Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 8.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 232,424 shares of the software maker's stock after purchasing an additional 18,263 shares during the period. Fisher Asset Management LLC owned approximately 0.47% of Alarm.com worth $12,707,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ALRM. Centaurus Financial Inc. increased its position in shares of Alarm.com by 3.7% in the third quarter. Centaurus Financial Inc. now owns 236,644 shares of the software maker's stock valued at $12,937,000 after acquiring an additional 8,456 shares during the period. Algert Global LLC increased its holdings in Alarm.com by 9.2% during the 3rd quarter. Algert Global LLC now owns 187,606 shares of the software maker's stock valued at $10,256,000 after purchasing an additional 15,809 shares during the period. Nicolet Advisory Services LLC lifted its holdings in Alarm.com by 6.0% in the 3rd quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker's stock worth $250,000 after buying an additional 272 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Alarm.com by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker's stock worth $28,513,000 after buying an additional 7,567 shares during the last quarter. Finally, Landscape Capital Management L.L.C. increased its stake in shares of Alarm.com by 122.9% during the third quarter. Landscape Capital Management L.L.C. now owns 18,342 shares of the software maker's stock valued at $1,003,000 after buying an additional 10,114 shares during the period. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Alarm.com Price Performance

Shares of ALRM stock traded down $0.36 during trading hours on Thursday, hitting $64.17. The stock had a trading volume of 319,711 shares, compared to its average volume of 374,510. The stock's 50-day moving average price is $56.31 and its two-hundred day moving average price is $60.79. Alarm.com Holdings, Inc. has a one year low of $51.87 and a one year high of $77.29. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 3.88 and a beta of 0.90. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ALRM. Barclays lifted their price target on shares of Alarm.com from $60.00 to $67.00 and gave the company an "equal weight" rating in a report on Friday, November 8th. The Goldman Sachs Group increased their price target on shares of Alarm.com from $64.00 to $67.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. StockNews.com raised Alarm.com from a "hold" rating to a "buy" rating in a research report on Monday. 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. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $50.00 price target (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $64.40.

Insider Activity at Alarm.com

In related news, Director Stephen C. Evans sold 2,625 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total value of $156,633.75. Following the completion of the transaction, the director now directly owns 5,767 shares of the company's stock, valued at $344,116.89. This trade represents a 31.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.60% of the stock is 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.