Schroder Investment Management Group Has $99.68 Million Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Schroder Investment Management Group increased its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 29.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,451,414 shares of the semiconductor company's stock after acquiring an additional 331,917 shares during the quarter. Schroder Investment Management Group owned about 1.07% of Enphase Energy worth $99,683,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Erste Asset Management GmbH acquired a new position in shares of Enphase Energy in the third quarter valued at $37,475,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its holdings in Enphase Energy by 72.7% in the 4th quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 19,000 shares of the semiconductor company's stock valued at $1,305,000 after acquiring an additional 8,000 shares during the period. Nordea Investment Management AB lifted its position in Enphase Energy by 131.6% during the fourth quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company's stock worth $155,360,000 after acquiring an additional 1,258,778 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Enphase Energy during the fourth quarter worth approximately $5,324,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Enphase Energy in the fourth quarter valued at approximately $584,000. Institutional investors own 72.12% of the company's stock.

Enphase Energy Trading Up 0.2 %

Shares of Enphase Energy stock traded up $0.13 during trading on Wednesday, hitting $62.52. The company's stock had a trading volume of 2,068,247 shares, compared to its average volume of 3,951,682. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of 84.49 and a beta of 2.12. Enphase Energy, Inc. has a 52 week low of $51.63 and a 52 week high of $141.63. The stock has a 50-day moving average price of $62.20 and a two-hundred day moving average price of $74.79. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28.

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

Insiders Place Their Bets

In other news, CFO Mandy Yang sold 1,319 shares of Enphase Energy stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $63.32, for a total value of $83,519.08. Following the completion of the transaction, the chief financial officer now directly owns 78,524 shares of the company's stock, valued at approximately $4,972,139.68. This trade represents a 1.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thurman J. Rodgers sold 100,000 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $61.26, for a total value of $6,126,000.00. Following the sale, the director now owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. The trade was a 5.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.40% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ENPH shares. OTR Global upgraded Enphase Energy from a "negative" rating to a "mixed" rating in a research note on Friday, December 20th. Barclays reduced their target price on shares of Enphase Energy from $91.00 to $86.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company lowered their price target on shares of Enphase Energy from $77.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Guggenheim raised shares of Enphase Energy from a "sell" rating to a "neutral" rating and set a $62.00 price objective for the company in a report on Friday, January 31st. Finally, BMO Capital Markets lowered their target price on shares of Enphase Energy from $69.00 to $66.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Enphase Energy has an average rating of "Hold" and an average target price of $90.36.

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.