Arizona State Retirement System trimmed its position in shares of Arlo Technologies Inc (NYSE:ARLO) by 42.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,485 shares of the company’s stock after selling 37,439 shares during the quarter. Arizona State Retirement System owned 0.07% of Arlo Technologies worth $213,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Johanson Financial Advisors Inc. bought a new position in shares of Arlo Technologies during the fourth quarter worth $1,000,000. SG Americas Securities LLC bought a new stake in Arlo Technologies in the 3rd quarter valued at $44,000. California Public Employees Retirement System lifted its position in Arlo Technologies by 5.8% in the 3rd quarter. California Public Employees Retirement System now owns 249,917 shares of the company’s stock valued at $852,000 after acquiring an additional 13,700 shares in the last quarter. Rhumbline Advisers lifted its position in Arlo Technologies by 6.7% in the 3rd quarter. Rhumbline Advisers now owns 236,663 shares of the company’s stock valued at $807,000 after acquiring an additional 14,877 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in Arlo Technologies by 87.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 32,915 shares of the company’s stock valued at $132,000 after acquiring an additional 15,341 shares in the last quarter. 82.63% of the stock is currently owned by institutional investors.
Several equities research analysts recently commented on ARLO shares. Zacks Investment Research raised shares of Arlo Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Deutsche Bank started coverage on shares of Arlo Technologies in a research report on Monday, November 11th. They issued a “buy” rating and a $4.00 price objective on the stock.
ARLO opened at $3.39 on Friday. The stock has a market capitalization of $264.99 million, a P/E ratio of -1.84 and a beta of 0.69. Arlo Technologies Inc has a 12 month low of $2.66 and a 12 month high of $5.13. The firm’s fifty day simple moving average is $4.33 and its 200 day simple moving average is $3.64. The company has a current ratio of 1.74, a quick ratio of 1.37 and a debt-to-equity ratio of 0.17.
About Arlo Technologies
Arlo Technologies, Inc provides smart connected devices to monitor the environments in real-time with a Wi-Fi or a cellular network Internet connection in the Americas, Europe, the Middle-East and Africa, and the Asia Pacific regions. It offers Arlo Security Camera, a battery-operated Wi-Fi security camera; Arlo Q and Arlo Q Plus, an indoor wired solution that allow users to monitor their surroundings; Arlo Pro, a battery-operated weather-resistant Wi-Fi camera; Arlo Go, an LTE-enabled wire-free camera that provides untethered mobile monitoring; and Arlo Baby, a baby monitor with air quality and temperature sensors, motion and audio detection, and advanced night vision.
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