Teacher Retirement System of Texas Purchases 43,210 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Teacher Retirement System of Texas increased its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 248.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,631 shares of the software maker's stock after acquiring an additional 43,210 shares during the period. Teacher Retirement System of Texas owned approximately 0.12% of Alarm.com worth $3,686,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ALRM. Thrivent Financial for Lutherans increased its position in shares of Alarm.com by 2.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 42,635 shares of the software maker's stock valued at $2,330,000 after purchasing an additional 971 shares during the last quarter. Intech Investment Management LLC purchased a new position in Alarm.com during the third quarter worth $811,000. Charles Schwab Investment Management Inc. increased its position in Alarm.com by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker's stock valued at $28,513,000 after acquiring an additional 7,567 shares during the last quarter. Nicolet Advisory Services LLC raised its stake in shares of Alarm.com by 6.0% in the third quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker's stock valued at $250,000 after acquiring an additional 272 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in shares of Alarm.com by 8.5% during the 3rd quarter. Fisher Asset Management LLC now owns 232,424 shares of the software maker's stock worth $12,707,000 after purchasing an additional 18,263 shares during the period. 91.74% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of 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 given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $64.40.

Alarm.com Trading Down 3.1 %

Alarm.com stock traded down $1.78 during trading hours on Friday, hitting $55.81. The company had a trading volume of 259,772 shares, compared to its average volume of 403,826. The firm has a market cap of $2.77 billion, a P/E ratio of 24.37, a P/E/G ratio of 3.59 and a beta of 1.10. The company has a 50-day moving average price of $60.10 and a two-hundred day moving average price of $59.37. Alarm.com Holdings, Inc. has a 1 year low of $51.87 and a 1 year high of $72.37. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85.

Alarm.com (NASDAQ:ALRM - Get Free Report) last announced 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). Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. The firm had revenue of $242.24 million during the quarter, compared to analysts' expectations of $237.44 million. On average, sell-side analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Insider Activity

In related news, CFO Steve Valenzuela sold 3,436 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total value of $200,834.20. Following the completion of the transaction, the chief financial officer now owns 37,500 shares of the company's stock, valued at $2,191,875. The trade was a 8.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 5.60% of the company's stock.

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.