Axxcess Wealth Management LLC Buys New Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Axxcess Wealth Management LLC purchased a new stake in Enphase Energy, Inc. (NASDAQ:ENPHGet Rating) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,262 shares of the semiconductor company’s stock, valued at approximately $442,000.

A number of other hedge funds have also recently bought and sold shares of ENPH. Elequin Capital LP bought a new position in Enphase Energy in the first quarter valued at approximately $26,000. GHP Investment Advisors Inc. bought a new position in shares of Enphase Energy during the 2nd quarter worth approximately $26,000. Glassman Wealth Services boosted its stake in shares of Enphase Energy by 55.1% during the 2nd quarter. Glassman Wealth Services now owns 138 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 49 shares during the period. KB Financial Partners LLC bought a new position in shares of Enphase Energy during the 1st quarter worth approximately $28,000. Finally, Zions Bancorporation N.A. boosted its stake in shares of Enphase Energy by 105.6% during the 2nd quarter. Zions Bancorporation N.A. now owns 148 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 76 shares during the period. 71.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, Director Steven J. Gomo sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $298.61, for a total value of $7,465,250.00. Following the sale, the director now owns 41,456 shares in the company, valued at approximately $12,379,176.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP David A. Ranhoff sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $303.43, for a total transaction of $2,275,725.00. Following the completion of the sale, the executive vice president now owns 85,402 shares in the company, valued at $25,913,528.86. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Steven J. Gomo sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $298.61, for a total value of $7,465,250.00. Following the transaction, the director now directly owns 41,456 shares in the company, valued at $12,379,176.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 186,372 shares of company stock worth $56,077,771. Insiders own 4.80% of the company’s stock.

Enphase Energy Trading Down 1.5 %

NASDAQ ENPH opened at $315.78 on Thursday. The business’s 50-day moving average price is $283.23 and its two-hundred day moving average price is $247.54. Enphase Energy, Inc. has a 12 month low of $113.40 and a 12 month high of $324.84. The firm has a market capitalization of $42.92 billion, a PE ratio of 151.82, a price-to-earnings-growth ratio of 2.20 and a beta of 1.43. The company has a current ratio of 3.60, a quick ratio of 3.34 and a debt-to-equity ratio of 1.96.

Analyst Ratings Changes

Several analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on Enphase Energy from $321.00 to $289.00 and set an “overweight” rating for the company in a research note on Thursday, October 20th. Cowen lifted their price objective on Enphase Energy from $278.00 to $335.00 in a report on Wednesday, October 26th. Barclays lifted their price objective on Enphase Energy from $292.00 to $311.00 and gave the company an “equal weight” rating in a report on Wednesday, October 26th. Cowen lifted their price objective on Enphase Energy from $278.00 to $335.00 in a report on Wednesday, October 26th. Finally, Craig Hallum lifted their price objective on Enphase Energy from $213.00 to $271.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Enphase Energy presently has an average rating of “Moderate Buy” and an average target price of $295.82.

About Enphase Energy

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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 services.

See Also

Institutional Ownership by Quarter for Enphase Energy (NASDAQ:ENPH)

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