Victory Capital Management Inc. Increases Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Victory Capital Management Inc. raised its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 369.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,545 shares of the software maker's stock after buying an additional 54,738 shares during the period. Victory Capital Management Inc. owned about 0.14% of Alarm.com worth $3,802,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Alarm.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 5,880,922 shares of the software maker's stock worth $426,190,000 after acquiring an additional 63,653 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in Alarm.com by 6.2% during the second quarter. Disciplined Growth Investors Inc. MN now owns 2,710,998 shares of the software maker's stock worth $172,257,000 after purchasing an additional 158,465 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Alarm.com by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,162,877 shares of the software maker's stock worth $73,889,000 after buying an additional 42,281 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Alarm.com by 15.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 472,948 shares of the software maker's stock valued at $30,051,000 after buying an additional 64,424 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Alarm.com by 230.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker's stock valued at $20,844,000 after buying an additional 265,936 shares during the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

Alarm.com Stock Performance

ALRM traded up $1.54 on Friday, hitting $62.32. 284,912 shares of the company traded hands, compared to its average volume of 453,854. Alarm.com Holdings, Inc. has a 12-month low of $51.87 and a 12-month high of $77.29. The company has a 50 day moving average of $55.67 and a 200-day moving average of $60.93. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $3.08 billion, a PE ratio of 26.98, a PEG ratio of 3.64 and a beta of 0.90.

Analyst Upgrades and Downgrades

ALRM has been the subject of a number of research reports. The Goldman Sachs Group boosted their price target on shares of Alarm.com from $64.00 to $67.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. StockNews.com cut Alarm.com from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. Roth Mkm decreased their target price on Alarm.com from $78.00 to $73.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Finally, Barclays boosted their price objective on Alarm.com from $60.00 to $67.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $64.40.

Insiders Place Their Bets

In other Alarm.com news, Director Stephen C. Evans sold 2,625 shares of Alarm.com stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total value of $156,633.75. Following the sale, the director now owns 5,767 shares of the company's stock, valued at approximately $344,116.89. The trade was a 31.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is owned by insiders.

Alarm.com Profile

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.