Principal Financial Group Inc. Has $16.13 Million Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Principal Financial Group Inc. lifted its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 265,301 shares of the software maker’s stock after buying an additional 11,531 shares during the quarter. Principal Financial Group Inc. owned about 0.54% of Alarm.com worth $16,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Disciplined Growth Investors Inc. MN increased its position in Alarm.com by 6.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock worth $157,168,000 after acquiring an additional 163,851 shares during the period. Geneva Capital Management LLC increased its position in Alarm.com by 0.8% during the third quarter. Geneva Capital Management LLC now owns 1,307,482 shares of the software maker’s stock worth $71,480,000 after acquiring an additional 10,630 shares during the period. Charles Schwab Investment Management Inc. increased its position in Alarm.com by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker’s stock worth $28,513,000 after acquiring an additional 7,567 shares during the period. Assenagon Asset Management S.A. increased its position in Alarm.com by 2.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker’s stock worth $23,786,000 after acquiring an additional 9,935 shares during the period. Finally, DF Dent & Co. Inc. increased its position in Alarm.com by 23.3% during the third quarter. DF Dent & Co. Inc. now owns 359,399 shares of the software maker’s stock worth $19,648,000 after acquiring an additional 67,824 shares during the period. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ALRM shares. Barclays boosted their target price 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. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Jefferies Financial Group started coverage on shares of Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target on the stock. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. Finally, The Goldman Sachs Group boosted their price target 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $64.40.

Alarm.com Stock Down 2.0 %

ALRM opened at $59.11 on Wednesday. The firm’s 50-day simple moving average is $61.58 and its 200-day simple moving average is $59.53. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. 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 cap of $2.93 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 3.59 and a beta of 0.98.

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

Insider Transactions at Alarm.com

In other news, insider Daniel Kerzner sold 32,851 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $66.40, for a total value of $2,181,306.40. Following the sale, the insider now 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen Trundle sold 47,500 shares of the company’s 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 sale, the chief executive officer now directly owns 252,682 shares in the company, valued at approximately $17,227,858.76. The trade was a 15.82 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

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.