Envestnet Asset Management Inc. Acquires 264,225 Shares of ADT Inc. $ADT

Envestnet Asset Management Inc. lifted its stake in shares of ADT Inc. (NYSE:ADT) by 92.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 550,277 shares of the security and automation business’s stock after buying an additional 264,225 shares during the period. Envestnet Asset Management Inc. owned about 0.07% of ADT worth $4,793,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ADT. NewEdge Advisors LLC raised its holdings in ADT by 503.0% during the 1st quarter. NewEdge Advisors LLC now owns 13,279 shares of the security and automation business’s stock valued at $108,000 after acquiring an additional 11,077 shares during the period. Caxton Associates LLP bought a new stake in shares of ADT during the 1st quarter valued at $296,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in ADT by 29.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,154,250 shares of the security and automation business’s stock worth $9,396,000 after purchasing an additional 262,480 shares in the last quarter. Focus Partners Wealth boosted its stake in ADT by 75.9% in the 1st quarter. Focus Partners Wealth now owns 54,363 shares of the security and automation business’s stock worth $442,000 after purchasing an additional 23,463 shares during the period. Finally, Sivia Capital Partners LLC purchased a new position in ADT during the 2nd quarter valued at about $93,000. 87.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ADT has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ADT in a research note on Monday, December 29th. Wall Street Zen downgraded ADT from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Zacks Research raised ADT from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Finally, Morgan Stanley decreased their price target on shares of ADT from $9.50 to $9.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, ADT presently has an average rating of “Hold” and an average target price of $9.25.

ADT Price Performance

ADT stock opened at $7.90 on Monday. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 11.44 and a beta of 0.98. ADT Inc. has a 52-week low of $7.28 and a 52-week high of $8.94. The company has a quick ratio of 0.54, a current ratio of 0.67 and a debt-to-equity ratio of 1.99. The firm’s fifty day moving average is $8.05 and its 200 day moving average is $8.33.

ADT Profile

ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.

Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.