California State Teachers Retirement System trimmed its holdings in Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 222,295 shares of the semiconductor company’s stock after selling 983 shares during the quarter. California State Teachers Retirement System owned about 0.16% of Enphase Energy worth $61,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in ENPH. Panagora Asset Management Inc. raised its position in shares of Enphase Energy by 42.5% during the first quarter. Panagora Asset Management Inc. now owns 4,030 shares of the semiconductor company’s stock worth $813,000 after purchasing an additional 1,201 shares during the period. Raymond James Trust N.A. purchased a new stake in shares of Enphase Energy during the 1st quarter valued at approximately $249,000. Cibc World Market Inc. boosted its holdings in Enphase Energy by 219.1% in the 1st quarter. Cibc World Market Inc. now owns 5,320 shares of the semiconductor company’s stock worth $1,073,000 after buying an additional 3,653 shares during the period. Dimensional Fund Advisors LP grew its stake in Enphase Energy by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 398,666 shares of the semiconductor company’s stock valued at $80,436,000 after buying an additional 6,401 shares in the last quarter. Finally, Blair William & Co. IL raised its holdings in Enphase Energy by 8.7% during the 1st quarter. Blair William & Co. IL now owns 2,263 shares of the semiconductor company’s stock valued at $457,000 after acquiring an additional 182 shares during the period. 73.79% of the stock is owned by institutional investors and hedge funds.
Enphase Energy Trading Down 2.3 %
Shares of ENPH opened at $201.10 on Friday. The company’s fifty day simple moving average is $219.56 and its 200-day simple moving average is $266.28. The company has a market cap of $27.45 billion, a P/E ratio of 74.28, a P/E/G ratio of 1.19 and a beta of 1.49. The company has a current ratio of 3.55, a quick ratio of 3.31 and a debt-to-equity ratio of 1.45. Enphase Energy, Inc. has a twelve month low of $128.67 and a twelve month high of $339.92.
Insider Buying and Selling
Analysts Set New Price Targets
Several equities analysts have recently weighed in on ENPH shares. Susquehanna Bancshares cut Enphase Energy to a “neutral” rating and set a $365.00 price target for the company. in a research report on Thursday, December 15th. Daiwa Capital Markets started coverage on shares of Enphase Energy in a report on Friday, December 23rd. They issued an “outperform” rating and a $335.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Enphase Energy from $310.00 to $307.00 and set an “overweight” rating for the company in a research note on Wednesday, February 8th. Janney Montgomery Scott upgraded Enphase Energy from a “neutral” rating to a “buy” rating and set a $282.00 target price for the company in a research report on Monday, February 27th. Finally, Citigroup increased their price target on shares of Enphase Energy from $205.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, March 10th. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $306.20.
Enphase Energy Profile
Enphase Energy, Inc is a global energy technology company, which engages in the design, development, manufacture, and sale of micro inverter systems for the solar photovoltaic industry. The firm’s products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories and Enlighten & Apps.
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