APG Asset Management N.V. Sells 197,758 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

APG Asset Management N.V. lessened its stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 71.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 78,941 shares of the semiconductor company's stock after selling 197,758 shares during the quarter. APG Asset Management N.V. owned 0.06% of Enphase Energy worth $5,236,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ENPH. Baillie Gifford & Co. lifted its holdings in shares of Enphase Energy by 32.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company's stock valued at $574,975,000 after buying an additional 2,028,691 shares during the last quarter. Invesco Ltd. grew its position in Enphase Energy by 43.4% in the fourth quarter. Invesco Ltd. now owns 4,557,865 shares of the semiconductor company's stock worth $313,034,000 after acquiring an additional 1,378,978 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Enphase Energy by 131.6% during the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company's stock worth $155,360,000 after purchasing an additional 1,258,778 shares during the last quarter. Norges Bank bought a new position in shares of Enphase Energy during the 4th quarter valued at $46,339,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Enphase Energy by 372.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 463,452 shares of the semiconductor company's stock valued at $31,830,000 after purchasing an additional 365,356 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company's stock.

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Insider Transactions at Enphase Energy

In other news, CFO Mandy Yang sold 1,319 shares of the company'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 in the company, valued at $4,972,139.68. This represents a 1.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Thurman J. Rodgers sold 100,000 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 1,881,760 shares of the company's stock, valued at $115,276,617.60. This represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.40% of the company's stock.

Wall Street Analyst Weigh In

ENPH has been the topic of a number of recent analyst reports. Citigroup lowered shares of Enphase Energy from a "neutral" rating to a "negative" rating in a research report on Wednesday, March 26th. Morgan Stanley cut their target price on shares of Enphase Energy from $68.00 to $67.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Canaccord Genuity Group raised Enphase Energy from a "hold" rating to a "buy" rating and raised their price target for the company from $76.00 to $82.00 in a research report on Wednesday, February 5th. Redburn Atlantic initiated coverage on Enphase Energy in a research note on Monday, March 3rd. They set a "neutral" rating for the company. Finally, The Goldman Sachs Group dropped their price target on Enphase Energy from $121.00 to $105.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Enphase Energy has an average rating of "Hold" and an average price target of $88.49.

Enphase Energy Stock Down 2.7 %

Shares of ENPH stock traded down $1.48 on Tuesday, hitting $53.07. 2,547,173 shares of the stock were exchanged, compared to its average volume of 3,985,466. The business has a 50-day moving average of $59.97 and a 200 day moving average of $70.23. Enphase Energy, Inc. has a fifty-two week low of $47.48 and a fifty-two week high of $141.63. The firm has a market capitalization of $7.03 billion, a P/E ratio of 71.72 and a beta of 1.94. 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 (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. Equities analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current year.

About Enphase Energy

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.