target in Wednesday, August 9 report. RBC Capital Markets maintained Envestnet, Inc. (NYSE:ENV) on Thursday, January 4 with “Hold” rating. As per Tuesday, November 8, the company rating was maintained by Stifel Nicolaus. The stock has “Hold” rating by RBC Capital Markets on Wednesday, July 12. The stock has “Outperform” rating by Northland Capital on Tuesday, November 10. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, September 25. The stock has “Buy” rating by Jefferies on Thursday, March 24. Northland Capital maintained Envestnet, Inc. (NYSE:ENV) on Tuesday, August 11 with “Outperform” rating. The firm has “Outperform” rating given on Friday, February 26 by Northland Capital.

More news for Envestnet, Inc. (NYSE:ENV) were recently published by: Seekingalpha.com, which released: “Envestnet: Avoid” on April 17, 2018. Businesswire.com‘s article titled: “Envestnet to Announce First Quarter 2018 Results on May 9, 2018” and published on April 25, 2018 is yet another important article.

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

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