Healthcare of Ontario Pension Plan Trust Fund Buys 42,000 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 78.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,300 shares of the software maker's stock after acquiring an additional 42,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.19% of Alarm.com worth $6,158,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALRM. Norges Bank bought a new position in Alarm.com during the 4th quarter valued at about $33,277,000. FMR LLC grew its position in Alarm.com by 18,200.6% during the 3rd quarter. FMR LLC now owns 312,391 shares of the software maker's stock worth $19,100,000 after acquiring an additional 310,684 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Alarm.com during the 3rd quarter worth approximately $14,285,000. Assenagon Asset Management S.A. increased its holdings in Alarm.com by 383.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 165,031 shares of the software maker's stock valued at $10,664,000 after purchasing an additional 130,901 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Alarm.com in the 4th quarter valued at $65,980,000. Institutional investors own 91.74% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ALRM. Barclays raised their target price on Alarm.com from $66.00 to $78.00 and gave the company an "equal weight" rating in a research note on Friday, February 23rd. StockNews.com downgraded shares of Alarm.com from a "strong-buy" rating to a "buy" rating in a research note on Friday. JPMorgan Chase & Co. increased their price target on shares of Alarm.com from $62.00 to $70.00 and gave the company a "neutral" rating in a research note on Friday, February 23rd. TheStreet upgraded shares of Alarm.com from a "c+" rating to a "b-" rating in a research report on Friday, February 23rd. Finally, William Blair upgraded Alarm.com to a "hold" rating in a research report on Thursday, May 9th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $68.83.

Alarm.com Trading Down 0.7 %

Shares of Alarm.com stock traded down $0.43 on Tuesday, hitting $61.32. 250,645 shares of the company's stock traded hands, compared to its average volume of 316,094. Alarm.com Holdings, Inc. has a one year low of $48.01 and a one year high of $77.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.51 and a quick ratio of 5.03. The stock has a market capitalization of $3.08 billion, a PE ratio of 36.54, a price-to-earnings-growth ratio of 3.04 and a beta of 0.88. The firm's 50-day moving average price is $66.30 and its two-hundred day moving average price is $66.27.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its earnings results on Thursday, May 9th. The software maker reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. Alarm.com had a return on equity of 12.14% and a net margin of 10.08%. The firm had revenue of $223.28 million for the quarter, compared to analyst estimates of $218.32 million. On average, research analysts expect that Alarm.com Holdings, Inc. will post 1.43 EPS for the current fiscal year.

Insider Activity at Alarm.com

In other Alarm.com news, CEO Stephen Trundle sold 3,217 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $70.00, for a total value of $225,190.00. Following the sale, the chief executive officer now directly owns 234,449 shares in the company, valued at $16,411,430. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Alarm.com news, insider Daniel Ramos sold 1,418 shares of Alarm.com stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $70.00, for a total value of $99,260.00. Following the transaction, the insider now owns 38,282 shares of the company's stock, valued at $2,679,740. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Stephen Trundle sold 3,217 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total transaction of $225,190.00. Following the sale, the chief executive officer now directly owns 234,449 shares of the company's stock, valued at approximately $16,411,430. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,351 shares of company stock worth $444,570. 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.