Russell Investments Group Ltd. Raises Stake in NAPCO Security Technologies, Inc. $NSSC

Russell Investments Group Ltd. lifted its position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 177.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,066 shares of the industrial products company’s stock after buying an additional 70,427 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.31% of NAPCO Security Technologies worth $2,534,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NSSC. Invesco Ltd. grew its holdings in shares of NAPCO Security Technologies by 1.4% during the fourth quarter. Invesco Ltd. now owns 35,737 shares of the industrial products company’s stock worth $1,271,000 after buying an additional 477 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of NAPCO Security Technologies during the fourth quarter worth about $220,000. Barclays PLC grew its holdings in NAPCO Security Technologies by 4.9% in the fourth quarter. Barclays PLC now owns 65,145 shares of the industrial products company’s stock valued at $2,316,000 after purchasing an additional 3,060 shares during the period. MetLife Investment Management LLC grew its holdings in NAPCO Security Technologies by 5.9% in the fourth quarter. MetLife Investment Management LLC now owns 21,549 shares of the industrial products company’s stock valued at $766,000 after purchasing an additional 1,204 shares during the period. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in NAPCO Security Technologies in the fourth quarter valued at approximately $968,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NSSC shares. Mizuho started coverage on shares of NAPCO Security Technologies in a report on Thursday, July 10th. They issued an “outperform” rating and a $39.00 target price for the company. Needham & Company LLC lowered their target price 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. DA Davidson set a $33.00 target price on shares of NAPCO Security Technologies and gave the company a “buy” rating in a report on Wednesday, June 25th. Finally, Lake Street Capital set a $26.00 target price on shares of NAPCO Security Technologies in a report on Monday, May 5th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $30.83.

NAPCO Security Technologies Stock Up 4.3%

Shares of NSSC stock opened at $31.70 on Monday. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 25.98 and a beta of 1.42. NAPCO Security Technologies, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $56.07. The firm’s 50 day moving average price is $30.08 and its two-hundred day moving average price is $26.70.

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.