New York State Teachers Retirement System Sells 424 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

New York State Teachers Retirement System trimmed its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 1.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 43,808 shares of the software maker’s stock after selling 424 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Alarm.com worth $2,664,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vontobel Holding Ltd. bought a new position in Alarm.com during the 4th quarter valued at about $2,270,000. Entropy Technologies LP raised its stake in shares of Alarm.com by 63.8% in the fourth quarter. Entropy Technologies LP now owns 6,677 shares of the software maker’s stock worth $406,000 after acquiring an additional 2,600 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Alarm.com by 50.1% in the fourth quarter. Pacer Advisors Inc. now owns 1,888 shares of the software maker’s stock worth $115,000 after acquiring an additional 630 shares during the last quarter. KBC Group NV raised its stake in shares of Alarm.com by 47.9% in the fourth quarter. KBC Group NV now owns 1,920 shares of the software maker’s stock worth $117,000 after acquiring an additional 622 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Alarm.com by 61.6% in the fourth quarter. SG Americas Securities LLC now owns 10,473 shares of the software maker’s stock worth $637,000 after acquiring an additional 3,992 shares during the last quarter. 91.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ALRM has been the subject of several analyst reports. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Jefferies Financial Group began coverage on shares of Alarm.com in a report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price objective for the company. The Goldman Sachs Group boosted their price objective on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, November 8th. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. Finally, Barclays boosted their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. One 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $64.40.

Alarm.com Trading Down 1.7 %

ALRM stock opened at $59.55 on Friday. The company has a market capitalization of $2.94 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 3.66 and a beta of 0.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. Alarm.com Holdings, Inc. has a 52 week low of $51.87 and a 52 week high of $77.29. The company’s 50-day simple moving average is $61.91 and its 200 day simple moving average is $59.65.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). The firm had revenue of $242.24 million for the quarter, compared to analyst estimates of $237.44 million. Alarm.com had a return on equity of 13.78% and a net margin of 13.54%. As a group, sell-side analysts anticipate that Alarm.com Holdings, Inc. will post 1.65 earnings per share for the current year.

Insiders Place Their Bets

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

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.