NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Shares Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. boosted its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 19.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,572 shares of the industrial products company’s stock after purchasing an additional 1,893 shares during the quarter. Avantax Advisory Services Inc.’s holdings in NAPCO Security Technologies were worth $266,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NSSC. GAMMA Investing LLC boosted its holdings in NAPCO Security Technologies by 227.2% in the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 768 shares during the period. Caption Management LLC acquired a new position in NAPCO Security Technologies in the fourth quarter worth $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in NAPCO Security Technologies in the fourth quarter worth $53,000. Mpwm Advisory Solutions LLC acquired a new position in NAPCO Security Technologies in the fourth quarter worth $54,000. Finally, Farther Finance Advisors LLC boosted its holdings in NAPCO Security Technologies by 35.4% in the first quarter. Farther Finance Advisors LLC now owns 3,832 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 1,002 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

Analyst Upgrades and Downgrades

NSSC has been the subject of a number of research reports. Mizuho initiated coverage on shares of NAPCO Security Technologies in a report on Thursday, July 10th. They issued an “outperform” rating and a $39.00 price objective for the company. Lake Street Capital set a $26.00 price target on shares of NAPCO Security Technologies in a report on Monday, May 5th. Needham & Company LLC reduced their price target on shares of NAPCO Security Technologies from $37.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. Finally, DA Davidson set a $33.00 price target on shares of NAPCO Security Technologies and gave the company a “buy” rating in a report on Wednesday, June 25th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, NAPCO Security Technologies currently has an average rating of “Hold” and an average target price of $30.83.

NAPCO Security Technologies Stock Performance

Shares of NSSC opened at $29.90 on Friday. NAPCO Security Technologies, Inc. has a 1 year low of $19.00 and a 1 year high of $58.09. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 24.51 and a beta of 1.42. The firm has a fifty day moving average of $29.61 and a 200-day moving average of $26.93.

NAPCO Security Technologies Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.