Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System trimmed its position in Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) by 0.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 222,295 shares of the semiconductor company’s stock after selling 983 shares during the period. California State Teachers Retirement System’s holdings in Enphase Energy were worth $61,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mackenzie Financial Corp raised its stake in shares of Enphase Energy by 21.6% in the second quarter. Mackenzie Financial Corp now owns 10,795 shares of the semiconductor company’s stock worth $2,108,000 after purchasing an additional 1,920 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Enphase Energy by 12.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,508 shares of the semiconductor company’s stock worth $1,466,000 after buying an additional 831 shares during the last quarter. Signaturefd LLC lifted its stake in Enphase Energy by 31.5% during the 3rd quarter. Signaturefd LLC now owns 1,569 shares of the semiconductor company’s stock valued at $435,000 after acquiring an additional 376 shares during the period. Jackson Square Capital LLC boosted its holdings in shares of Enphase Energy by 3.9% in the 3rd quarter. Jackson Square Capital LLC now owns 1,738 shares of the semiconductor company’s stock valued at $482,000 after acquiring an additional 65 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Enphase Energy in the second quarter worth $4,836,000. Hedge funds and other institutional investors own 73.79% of the company’s stock.

Enphase Energy Price Performance

Shares of NASDAQ ENPH opened at $201.10 on Friday. The stock’s 50-day moving average is $219.56 and its two-hundred day moving average is $266.28. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.55 and a quick ratio of 3.31. The company has a market cap of $27.45 billion, a price-to-earnings ratio of 74.28, a price-to-earnings-growth ratio of 1.19 and a beta of 1.49. Enphase Energy, Inc. has a 1-year low of $128.67 and a 1-year high of $339.92.

Insider Activity at Enphase Energy

In other Enphase Energy news, EVP David A. Ranhoff sold 7,500 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $203.25, for a total value of $1,524,375.00. Following the sale, the executive vice president now directly owns 97,102 shares of the company’s stock, valued at approximately $19,735,981.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP David A. Ranhoff sold 7,500 shares of the stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $203.25, for a total value of $1,524,375.00. Following the transaction, the executive vice president now owns 97,102 shares in the company, valued at approximately $19,735,981.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard Mora sold 4,500 shares of the firm’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $214.62, for a total value of $965,790.00. Following the sale, the director now directly owns 1,600 shares in the company, valued at approximately $343,392. The disclosure for this sale can be found here. 4.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ENPH has been the topic of several analyst reports. Janney Montgomery Scott raised Enphase Energy from a “neutral” rating to a “buy” rating and set a $282.00 price target on the stock in a research report on Monday, February 27th. Craig Hallum decreased their price target on Enphase Energy from $323.00 to $315.00 in a report on Wednesday, February 8th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Enphase Energy from $330.00 to $285.00 and set a “buy” rating on the stock in a report on Tuesday, January 17th. Barclays increased their price target on Enphase Energy from $251.00 to $257.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 8th. Finally, Susquehanna reduced their price objective on shares of Enphase Energy from $365.00 to $275.00 and set a “neutral” rating for the company in a research report on Wednesday, February 8th. Seven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, Enphase Energy currently has an average rating of “Moderate Buy” and an average price target of $306.20.

Enphase Energy Company Profile

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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.