Ashford Capital Management Boosted Its Holding in Envestnet (ENV) by $3.87 Million; International Business Machine (IBM) Holder Vestor Capital Has Trimmed Its Stake as Market Value Declined

April 19, 2018 - By Henry Gaston

Vestor Capital Llc decreased its stake in International Business Machine (IBM) by 58.51% based on its latest 2017Q4 regulatory filing with the SEC. Vestor Capital Llc sold 23,845 shares as the company’s stock declined 0.39% with the market. The institutional investor held 16,906 shares of the computer manufacturing company at the end of 2017Q4, valued at $2.59 million, down from 40,751 at the end of the previous reported quarter. Vestor Capital Llc who had been investing in International Business Machine for a number of months, seems to be less bullish one the $135.71 billion market cap company. The stock decreased 0.99% or $1.465 during the last trading session, reaching $147.325. About 6.49M shares traded or 19.92% up from the average. International Business Machines Corporation (NYSE:IBM) has declined 12.58% since April 19, 2017 and is downtrending. It has underperformed by 24.13% the S&P500.

Ashford Capital Management Inc increased its stake in Envestnet Inc (ENV) by 32.67% based on its latest 2017Q4 regulatory filing with the SEC. Ashford Capital Management Inc bought 78,882 shares as the company’s stock rose 11.35% while stock markets declined. The hedge fund held 320,340 shares of the miscellaneous company at the end of 2017Q4, valued at $15.97 million, up from 241,458 at the end of the previous reported quarter. Ashford Capital Management Inc who had been investing in Envestnet Inc for a number of months, seems to be bullish on the $2.52B market cap company. The stock increased 0.27% or $0.15 during the last trading session, reaching $55.45. About 67,001 shares traded. Envestnet, Inc. (NYSE:ENV) has risen 84.10% since April 19, 2017 and is uptrending. It has outperformed by 72.55% the S&P500.

Since October 27, 2017, it had 1 buying transaction, and 22 insider sales for $7.99 million activity. CROWELL GAYLE A sold $40,918 worth of stock. 3,000 shares valued at $160,440 were sold by O’Brien Shelly on Friday, October 27. On Tuesday, February 27 the insider Roame Charles bought $15,595. Shares for $2.39M were sold by Grinis Scott D on Thursday, March 22. Mayer Joshua had sold 6,743 shares worth $390,285. Crager William also sold $266,550 worth of Envestnet, Inc. (NYSE:ENV) shares.

Investors sentiment decreased to 1.73 in 2017 Q4. Its down 0.53, from 2.26 in 2017Q3. It dropped, 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. Benjamin F Edwards Company Incorporated reported 0% stake. Driehaus Limited Liability Com stated it has 39,513 shares or 0.07% of all its holdings. Tiverton Asset accumulated 58,184 shares or 0.18% of the stock. Brown Advisory owns 587,838 shares. Victory Capital Management reported 597,290 shares. California Public Employees Retirement System reported 39,567 shares. California State Teachers Retirement Sys owns 67,923 shares or 0.01% of their US portfolio. Captrust Fincl Advsr stated it has 0% in Envestnet, Inc. (NYSE:ENV). Geode Mgmt Lc holds 0.01% or 361,712 shares. Capital Financial Advisers Limited Liability invested in 0% or 4,097 shares. Summit Creek Advsr Limited Liability Company accumulated 257,091 shares. Bancshares Of Montreal Can invested in 0% or 352 shares. Goldman Sachs Gp, a New York-based fund reported 221,805 shares. Cornercap Counsel reported 15,015 shares or 0.1% of all its holdings. Us National Bank De holds 8,467 shares or 0% of its portfolio.

Ashford Capital Management Inc, which manages about $593.71M and $642.54M US Long portfolio, decreased its stake in Ishares Core U.S. Aggregate Bond Fund (AGG) by 9,329 shares to 8,356 shares, valued at $914,000 in 2017Q4, according to the filing. It also reduced its holding in Marketaxess Holdings Inc (NASDAQ:MKTX) by 1,600 shares in the quarter, leaving it with 76,626 shares, and cut its stake in Viasat Inc. (NASDAQ:VSAT).

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. Stifel Nicolaus maintained Envestnet, Inc. (NYSE:ENV) on Thursday, November 9 with “Buy” rating. The stock of Envestnet, Inc. (NYSE:ENV) has “Sector Perform” rating given on Friday, September 25 by RBC Capital Markets. The firm has “Hold” rating by Sandler O’Neill given on Tuesday, April 10. The stock of Envestnet, Inc. (NYSE:ENV) earned “Buy” rating by Jefferies on Tuesday, September 26. The company was maintained on Sunday, September 10 by RBC Capital Markets. UBS maintained the shares of ENV in report on Friday, November 17 with “Buy” rating. UBS maintained the stock with “Buy” rating in Tuesday, August 15 report. On Tuesday, August 11 the stock rating was downgraded by Avondale to “Outperform”. Northland Capital maintained the shares of ENV in report on Tuesday, November 10 with “Outperform” rating. The firm has “Hold” rating by RBC Capital Markets given on Thursday, January 4.

Vestor Capital Llc, which manages about $525.40M and $463.35 million US Long portfolio, upped its stake in Ishares Tr Msci Index (EFA) by 6,760 shares to 270,935 shares, valued at $19.05 million in 2017Q4, according to the filing. It also increased its holding in Wisdomtree Midcap Dividend Etf (DON) by 40,465 shares in the quarter, for a total of 59,660 shares, and has risen its stake in Pepsico Inc (NYSE:PEP).

Since January 31, 2018, it had 1 insider buy, and 2 sales for $2.69 million activity. Gherson Diane J sold $780,000 worth of International Business Machines Corporation (NYSE:IBM) on Monday, February 26. Clementi Erich had sold 13,000 shares worth $2.01 million on Friday, February 23.

By1 Henry Gaston