WINTON GROUP Ltd Invests $476,000 in Enphase Energy, Inc. (NASDAQ:ENPH)

WINTON GROUP Ltd bought a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,930 shares of the semiconductor company's stock, valued at approximately $476,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Erste Asset Management GmbH purchased a new stake in Enphase Energy during the 3rd quarter worth approximately $37,475,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its stake in Enphase Energy by 72.7% during the 4th quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 19,000 shares of the semiconductor company's stock worth $1,305,000 after purchasing an additional 8,000 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of 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 buying an additional 1,258,778 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Enphase Energy in the 4th quarter valued at about $5,324,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Enphase Energy in the fourth quarter valued at approximately $584,000. Hedge funds and other institutional investors own 72.12% of the company's stock.

Insiders Place Their Bets

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

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Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. TD Cowen reduced their price objective on Enphase Energy from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Monday, January 27th. 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 research report on Wednesday, February 5th. Guggenheim upgraded shares of Enphase Energy from a "sell" rating to a "neutral" rating and set a $62.00 price objective for the company in a research report on Friday, January 31st. Citigroup lowered shares of Enphase Energy from a "neutral" rating to a "negative" rating in a report on Wednesday, March 26th. Finally, Glj Research restated a "sell" rating and set a $50.69 price target on shares of Enphase Energy in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, Enphase Energy has an average rating of "Hold" and an average target price of $89.79.

Enphase Energy Stock Down 7.3 %

NASDAQ:ENPH traded down $4.59 during mid-day trading on Thursday, hitting $57.93. The stock had a trading volume of 2,428,850 shares, compared to its average volume of 3,951,815. Enphase Energy, Inc. has a twelve month low of $51.63 and a twelve month high of $141.63. The stock has a 50-day simple moving average of $62.23 and a two-hundred day simple moving average of $74.70. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $7.67 billion, a PE ratio of 78.28 and a beta of 2.12.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings data 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 net margin of 7.72% and a return on equity of 15.62%. On average, equities research 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.