Fisher Asset Management LLC Buys 21,792 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Fisher Asset Management LLC lifted its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 9.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,216 shares of the software maker’s stock after acquiring an additional 21,792 shares during the period. Fisher Asset Management LLC owned approximately 0.51% of Alarm.com worth $15,456,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quarry LP boosted its stake in Alarm.com by 291.7% during the third quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after buying an additional 525 shares during the period. Nisa Investment Advisors LLC boosted its stake in Alarm.com by 134.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock valued at $57,000 after buying an additional 539 shares during the period. Huntington National Bank boosted its stake in Alarm.com by 52.4% during the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after buying an additional 367 shares during the period. GAMMA Investing LLC boosted its stake in Alarm.com by 29.5% during the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock valued at $64,000 after buying an additional 238 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in Alarm.com by 50.1% during the fourth quarter. Pacer Advisors Inc. now owns 1,888 shares of the software maker’s stock valued at $115,000 after buying an additional 630 shares during the period. 91.74% of the stock is owned by institutional investors.

Insider Transactions at Alarm.com

In other news, CEO Stephen Trundle sold 47,500 shares of Alarm.com stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total value of $3,238,550.00. Following the transaction, the chief executive officer now owns 252,682 shares in the company, valued at approximately $17,227,858.76. The trade was a 15.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel Kerzner sold 32,851 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $66.40, for a total value of $2,181,306.40. Following the transaction, the insider now owns 59,668 shares in the company, valued at approximately $3,961,955.20. This represents a 35.51 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ALRM shares. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. Barclays raised their price target on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. The Goldman Sachs Group raised their price target on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group began coverage on Alarm.com in a research report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $64.40.

Alarm.com Trading Up 0.4 %

NASDAQ ALRM opened at $58.32 on Tuesday. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 3.59 and a beta of 0.98. The stock’s 50-day simple moving average is $61.23 and its two-hundred day simple moving average is $59.49. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. Alarm.com Holdings, Inc. has a twelve month low of $51.87 and a twelve month high of $76.34.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.06). The company had revenue of $242.24 million during the quarter, compared to analysts’ expectations of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. Research analysts forecast that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

About Alarm.com

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.