Cortland Associates Inc. MO Decreases Position in ADT Inc. (NYSE:ADT)

Cortland Associates Inc. MO decreased its position in shares of ADT Inc. (NYSE:ADT) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,616 shares of the security and automation business’s stock after selling 2,800 shares during the period. Cortland Associates Inc. MO’s holdings in ADT were worth $225,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in ADT by 11.7% during the fourth quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business’s stock worth $238,906,000 after acquiring an additional 3,632,502 shares during the period. State Street Corp lifted its position in shares of ADT by 7.5% in the third quarter. State Street Corp now owns 6,597,684 shares of the security and automation business’s stock valued at $48,060,000 after acquiring an additional 457,918 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of ADT by 35.6% in the third quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock valued at $42,487,000 after acquiring an additional 1,543,677 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of ADT by 12.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,649,347 shares of the security and automation business’s stock valued at $33,615,000 after acquiring an additional 518,515 shares in the last quarter. Finally, FMR LLC lifted its position in shares of ADT by 1.4% in the third quarter. FMR LLC now owns 2,003,325 shares of the security and automation business’s stock valued at $14,484,000 after acquiring an additional 27,711 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

ADT Trading Up 0.6 %

Shares of ADT opened at $7.61 on Thursday. The company has a market capitalization of $6.90 billion, a P/E ratio of 8.27 and a beta of 1.51. ADT Inc. has a one year low of $6.10 and a one year high of $8.25. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. The stock has a 50-day moving average price of $7.24 and a 200 day moving average price of $7.29.

Wall Street Analysts Forecast Growth

ADT has been the subject of several research analyst reports. Morgan Stanley upped their price target on ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada restated a “sector perform” rating and set a $9.00 price target on shares of ADT in a research note on Wednesday. Finally, The Goldman Sachs Group upped their price target on ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research note on Friday, October 25th.

About ADT

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.