Deutsche Bank AG Has $60.43 Million Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Deutsche Bank AG raised its position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 35.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 879,921 shares of the semiconductor company's stock after purchasing an additional 230,674 shares during the period. Deutsche Bank AG owned approximately 0.65% of Enphase Energy worth $60,433,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Baillie Gifford & Co. increased its position in shares of Enphase Energy by 32.0% in 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 in the last quarter. Invesco Ltd. increased its holdings in shares of 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. Norges Bank acquired a new stake in shares of Enphase Energy during the fourth quarter worth about $46,339,000. Alyeska Investment Group L.P. lifted its holdings in shares of Enphase Energy by 62.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,349,032 shares of the semiconductor company's stock valued at $92,652,000 after purchasing an additional 517,989 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Enphase Energy by 40.9% in the 4th quarter. Northern Trust Corp now owns 1,668,807 shares of the semiconductor company's stock valued at $114,614,000 after purchasing an additional 484,497 shares during the period. Institutional investors own 72.12% of the company's stock.

Analyst Ratings Changes

ENPH has been the topic of a number of research reports. Redburn Atlantic assumed coverage on shares of Enphase Energy in a research note on Monday, March 3rd. They issued a "neutral" rating on the stock. Oppenheimer set a $84.00 price objective on shares of Enphase Energy and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. BMO Capital Markets reduced their target price on shares of Enphase Energy from $59.00 to $46.00 and set a "market perform" rating for the company in a research note on Wednesday, April 23rd. Barclays lowered their target price on Enphase Energy from $58.00 to $51.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Finally, Guggenheim reissued a "sell" rating and issued a $33.00 price target on shares of Enphase Energy in a research note on Wednesday, April 23rd. Seven investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Enphase Energy currently has a consensus rating of "Hold" and an average price target of $70.54.

Insiders Place Their Bets

In related news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The shares were bought at an average price of $46.35 per share, for a total transaction of $185,400.00. Following the completion of the transaction, the chief executive officer now owns 1,598,696 shares of the company's stock, valued at approximately $74,099,559.60. This trade represents a 0.25% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Thurman J. Rodgers sold 100,000 shares of the business's stock in a transaction that occurred 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 transaction, the director now owns 1,881,760 shares of the company's stock, valued at approximately $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 3.10% of the company's stock.

Enphase Energy Price Performance

Shares of Enphase Energy stock opened at $47.94 on Tuesday. Enphase Energy, Inc. has a twelve month low of $43.09 and a twelve month high of $141.63. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The company has a 50-day simple moving average of $54.41 and a two-hundred day simple moving average of $63.39. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 64.78 and a beta of 1.80.

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.

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