Fisher Asset Management LLC Raises Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Fisher Asset Management LLC lifted its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 8.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,424 shares of the software maker’s stock after buying an additional 18,263 shares during the quarter. Fisher Asset Management LLC’s holdings in Alarm.com were worth $12,707,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oakworth Capital Inc. purchased a new stake in shares of Alarm.com during the 3rd quarter worth $38,000. Huntington National Bank lifted its stake in shares of Alarm.com by 52.4% in the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after purchasing an additional 367 shares during the period. Point72 DIFC Ltd boosted its holdings in Alarm.com by 293.6% during the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock worth $94,000 after buying an additional 1,101 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Alarm.com during the second quarter worth about $108,000. Finally, CWM LLC increased its holdings in Alarm.com by 42.0% in the second quarter. CWM LLC now owns 2,088 shares of the software maker’s stock valued at $133,000 after buying an additional 618 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. reissued an “underweight” rating and set a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. Jefferies Financial Group began coverage on Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price on the stock. Barclays lifted their price target on Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. The Goldman Sachs Group increased their price objective on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Roth Mkm cut their target price on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. One equities research 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.com, the stock presently has an average rating of “Hold” and a consensus target price of $64.40.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, Director Stephen C. Evans sold 2,625 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total value of $156,633.75. Following the completion of the transaction, the director now directly owns 5,767 shares in the company, valued at approximately $344,116.89. The trade was a 31.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 5.60% of the stock is owned by insiders.

Alarm.com Stock Down 0.6 %

ALRM opened at $64.17 on Thursday. The firm has a market cap of $3.17 billion, a P/E ratio of 27.78, a PEG ratio of 3.88 and a beta of 0.90. The business’s fifty day simple moving average is $56.09 and its 200 day simple moving average is $60.76. Alarm.com Holdings, Inc. has a 52 week low of $51.87 and a 52 week high of $77.29. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42.

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.