Intech Investment Management LLC raised its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 75.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,993 shares of the software maker's stock after acquiring an additional 11,157 shares during the period. Intech Investment Management LLC owned approximately 0.05% of Alarm.com worth $1,580,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Disciplined Growth Investors Inc. MN grew its holdings in 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. Charles Schwab Investment Management Inc. grew its stake in shares of Alarm.com by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 530,383 shares of the software maker's stock valued at $32,247,000 after buying an additional 8,840 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Alarm.com by 2.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker's stock valued at $23,786,000 after buying an additional 9,935 shares during the last quarter. DF Dent & Co. Inc. raised its holdings in shares of Alarm.com by 23.3% in the third quarter. DF Dent & Co. Inc. now owns 359,399 shares of the software maker's stock worth $19,648,000 after buying an additional 67,824 shares during the period. Finally, Bank of Montreal Can lifted its stake in shares of Alarm.com by 18.0% during the 3rd quarter. Bank of Montreal Can now owns 323,133 shares of the software maker's stock worth $17,879,000 after acquiring an additional 49,403 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company's stock.
Insider Buying and Selling
In other Alarm.com news, CFO Steve Valenzuela sold 3,436 shares of Alarm.com stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the transaction, the chief financial officer now owns 37,500 shares in the company, valued at $2,191,875. The trade was a 8.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.60% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Alarm.com from a "hold" rating to a "buy" rating in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Alarm.com currently has a consensus rating of "Hold" and an average price target of $64.40.
Read Our Latest Analysis on ALRM
Alarm.com Trading Up 0.1 %
Shares of NASDAQ ALRM traded up $0.07 during trading hours on Wednesday, reaching $57.76. The stock had a trading volume of 230,423 shares, compared to its average volume of 385,880. Alarm.com Holdings, Inc. has a 52-week low of $51.87 and a 52-week high of $74.25. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 25.22, a P/E/G ratio of 3.59 and a beta of 1.10. The business's fifty day moving average price is $60.35 and its two-hundred day moving average price is $59.39. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35.
Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). The firm had revenue of $242.24 million for the quarter, compared to the consensus estimate of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. Analysts expect that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.
About Alarm.com
(
Free Report)
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.
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