Janus Henderson Group PLC Increases Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Janus Henderson Group PLC lifted its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 634.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,550 shares of the semiconductor company's stock after purchasing an additional 92,909 shares during the period. Janus Henderson Group PLC owned 0.08% of Enphase Energy worth $7,387,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC increased its holdings in shares of Enphase Energy by 318.1% in the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock valued at $46,000 after purchasing an additional 509 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Enphase Energy during the 4th quarter worth about $47,000. GeoWealth Management LLC grew its stake in Enphase Energy by 56.3% in the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company's stock valued at $61,000 after buying an additional 321 shares during the last quarter. Sava Infond d.o.o. bought a new position in Enphase Energy in the 4th quarter valued at about $69,000. Finally, Avior Wealth Management LLC lifted its position in Enphase Energy by 269.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company's stock worth $72,000 after acquiring an additional 762 shares during the last quarter. 72.12% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Mandy Yang sold 1,319 shares of Enphase Energy stock in a transaction on Monday, March 10th. The stock was sold at an average price of $63.32, for a total value of $83,519.08. Following the completion of the transaction, the chief financial officer now directly owns 78,524 shares in the company, valued at approximately $4,972,139.68. The trade was a 1.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Badrinarayanan Kothandaraman bought 4,000 shares of Enphase Energy stock in a transaction on Friday, April 25th. The shares were bought at an average cost of $46.35 per share, with a total value of $185,400.00. Following the acquisition, the chief executive officer now directly owns 1,598,696 shares in the company, valued at approximately $74,099,559.60. This represents a 0.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.10% of the stock is owned by corporate insiders.

Enphase Energy Stock Up 4.3%

Shares of NASDAQ ENPH traded up $1.63 during trading on Friday, hitting $39.64. The stock had a trading volume of 10,160,647 shares, compared to its average volume of 4,398,239. The firm has a fifty day moving average of $51.86 and a two-hundred day moving average of $61.29. The company has a market capitalization of $5.20 billion, a PE ratio of 53.57 and a beta of 1.80. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. Enphase Energy, Inc. has a 12 month low of $37.59 and a 12 month high of $141.63.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ENPH shares. BNP Paribas downgraded Enphase Energy from an "outperform" rating to an "underperform" rating in a report on Tuesday, May 13th. Mizuho dropped their price objective on shares of Enphase Energy from $81.00 to $65.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Citigroup restated a "sell" rating and set a $47.00 target price on shares of Enphase Energy in a research report on Thursday, April 17th. BMO Capital Markets reiterated an "underperform" rating and issued a $39.00 price target (down from $46.00) on shares of Enphase Energy in a research report on Tuesday, May 13th. Finally, BNP Paribas Exane downgraded Enphase Energy from a "neutral" rating to an "underperform" rating and set a $40.00 price target on the stock. in a research report on Tuesday, May 13th. Eleven research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $68.87.

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.