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

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

A number of other hedge funds also recently bought and sold shares of ALRM. M&G PLC purchased a new position in Alarm.com during the 3rd quarter valued at about $9,583,000. Disciplined Growth Investors Inc. MN boosted its position in Alarm.com by 6.0% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock valued at $157,168,000 after acquiring an additional 163,851 shares in the last quarter. FMR LLC boosted its position in Alarm.com by 129.0% during the 3rd quarter. FMR LLC now owns 153,865 shares of the software maker’s stock valued at $8,412,000 after acquiring an additional 86,683 shares in the last quarter. Barclays PLC boosted its position in Alarm.com by 323.2% during the 3rd quarter. Barclays PLC now owns 91,402 shares of the software maker’s stock valued at $4,997,000 after acquiring an additional 69,804 shares in the last quarter. Finally, DF Dent & Co. Inc. boosted its position in Alarm.com by 23.3% during the 3rd quarter. DF Dent & Co. Inc. now owns 359,399 shares of the software maker’s stock valued at $19,648,000 after acquiring an additional 67,824 shares in the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $50.00 price objective (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Barclays lifted their price objective 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. 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 objective on the stock. Finally, The Goldman Sachs Group boosted their price target on Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $64.40.

Insider Activity at Alarm.com

In related news, insider Daniel Kerzner sold 32,851 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $66.40, for a total value of $2,181,306.40. Following the transaction, the insider now directly owns 59,668 shares of the company’s stock, valued at approximately $3,961,955.20. This represents a 35.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen Trundle sold 47,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $68.18, for a total value of $3,238,550.00. Following the completion of the transaction, the chief executive officer now directly owns 252,682 shares in the company, valued at $17,227,858.76. This trade represents a 15.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Alarm.com Stock Performance

Shares of ALRM opened at $58.32 on Tuesday. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. The business’s 50 day moving average price is $61.23 and its 200-day moving average price is $59.49. Alarm.com Holdings, Inc. has a 52 week low of $51.87 and a 52 week high of $76.34. The stock has a market cap of $2.90 billion, a P/E ratio of 25.47, a P/E/G ratio of 3.59 and a beta of 0.98.

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

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.