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

Fisher Asset Management LLC cut its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 214,202 shares of the software maker’s stock after selling 2,948 shares during the quarter. Fisher Asset Management LLC owned approximately 0.43% of Alarm.com worth $13,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. increased its stake in shares of Alarm.com by 1.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 17,121 shares of the software maker’s stock valued at $1,047,000 after buying an additional 188 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Alarm.com by 12.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,293 shares of the software maker’s stock valued at $629,000 after purchasing an additional 1,162 shares during the period. Strs Ohio increased its position in Alarm.com by 500.0% during the 3rd quarter. Strs Ohio now owns 1,800 shares of the software maker’s stock valued at $110,000 after purchasing an additional 1,500 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in Alarm.com by 44.8% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 9,952 shares of the software maker’s stock worth $608,000 after purchasing an additional 3,078 shares in the last quarter. Finally, Oak Ridge Investments LLC purchased a new stake in shares of Alarm.com in the 3rd quarter worth about $4,310,000. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ALRM. StockNews.com raised shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 15th. JPMorgan Chase & Co. increased their target price on Alarm.com from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. TheStreet upgraded Alarm.com from a “c+” rating to a “b-” rating in a research note on Friday, February 23rd. Finally, Barclays upped their price target on Alarm.com from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $68.83.

Alarm.com Stock Up 0.8 %

Shares of NASDAQ:ALRM opened at $68.27 on Monday. The company has a current ratio of 5.46, a quick ratio of 4.91 and a debt-to-equity ratio of 0.72. The stock has a fifty day simple moving average of $70.64 and a two-hundred day simple moving average of $63.81. Alarm.com Holdings, Inc. has a 12-month low of $44.92 and a 12-month high of $77.29. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 44.62, a PEG ratio of 3.87 and a beta of 0.94.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings results on Thursday, February 22nd. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $226.20 million during the quarter, compared to analysts’ expectations of $224.93 million. Alarm.com had a return on equity of 11.61% and a net margin of 9.19%. Alarm.com’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 EPS. On average, research analysts anticipate that Alarm.com Holdings, Inc. will post 1.39 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Steve Valenzuela sold 9,583 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $73.89, for a total value of $708,087.87. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,770,875. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Steve Valenzuela sold 9,583 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $73.89, for a total transaction of $708,087.87. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at $2,770,875. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Ramos sold 1,418 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total transaction of $99,260.00. Following the completion of the sale, the insider now owns 38,282 shares in the company, valued at approximately $2,679,740. The disclosure for this sale can be found here. Insiders have sold a total of 111,532 shares of company stock worth $8,116,333 over the last 90 days. 5.60% of the stock is currently owned by insiders.

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.