Arrowstreet Capital Limited Partnership Grows Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Arrowstreet Capital Limited Partnership increased its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 120.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 400,810 shares of the software maker’s stock after purchasing an additional 219,203 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Alarm.com were worth $24,369,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ALRM. Charles Schwab Investment Management Inc. grew its position in shares of Alarm.com by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker’s stock worth $28,513,000 after buying an additional 7,567 shares during the period. FMR LLC boosted its stake in Alarm.com by 129.0% during the third quarter. FMR LLC now owns 153,865 shares of the software maker’s stock worth $8,412,000 after acquiring an additional 86,683 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Alarm.com by 6.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,042 shares of the software maker’s stock worth $604,000 after purchasing an additional 649 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Alarm.com by 97.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,671 shares of the software maker’s stock valued at $146,000 after purchasing an additional 1,320 shares in the last quarter. Finally, Holocene Advisors LP lifted its holdings in shares of Alarm.com by 108.1% during the third quarter. Holocene Advisors LP now owns 58,529 shares of the software maker’s stock valued at $3,200,000 after purchasing an additional 30,404 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

Insider Buying and Selling

In other news, CFO Steve Valenzuela sold 3,436 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total transaction of $200,834.20. Following the sale, the chief financial officer now owns 37,500 shares of the company’s stock, valued at $2,191,875. This trade represents a 8.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.60% of the stock is owned by corporate insiders.

Alarm.com Trading Down 5.8 %

Shares of NASDAQ ALRM opened at $52.50 on Friday. The company has a market cap of $2.61 billion, a PE ratio of 22.93, a P/E/G ratio of 3.59 and a beta of 1.03. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The firm’s 50 day moving average price is $59.54 and its 200-day moving average price is $59.39. Alarm.com Holdings, Inc. has a 52-week low of $51.87 and a 52-week high of $71.98.

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

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $64.40.

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.