Bank of New York Mellon Corp boosted its position in shares of EnerNOC Inc. (NASDAQ:ENOC) by 2.6% during the second quarter, Holdings Channel reports. The fund owned 145,594 shares of the company’s stock after buying an additional 3,655 shares during the period. Bank of New York Mellon Corp owned approximately 0.51% of EnerNOC worth $921,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Oaktop Capital Management II L.P. boosted 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 during the last quarter. Summit Partners Public Asset Management LLC bought a new stake in shares of EnerNOC during the first quarter valued at about $2,805,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of EnerNOC during the first quarter valued at about $2,293,000. Bogle Investment Management L P DE boosted its stake in shares of EnerNOC by 122.6% in the first quarter. Bogle Investment Management L P DE now owns 72,424 shares of the company’s stock valued at $541,000 after buying an additional 39,892 shares in the last quarter. Finally, Palo Capital Inc. bought a new stake in shares of EnerNOC during the second quarter valued at about $410,000. Hedge funds and other institutional investors own 49.14% of the company’s stock.
Shares of EnerNOC Inc. (NASDAQ:ENOC) traded up 0.39% during mid-day trading on Monday, hitting $5.18. 16,651 shares of the stock traded hands. The firm has a 50 day moving average of $5.47 and a 200 day moving average of $6.44. EnerNOC Inc. has a 12 month low of $2.92 and a 12 month high of $8.59. The stock’s market cap is $150.13 million.
ENOC has been the topic of several research reports. Morgan Stanley restated an “equal weight” rating on shares of EnerNOC in a report on Tuesday, October 11th. Canaccord Genuity restated a “hold” rating and issued a $6.00 target price on shares of EnerNOC in a report on Monday, September 26th. Zacks Investment Research cut shares of EnerNOC from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Needham & Company LLC restated a “buy” rating and issued a $10.00 target price (down previously from $12.00) on shares of EnerNOC in a report on Wednesday, August 3rd. Finally, Credit Suisse Group AG cut shares of EnerNOC from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $10.00 to $8.00 in a report on Tuesday, August 2nd. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $11.21.
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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