Intech Investment Management LLC Makes New Investment in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Intech Investment Management LLC bought a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,836 shares of the software maker's stock, valued at approximately $811,000.

Several other institutional investors have also modified their holdings of ALRM. O Shaughnessy Asset Management LLC bought a new stake in Alarm.com in the first quarter worth approximately $284,000. Price T Rowe Associates Inc. MD grew its position in Alarm.com by 5.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,950 shares of the software maker's stock worth $2,389,000 after purchasing an additional 1,755 shares during the last quarter. Bayesian Capital Management LP acquired a new position in Alarm.com in the 1st quarter valued at approximately $228,000. Janus Henderson Group PLC lifted its position in Alarm.com by 36.8% in the first quarter. Janus Henderson Group PLC now owns 32,874 shares of the software maker's stock worth $2,379,000 after purchasing an additional 8,843 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in Alarm.com by 75.9% in the second quarter. Harbor Capital Advisors Inc. now owns 8,915 shares of the software maker's stock valued at $566,000 after acquiring an additional 3,848 shares during the period. Institutional investors and hedge funds own 91.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Alarm.com from a "hold" rating to a "buy" rating in a research note on Monday. The Goldman Sachs Group increased their target price on Alarm.com from $64.00 to $67.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Jefferies Financial Group initiated coverage on Alarm.com in a research report on Tuesday, November 5th. They set a "buy" rating and a $65.00 price objective for the company. Barclays raised their price target on shares of Alarm.com from $60.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $50.00 target price (down from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Alarm.com currently has a consensus rating of "Hold" and an average target price of $64.40.

Insider Buying and Selling

In other news, Director Stephen C. Evans sold 2,625 shares of the business's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total transaction of $156,633.75. Following the completion of the transaction, 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 ownership of the stock. 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 currently owned by corporate insiders.

Alarm.com Stock Up 1.5 %

ALRM traded up $0.97 during midday trading on Friday, reaching $65.14. 247,253 shares of the company were exchanged, compared to its average volume of 373,960. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 3.84 and a beta of 0.90. The company's fifty day moving average price is $56.49 and its 200 day moving average price is $60.81. Alarm.com Holdings, Inc. has a one year low of $51.87 and a one year high of $77.29.

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.