Swiss National Bank Sells 1,300 Shares of NAPCO Security Technologies, Inc. $NSSC

Swiss National Bank lessened its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 1.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,100 shares of the industrial products company’s stock after selling 1,300 shares during the quarter. Swiss National Bank owned about 0.20% of NAPCO Security Technologies worth $1,637,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. CenterBook Partners LP purchased a new stake in shares of NAPCO Security Technologies in the first quarter worth about $8,199,000. Deutsche Bank AG increased its holdings in NAPCO Security Technologies by 467.7% during the 1st quarter. Deutsche Bank AG now owns 173,942 shares of the industrial products company’s stock worth $4,004,000 after acquiring an additional 143,304 shares during the period. Vanguard Group Inc. increased its holdings in NAPCO Security Technologies by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 2,901,671 shares of the industrial products company’s stock worth $66,796,000 after acquiring an additional 52,020 shares during the period. XTX Topco Ltd lifted its stake in NAPCO Security Technologies by 118.3% in the 1st quarter. XTX Topco Ltd now owns 19,539 shares of the industrial products company’s stock worth $450,000 after purchasing an additional 10,589 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in NAPCO Security Technologies by 3.4% in the 1st quarter. GSA Capital Partners LLP now owns 35,965 shares of the industrial products company’s stock valued at $828,000 after purchasing an additional 1,186 shares during the period. 85.07% of the stock is currently owned by institutional investors.

NAPCO Security Technologies Stock Performance

NASDAQ NSSC opened at $31.70 on Monday. NAPCO Security Technologies, Inc. has a 52-week low of $19.00 and a 52-week high of $56.07. The company has a fifty day moving average of $30.08 and a 200-day moving average of $26.70. The company has a market capitalization of $1.13 billion, a P/E ratio of 25.98 and a beta of 1.42.

Analysts Set New Price Targets

NSSC has been the subject of a number of recent analyst reports. Mizuho assumed coverage on shares of NAPCO Security Technologies in a research report on Thursday, July 10th. They set an “outperform” rating and a $39.00 price target for the company. Lake Street Capital set a $26.00 target price on NAPCO Security Technologies in a research report on Monday, May 5th. DA Davidson set a $33.00 target price on NAPCO Security Technologies and gave the stock a “buy” rating in a research note on Wednesday, June 25th. Finally, Needham & Company LLC lowered their price target on NAPCO Security Technologies from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $30.83.

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.