California Public Employees Retirement System Decreases Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

California Public Employees Retirement System lowered its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,749 shares of the software maker’s stock after selling 2,574 shares during the period. California Public Employees Retirement System’s holdings in Alarm.com were worth $6,317,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC boosted its stake in shares of Alarm.com by 18,200.6% in the third quarter. FMR LLC now owns 312,391 shares of the software maker’s stock valued at $19,100,000 after purchasing an additional 310,684 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in Alarm.com in the third quarter valued at about $14,285,000. Assenagon Asset Management S.A. raised its stake in Alarm.com by 383.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 165,031 shares of the software maker’s stock valued at $10,664,000 after buying an additional 130,901 shares in the last quarter. International Assets Investment Management LLC bought a new position in Alarm.com during the 4th quarter worth approximately $65,980,000. Finally, Richard Bernstein Advisors LLC acquired a new position in shares of Alarm.com in the 3rd quarter worth approximately $5,431,000. Institutional investors and hedge funds own 91.74% of the company’s stock.

Insider Activity at Alarm.com

In other Alarm.com news, insider Daniel Ramos sold 1,418 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total transaction of $99,260.00. Following the completion of the transaction, the insider now owns 38,282 shares in the company, valued at approximately $2,679,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Daniel Ramos sold 1,418 shares of Alarm.com stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $70.00, for a total transaction of $99,260.00. Following the sale, the insider now directly owns 38,282 shares in the company, valued at $2,679,740. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel Kerzner sold 28,433 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $69.98, for a total transaction of $1,989,741.34. Following the completion of the transaction, the insider now owns 57,351 shares of the company’s stock, valued at approximately $4,013,422.98. The disclosure for this sale can be found here. Insiders have sold a total of 111,532 shares of company stock worth $8,116,333 in the last three months. 5.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays raised their price objective on Alarm.com from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. raised their price target on shares of Alarm.com from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. StockNews.com raised shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 15th. Finally, TheStreet raised shares of Alarm.com from a “c+” rating to a “b-” rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $68.83.

Alarm.com Stock Up 0.8 %

Alarm.com stock opened at $68.27 on Friday. The firm has a market capitalization of $3.43 billion, a P/E ratio of 44.62, a P/E/G ratio of 3.84 and a beta of 0.94. The company has a 50-day simple moving average of $70.64 and a 200-day simple moving average of $63.76. Alarm.com Holdings, Inc. has a one year low of $44.92 and a one year high of $77.29. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.91 and a current ratio of 5.46.

Alarm.com (NASDAQ:ALRM) last posted its earnings results on Thursday, February 22nd. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $226.20 million during the quarter, compared to the consensus estimate of $224.93 million. Alarm.com had a return on equity of 11.61% and a net margin of 9.19%. Alarm.com’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the company posted $0.33 EPS. As a group, equities analysts expect that Alarm.com Holdings, Inc. will post 1.39 earnings per share for the current year.

Alarm.com Company 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.