State of New Jersey Common Pension Fund D Boosts Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

State of New Jersey Common Pension Fund D raised its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 18.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,137 shares of the software maker’s stock after purchasing an additional 5,110 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.07% of Alarm.com worth $1,812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ALRM. Assenagon Asset Management S.A. grew its position in Alarm.com by 230.6% during the third quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker’s stock valued at $20,844,000 after buying an additional 265,936 shares during the period. Bank of Montreal Can boosted its stake in Alarm.com by 2,394.6% in the second quarter. Bank of Montreal Can now owns 273,730 shares of the software maker’s stock valued at $17,406,000 after acquiring an additional 262,757 shares during the last quarter. M&G PLC purchased a new stake in shares of Alarm.com during the 3rd quarter worth approximately $9,583,000. Disciplined Growth Investors Inc. MN increased its stake in shares of Alarm.com by 6.2% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,710,998 shares of the software maker’s stock worth $172,257,000 after purchasing an additional 158,465 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Alarm.com by 1,729.4% in the 2nd quarter. Federated Hermes Inc. now owns 118,231 shares of the software maker’s stock worth $7,512,000 after purchasing an additional 111,768 shares during the period. 91.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $61.81, for a total transaction of $585,711.56. Following the completion of the sale, the insider now owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. This trade represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steve Valenzuela sold 7,400 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value of $445,998.00. Following the transaction, the chief financial officer now owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. The trade was a 16.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ALRM shares. Barclays raised their target price on Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a report on Monday, November 11th. StockNews.com downgraded shares of Alarm.com from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Jefferies Financial Group assumed coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price for the company. Finally, Roth Mkm lowered their price target on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. 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 Stock Down 0.8 %

ALRM stock opened at $59.35 on Tuesday. The stock has a 50-day simple moving average of $55.09 and a two-hundred day simple moving average of $61.11. Alarm.com Holdings, Inc. has a twelve month low of $51.87 and a twelve month high of $77.29. The firm has a market capitalization of $2.93 billion, a PE ratio of 25.69, a PEG ratio of 4.08 and a beta of 0.90. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42.

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.