Private Asset Management Lowered United Technologies Cp (UTX) Stake By $89.40 Million; Envestnet (ENV) Has 2.26 Sentiment

Envestnet, Inc., together with its subsidiaries, provides financial and wealth management software and services in the United States and internationally. The company has market cap of $2.39 billion. It operates through Envestnet and Envestnet | Yodlee business divisions. It currently has negative earnings. The companyÂ’s product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, and sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides a portfolio of accounting, rebalancing, trading, performance reporting, and client relationship management software, primarily to high-end registered investment advisers; Envestnet | Retirement Solutions , which offers a suite of services for advisor-sold retirement plans; and Envestnet | PMC (Portfolio Management Consultants) that provides research due diligence and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.

Private Asset Management Inc decreased United Technologies Cp (UTX) stake by 89.42% reported in 2017Q3 SEC filing. Private Asset Management Inc sold 89,489 shares as United Technologies Cp (UTX)’s stock rose 8.03%. The Private Asset Management Inc holds 10,588 shares with $10.59M value, down from 100,077 last quarter. United Technologies Cp now has $109.07 billion valuation. The stock increased 1.18% or $1.59 during the last trading session, reaching $136.58. About 5.21M shares traded or 67.82% up from the average. United Technologies Corporation (NYSE:UTX) has risen 22.99% since January 14, 2017 and is uptrending. It has outperformed by 6.29% the S&P500.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on January, 24. They expect $1.56 earnings per share, 0.00% or $0.00 from last year’s $1.56 per share. UTX’s profit will be $1.25 billion for 21.89 P/E if the $1.56 EPS becomes a reality. After $1.73 actual earnings per share reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts -9.83% negative EPS growth.

Investors sentiment increased to 1.05 in Q3 2017. Its up 0.10, from 0.95 in 2017Q2. It improved, as 63 investors sold UTX shares while 503 reduced holdings. 111 funds opened positions while 484 raised stakes. 621.08 million shares or 1.52% more from 611.76 million shares in 2017Q2 were reported. Liberty Mutual Grp Asset Management stated it has 0.2% of its portfolio in United Technologies Corporation (NYSE:UTX). Dumont And Blake Invest Ltd Liability Com holds 0.36% or 7,201 shares in its portfolio. Moreover, Swiss Bankshares has 0.37% invested in United Technologies Corporation (NYSE:UTX) for 2.81 million shares. Eagle Glob Advisors Ltd Co stated it has 4,184 shares. Griffin Asset reported 8,884 shares. Orrstown Financial Ser reported 0.15% stake. First Republic Inv Mngmt has 0.66% invested in United Technologies Corporation (NYSE:UTX). Clearbridge Ltd Limited Liability Company holds 0.17% or 1.51 million shares. Parametric Associates Ltd Com reported 2.22 million shares stake. Davidson Investment Advisors has 76,500 shares. Pettyjohn Wood White, a Virginia-based fund reported 49,350 shares. Renaissance Tech Ltd Liability reported 0.27% stake. Parthenon Limited Liability Company stated it has 2,547 shares or 0.07% of all its holdings. First Quadrant LP Ca reported 15,000 shares or 0.03% of all its holdings. Howe & Rusling Inc has invested 0.11% in United Technologies Corporation (NYSE:UTX).

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 10 have Buy rating, 0 Sell and 11 Hold. Therefore 48% are positive. United Technologies Corporation has $152.0 highest and $100 lowest target. $120.71’s average target is -11.62% below currents $136.58 stock price. United Technologies Corporation had 71 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, October 10 by Cowen & Co. The stock of United Technologies Corporation (NYSE:UTX) has “Buy” rating given on Tuesday, October 3 by Jefferies. Barclays Capital downgraded the shares of UTX in report on Monday, August 31 to “Equal Weight” rating. The firm earned “Neutral” rating on Thursday, October 8 by JP Morgan. The firm has “Hold” rating given on Friday, August 11 by RBC Capital Markets. Deutsche Bank downgraded United Technologies Corporation (NYSE:UTX) on Wednesday, July 22 to “Hold” rating. The firm has “Outperform” rating given on Monday, December 19 by Credit Suisse. Jefferies maintained United Technologies Corporation (NYSE:UTX) on Monday, August 28 with “Buy” rating. The stock of United Technologies Corporation (NYSE:UTX) earned “Buy” rating by Jefferies on Friday, July 7. The stock of United Technologies Corporation (NYSE:UTX) has “Neutral” rating given on Monday, October 10 by CItigroup.

Since December 13, 2017, it had 0 insider purchases, and 3 selling transactions for $734,561 activity. Bailey Robert J. sold $79,088 worth of United Technologies Corporation (NYSE:UTX) on Wednesday, December 13. $546,600 worth of United Technologies Corporation (NYSE:UTX) was sold by Amato Elizabeth B on Friday, December 15.

Whetstone Capital Advisors Llc holds 8.02% of its portfolio in Envestnet, Inc. for 345,126 shares. Three Corner Global Investors Lp owns 500,300 shares or 7.15% of their US portfolio. Moreover, Summit Creek Advisors Llc has 2.6% invested in the company for 258,786 shares. The Quebec – Canada-based Van Berkom & Associates Inc. has invested 2.52% in the stock. Ashford Capital Management Inc, a Delaware-based fund reported 241,458 shares.

Since January 1, 0001, it had 0 insider buys, and 16 sales for $4.96 million activity.

Analysts await Envestnet, Inc. (NYSE:ENV) to report earnings on March, 22. They expect $0.29 EPS, up 38.10% or $0.08 from last year’s $0.21 per share. ENV’s profit will be $12.85M for 46.47 P/E if the $0.29 EPS becomes a reality. After $0.25 actual EPS reported by Envestnet, Inc. for the previous quarter, Wall Street now forecasts 16.00% EPS growth.

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