California Public Employees Retirement System Buys 22,107 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

California Public Employees Retirement System raised its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 15.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,434 shares of the software maker's stock after acquiring an additional 22,107 shares during the period. California Public Employees Retirement System owned about 0.34% of Alarm.com worth $10,180,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Alarm.com by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker's stock valued at $383,091,000 after acquiring an additional 68,907 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its position in shares of Alarm.com by 6.0% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker's stock valued at $157,168,000 after purchasing an additional 163,851 shares during the last quarter. Norges Bank bought a new stake in shares of Alarm.com during the 4th quarter worth $34,841,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Alarm.com by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 530,383 shares of the software maker's stock worth $32,247,000 after buying an additional 8,840 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Alarm.com by 120.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 400,810 shares of the software maker's stock valued at $24,369,000 after buying an additional 219,203 shares during the period. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Stock Performance

ALRM traded up $0.24 during trading hours on Friday, hitting $51.37. The stock had a trading volume of 388,357 shares, compared to its average volume of 413,197. The stock has a market cap of $2.55 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03. Alarm.com Holdings, Inc. has a 1 year low of $48.23 and a 1 year high of $71.98. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. The company's fifty day simple moving average is $57.87 and its 200 day simple moving average is $59.19.

Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.06). The business had revenue of $242.24 million during the quarter, compared to analysts' expectations of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. Equities analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Alarm.com from a "hold" rating to a "buy" rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $64.40.

Insider Buying and Selling at Alarm.com

In related news, CFO Steve Valenzuela sold 3,436 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total transaction of $200,834.20. Following the sale, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,191,875. The trade was a 8.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Kerzner sold 932 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $51,716.68. Following the sale, the insider now directly owns 58,736 shares in the company, valued at $3,259,260.64. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,921 shares of company stock valued at $338,727 in the last 90 days. 5.60% of the stock is currently owned by company insiders.

About Alarm.com

Alarm.com Holdings, Inc provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.