Louisiana State Employees Retirement System Takes Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Louisiana State Employees Retirement System acquired a new stake in Enphase Energy, Inc. (NASDAQ:ENPH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,300 shares of the semiconductor company’s stock, valued at approximately $1,097,000.

Other large investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its position in Enphase Energy by 68.0% during the third quarter. Geneos Wealth Management Inc. now owns 252 shares of the semiconductor company’s stock worth $30,000 after buying an additional 102 shares during the period. CVA Family Office LLC purchased a new position in Enphase Energy during the fourth quarter worth about $31,000. Parkside Financial Bank & Trust lifted its position in Enphase Energy by 131.3% during the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock worth $37,000 after buying an additional 176 shares during the period. Covestor Ltd lifted its position in Enphase Energy by 61.6% during the third quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock worth $42,000 after buying an additional 133 shares during the period. Finally, Blue Trust Inc. lifted its position in Enphase Energy by 194.6% during the fourth quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock worth $44,000 after buying an additional 218 shares during the period. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on ENPH. Morgan Stanley increased their target price on Enphase Energy from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. DZ Bank started coverage on Enphase Energy in a research note on Wednesday, April 17th. They set a “hold” rating and a $116.00 price target for the company. Canaccord Genuity Group started coverage on Enphase Energy in a research note on Tuesday, January 16th. They set a “buy” rating and a $142.00 price target for the company. Citigroup lowered Enphase Energy from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $126.00 to $121.00 in a research note on Friday, April 5th. Finally, Barclays upped their price target on Enphase Energy from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $147.38.

Insiders Place Their Bets

In related news, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the sale, the director now owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average price of $120.54 per share, with a total value of $482,160.00. Following the acquisition, the chief executive officer now owns 1,655,171 shares in the company, valued at approximately $199,514,312.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the sale, the director now directly owns 3,126 shares in the company, valued at approximately $376,964.34. The disclosure for this sale can be found here. Insiders have sold a total of 34,285 shares of company stock valued at $4,054,428 in the last quarter. Insiders own 3.40% of the company’s stock.

Enphase Energy Trading Up 2.7 %

NASDAQ:ENPH opened at $113.48 on Wednesday. The company has a quick ratio of 4.19, a current ratio of 4.59 and a debt-to-equity ratio of 1.32. The business’s 50 day moving average is $119.28 and its two-hundred day moving average is $111.97. Enphase Energy, Inc. has a 52 week low of $73.49 and a 52 week high of $228.36. The company has a market cap of $15.43 billion, a PE ratio of 37.08, a P/E/G ratio of 3.07 and a beta of 1.47.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Enphase Energy had a return on equity of 47.73% and a net margin of 19.16%. The company had revenue of $302.57 million for the quarter, compared to the consensus estimate of $327.06 million. On average, analysts predict that Enphase Energy, Inc. will post 2.01 EPS for the current year.

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.