Highland Capital Management LLC Purchases 1,810 Shares of ADT Inc. (NYSE:ADT)

Highland Capital Management LLC boosted its position in ADT Inc. (NYSE:ADT) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 29,453 shares of the security and automation business’s stock after buying an additional 1,810 shares during the period. Highland Capital Management LLC’s holdings in ADT were worth $204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in shares of ADT by 20.3% during the third quarter. Pacer Advisors Inc. now owns 30,941,509 shares of the security and automation business’s stock worth $223,707,000 after buying an additional 5,222,972 shares in the last quarter. Geode Capital Management LLC increased its position in ADT by 35.6% during the third quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock worth $42,487,000 after acquiring an additional 1,543,677 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of ADT by 12.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,649,347 shares of the security and automation business’s stock worth $33,615,000 after purchasing an additional 518,515 shares during the period. State Street Corp raised 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 buying an additional 457,918 shares in the last quarter. Finally, Bridgewater Associates LP boosted its stake in shares of ADT by 220.5% in the third quarter. Bridgewater Associates LP now owns 566,077 shares of the security and automation business’s stock valued at $4,093,000 after buying an additional 389,442 shares during the period. 87.22% of the stock is owned by institutional investors and hedge funds.

ADT Trading Down 0.8 %

Shares of ADT stock opened at $7.70 on Friday. ADT Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $8.25. The stock’s fifty day moving average price is $7.25 and its two-hundred day moving average price is $7.30. 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 company has a market cap of $6.98 billion, a PE ratio of 8.36 and a beta of 1.51.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ADT shares. The Goldman Sachs Group raised their price objective on ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $9.00 price target on shares of ADT in a research note on Wednesday. Finally, Morgan Stanley increased their price objective on shares of ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th.

ADT Profile

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.