California Public Employees Retirement System raised its stake in EnerNOC Inc. (NASDAQ:ENOC) by 4.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 407,200 shares of the company’s stock after buying an additional 18,700 shares during the period. California Public Employees Retirement System owned approximately 1.41% of EnerNOC worth $2,574,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Montreal Can purchased a new position in EnerNOC during the second quarter valued at approximately $103,000. Smith Asset Management Group LP raised its position in EnerNOC by 69.5% in the second quarter. Smith Asset Management Group LP now owns 19,510 shares of the company’s stock valued at $123,000 after buying an additional 8,000 shares in the last quarter. Menta Capital LLC raised its position in EnerNOC by 25.3% in the first quarter. Menta Capital LLC now owns 29,200 shares of the company’s stock valued at $218,000 after buying an additional 5,900 shares in the last quarter. Acadian Asset Management LLC purchased a new position in EnerNOC during the second quarter valued at approximately $360,000. Finally, Palo Capital Inc. purchased a new position in EnerNOC during the second quarter valued at approximately $410,000. Institutional investors own 49.14% of the company’s stock.
EnerNOC Inc. (NASDAQ:ENOC) traded up 0.74% during mid-day trading on Friday, reaching $5.41. The company’s stock had a trading volume of 160,344 shares. EnerNOC Inc. has a 1-year low of $2.92 and a 1-year high of $9.79. The stock’s market capitalization is $156.79 million. The stock’s 50 day moving average price is $5.58 and its 200 day moving average price is $6.58.
Several research analysts have recently commented on ENOC shares. Needham & Company LLC restated a “buy” rating and set a $10.00 price target (down from $12.00) on shares of EnerNOC in a research report on Wednesday, August 3rd. Canaccord Genuity restated a “hold” rating and set a $6.00 price target on shares of EnerNOC in a research report on Monday, September 26th. Zacks Investment Research lowered EnerNOC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Finally, Credit Suisse Group AG lowered EnerNOC from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $10.00 to $8.00 in a research report on Tuesday, August 2nd. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. EnerNOC has a consensus rating of “Buy” and a consensus price target 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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