Achmea Investment Management B.V. Decreases Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Achmea Investment Management B.V. cut its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 36.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,941 shares of the semiconductor company's stock after selling 13,868 shares during the period. Achmea Investment Management B.V.'s holdings in Enphase Energy were worth $1,644,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of Enphase Energy by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company's stock worth $99,496,000 after purchasing an additional 16,234 shares in the last quarter. Erste Asset Management GmbH acquired a new position in shares of Enphase Energy during the third quarter worth $37,475,000. Mizuho Securities USA LLC increased its position in shares of Enphase Energy by 4,177.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company's stock valued at $50,737,000 after acquiring an additional 438,424 shares during the period. Impax Asset Management Group plc increased its position in shares of Enphase Energy by 15.9% in the 3rd quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company's stock valued at $25,555,000 after acquiring an additional 31,008 shares during the period. Finally, Swedbank AB increased its position in shares of Enphase Energy by 0.3% in the 3rd quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company's stock valued at $391,442,000 after acquiring an additional 11,890 shares during the period. 72.12% of the stock is owned by institutional investors and hedge funds.

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Enphase Energy Price Performance

ENPH stock traded up $0.93 during mid-day trading on Wednesday, reaching $62.31. The company's stock had a trading volume of 3,050,986 shares, compared to its average volume of 3,915,933. The stock has a market cap of $8.25 billion, a PE ratio of 84.20 and a beta of 2.12. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. Enphase Energy, Inc. has a fifty-two week low of $51.63 and a fifty-two week high of $141.63. The company's 50 day moving average is $63.01 and its two-hundred day moving average is $78.20.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. Equities research analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ENPH shares. Susquehanna cut their target price on Enphase Energy from $79.00 to $76.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Northland Securities lowered their price target on shares of Enphase Energy from $110.00 to $90.00 and set an "outperform" rating on the stock in a report on Tuesday, November 19th. Craig Hallum lowered their price target on shares of Enphase Energy from $123.00 to $101.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Redburn Atlantic initiated coverage on shares of Enphase Energy in a report on Monday, March 3rd. They issued a "neutral" rating on the stock. Finally, Citigroup upped their price target on shares of Enphase Energy from $71.00 to $72.00 and gave the company a "neutral" rating in a report on Wednesday, January 8th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Enphase Energy presently has a consensus rating of "Hold" and a consensus price target of $90.42.

Insider Transactions at Enphase Energy

In other news, Director Thurman J. Rodgers sold 100,000 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the completion of the sale, the director now owns 1,881,760 shares in the company, valued at $115,276,617.60. This trade represents a 5.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mandy Yang sold 1,319 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the sale, the chief financial officer now owns 78,524 shares of the company's stock, valued at $4,972,139.68. This represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.40% of the company's stock.

Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.