Landscape Capital Management L.L.C. Invests $1.48 Million in Enphase Energy, Inc. $ENPH

Landscape Capital Management L.L.C. acquired a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 46,120 shares of the semiconductor company’s stock, valued at approximately $1,478,000.

Other hedge funds also recently made changes to their positions in the company. Monaco Asset Management SAM acquired a new stake in shares of Enphase Energy in the fourth quarter valued at approximately $2,724,000. Coatue Management LLC lifted its position in shares of Enphase Energy by 95.3% in the third quarter. Coatue Management LLC now owns 1,647,893 shares of the semiconductor company’s stock valued at $58,319,000 after buying an additional 803,945 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of Enphase Energy by 695.8% in the third quarter. Dynamic Technology Lab Private Ltd now owns 47,787 shares of the semiconductor company’s stock valued at $1,691,000 after buying an additional 41,782 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of Enphase Energy by 24.3% in the third quarter. Schroder Investment Management Group now owns 1,024,406 shares of the semiconductor company’s stock valued at $36,254,000 after buying an additional 200,059 shares during the last quarter. Finally, Heron Bay Capital Management acquired a new stake in shares of Enphase Energy in the third quarter valued at approximately $1,039,000. 72.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Richard Mora sold 700 shares of Enphase Energy stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $64.20, for a total transaction of $44,940.00. Following the completion of the sale, the director directly owned 13,922 shares of the company’s stock, valued at approximately $893,792.40. This trade represents a 4.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average cost of $67.50 per share, with a total value of $337,500.00. Following the completion of the acquisition, the chief executive officer owned 1,645,632 shares in the company, valued at $111,080,160. The trade was a 0.30% increase in their position. The SEC filing for this purchase provides additional information. 2.90% of the stock is currently owned by insiders.

Enphase Energy Stock Performance

NASDAQ:ENPH opened at $52.40 on Tuesday. The stock has a market cap of $6.91 billion, a P/E ratio of 51.88 and a beta of 1.59. The stock has a 50 day simple moving average of $45.87 and a 200 day simple moving average of $41.03. The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.52. Enphase Energy, Inc. has a 1-year low of $25.77 and a 1-year high of $73.74.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, April 28th. The semiconductor company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.04. The business had revenue of $282.90 million during the quarter, compared to analysts’ expectations of $282.28 million. Enphase Energy had a return on equity of 16.88% and a net margin of 9.64%.The firm’s revenue for the quarter was down 20.6% compared to the same quarter last year. During the same period last year, the firm posted $0.68 EPS. Research analysts anticipate that Enphase Energy, Inc. will post 0.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Barclays cut their price objective on Enphase Energy from $31.00 to $30.00 and set an “underweight” rating for the company in a research report on Monday, May 4th. The Goldman Sachs Group raised their price objective on Enphase Energy from $51.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft raised their price objective on Enphase Energy from $39.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Wall Street Zen raised Enphase Energy from a “sell” rating to a “hold” rating in a research report on Sunday, March 29th. Finally, Glj Research reaffirmed a “sell” rating and issued a $21.70 price objective on shares of Enphase Energy in a research report on Thursday, June 11th. Nine analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, Enphase Energy presently has an average rating of “Hold” and an average price target of $44.65.

About Enphase Energy

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company’s product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.