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

Fisher Asset Management LLC lifted its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 8.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 232,424 shares of the software maker’s stock after purchasing an additional 18,263 shares during the period. Fisher Asset Management LLC owned about 0.47% of Alarm.com worth $12,707,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ALRM. Disciplined Growth Investors Inc. MN lifted its holdings in Alarm.com by 6.2% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,710,998 shares of the software maker’s stock worth $172,257,000 after buying an additional 158,465 shares during the last quarter. Geneva Capital Management LLC lifted its stake in Alarm.com by 0.8% during the third quarter. Geneva Capital Management LLC now owns 1,307,482 shares of the software maker’s stock worth $71,480,000 after purchasing an additional 10,630 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Alarm.com by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,162,877 shares of the software maker’s stock valued at $73,889,000 after purchasing an additional 42,281 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Alarm.com by 1.5% in 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 purchasing an additional 7,567 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Alarm.com by 15.8% during the second quarter. Bank of New York Mellon Corp now owns 472,948 shares of the software maker’s stock worth $30,051,000 after purchasing an additional 64,424 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on ALRM shares. JPMorgan Chase & Co. restated an “underweight” rating and issued a $50.00 target price (down previously from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Barclays upped their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research report on Monday. Jefferies Financial Group initiated coverage on Alarm.com in a research report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price for the company. Finally, Roth Mkm cut their price target on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $64.40.

Alarm.com Stock Down 0.6 %

ALRM opened at $64.17 on Thursday. Alarm.com Holdings, Inc. has a 52 week low of $51.87 and a 52 week high of $77.29. The business has a 50 day moving average price of $56.09 and a two-hundred day moving average price of $60.76. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42. The company has a market cap of $3.17 billion, a PE ratio of 27.78, a P/E/G ratio of 3.88 and a beta of 0.90.

Insider Transactions 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 shares were sold at an average price of $59.67, for a total value of $156,633.75. Following the transaction, the director now directly owns 5,767 shares of the company’s stock, valued at approximately $344,116.89. The trade was a 31.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 5.60% of the company’s stock.

Alarm.com Company 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.