First Trust Advisors LP raised its position in EnerNOC Inc. (NASDAQ:ENOC) by 23.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 63,994 shares of the company’s stock after buying an additional 12,216 shares during the period. First Trust Advisors LP owned approximately 0.22% of EnerNOC worth $404,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Menta Capital LLC increased its stake in EnerNOC by 25.3% in the first quarter. Menta Capital LLC now owns 29,200 shares of the company’s stock worth $218,000 after buying an additional 5,900 shares in the last quarter. Bogle Investment Management L P DE increased its stake in EnerNOC by 122.6% in the first quarter. Bogle Investment Management L P DE now owns 72,424 shares of the company’s stock worth $541,000 after buying an additional 39,892 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in EnerNOC during the first quarter worth $2,293,000. Summit Partners Public Asset Management LLC acquired a new stake in EnerNOC during the first quarter worth $2,805,000. Finally, Oaktop Capital Management II L.P. increased its stake in EnerNOC by 7.2% in the first quarter. Oaktop Capital Management II L.P. now owns 1,718,641 shares of the company’s stock worth $12,855,000 after buying an additional 115,000 shares in the last quarter. 49.14% of the stock is currently owned by hedge funds and other institutional investors.
EnerNOC Inc. (NASDAQ:ENOC) traded down 0.96% during trading on Friday, reaching $5.16. 20,525 shares of the company’s stock traded hands. The firm’s market cap is $149.55 million. The company has a 50 day moving average of $5.47 and a 200 day moving average of $6.45. EnerNOC Inc. has a one year low of $2.92 and a one year high of $8.99.
ENOC has been the topic of a number of recent research reports. Canaccord Genuity reaffirmed a “hold” rating and issued a $8.50 target price on shares of EnerNOC in a research report on Friday, June 24th. Needham & Company LLC reaffirmed a “buy” rating on shares of EnerNOC in a research report on Sunday, June 26th. Zacks Investment Research downgraded shares of EnerNOC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Credit Suisse Group AG downgraded shares of EnerNOC from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $10.00 to $8.00 in a research report on Tuesday, August 2nd. Finally, Morgan Stanley reissued an “equal weight” rating on shares of EnerNOC in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $11.21.
EnerNOC Company Profile
EnerNOC, Inc is a provider of energy intelligence software (EIS) and demand response solutions. The Company’s EIS provides enterprise solutions, utility solutions and energy procurement solutions. The Company’s EIS offers enterprise customers with a Software-as-a-Service (SaaS) solutions with various areas of functionalities, including energy cost visualization, budgets, forecasts and accruals; project tracking, and demand management.
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