Deutsche Bank AG Has $33.87 Million Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Key Points

• Deutsche Bank AG has reduced its stake in Enphase Energy by 38.0%, now holding 545,795 shares worth approximately $33.87 million as of the latest reporting period.
• CEO Badrinarayanan Kothandaraman purchased 5,000 shares of Enphase Energy at $30.82 each, increasing his total ownership to over 1.62 million shares.
• Institutional investors and hedge funds own 72.12% of Enphase Energy's stock, reflecting significant interest and involvement from major financial entities.

Deutsche Bank AG decreased its position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 38.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 545,795 shares of the semiconductor company's stock after selling 334,126 shares during the quarter. Deutsche Bank AG owned about 0.42% of Enphase Energy worth $33,867,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ENPH. Woodline Partners LP acquired a new stake in Enphase Energy during the fourth quarter valued at approximately $557,000. Teacher Retirement System of Texas acquired a new position in Enphase Energy in the first quarter worth approximately $1,609,000. QRG Capital Management Inc. bought a new position in shares of Enphase Energy in the first quarter valued at $512,000. Maxi Investments CY Ltd lifted its position in shares of Enphase Energy by 650.0% during the 1st quarter. Maxi Investments CY Ltd now owns 52,500 shares of the semiconductor company's stock valued at $3,258,000 after acquiring an additional 45,500 shares during the last quarter. Finally, Bouvel Investment Partners LLC acquired a new stake in shares of Enphase Energy during the 1st quarter valued at $847,000. Institutional investors own 72.12% of the company's stock.

Insider Buying and Selling

In other news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was bought at an average cost of $30.82 per share, for a total transaction of $154,100.00. Following the completion of the acquisition, the chief executive officer directly owned 1,620,632 shares of the company's stock, valued at approximately $49,947,878.24. The trade was a 0.31% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ENPH has been the topic of a number of recent research reports. Susquehanna decreased their target price on Enphase Energy from $51.00 to $40.00 and set a "neutral" rating on the stock in a report on Monday, July 21st. Mizuho dropped their price target on Enphase Energy from $53.00 to $50.00 and set an "outperform" rating on the stock in a research note on Monday, July 14th. Truist Financial reduced their price objective on shares of Enphase Energy from $65.00 to $49.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Morgan Stanley cut shares of Enphase Energy from an "equal weight" rating to an "underweight" rating and set a $36.00 target price for the company. in a report on Wednesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Enphase Energy from $49.00 to $42.00 and set a "hold" rating on the stock in a report on Thursday, July 24th. Thirteen equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Enphase Energy currently has a consensus rating of "Hold" and a consensus price target of $55.22.

Enphase Energy Stock Down 5.8%

Shares of NASDAQ:ENPH traded down $2.00 on Thursday, reaching $32.22. The company had a trading volume of 10,114,654 shares, compared to its average volume of 9,194,510. The stock has a market capitalization of $4.21 billion, a P/E ratio of 25.17 and a beta of 1.59. The company has a quick ratio of 1.82, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average price of $38.25 and a 200 day moving average price of $49.06. Enphase Energy, Inc. has a twelve month low of $29.89 and a twelve month high of $130.08.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.07. Enphase Energy had a net margin of 11.78% and a return on equity of 24.55%. The company had revenue of $363.15 million for the quarter, compared to analyst estimates of $359.14 million. During the same quarter last year, the firm posted $0.43 earnings per share. The company's quarterly revenue was up 19.7% compared to the same quarter last year. On average, equities analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Enphase Energy 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.