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

Intech Investment Management LLC purchased a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,836 shares of the software maker’s stock, valued at approximately $811,000.

Other large investors have also made changes to their positions in the company. Parkside Financial Bank & Trust grew its position in Alarm.com by 8.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock worth $151,000 after buying an additional 183 shares during the period. Arizona State Retirement System increased its stake in Alarm.com by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 13,283 shares of the software maker’s stock valued at $844,000 after purchasing an additional 232 shares in the last quarter. QRG Capital Management Inc. raised its holdings in Alarm.com by 4.6% during the second quarter. QRG Capital Management Inc. now owns 5,991 shares of the software maker’s stock worth $381,000 after purchasing an additional 266 shares during the last quarter. Huntington National Bank boosted its position in Alarm.com by 52.4% during the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock worth $58,000 after purchasing an additional 367 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in Alarm.com by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 25,300 shares of the software maker’s stock valued at $1,608,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Wall Street Analyst Weigh In

ALRM has been the topic of several recent research reports. Roth Mkm decreased their price objective on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Barclays raised their price objective 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. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Jefferies Financial Group started coverage on Alarm.com in a research report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $64.40.

Insider Buying and Selling

In other news, Director Stephen C. Evans sold 2,625 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were 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 $344,116.89. This represents a 31.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.60% of the stock is currently owned by company insiders.

Alarm.com Trading Down 0.6 %

Shares of ALRM opened at $64.17 on Friday. Alarm.com Holdings, Inc. has a fifty-two week low of $51.87 and a fifty-two week high of $77.29. The company has a market capitalization of $3.17 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 3.88 and a beta of 0.90. The stock has a fifty day moving average of $56.31 and a two-hundred day moving average of $60.79. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66.

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.