Intech Investment Management LLC Acquires 11,157 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Intech Investment Management LLC raised its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 75.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,993 shares of the software maker’s stock after buying an additional 11,157 shares during the quarter. Intech Investment Management LLC owned 0.05% of Alarm.com worth $1,580,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Centaurus Financial Inc. increased its holdings in Alarm.com by 3.7% in the 3rd quarter. Centaurus Financial Inc. now owns 236,644 shares of the software maker’s stock valued at $12,937,000 after buying an additional 8,456 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Alarm.com by 4.5% in the 4th quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker’s stock worth $16,130,000 after purchasing an additional 11,531 shares during the last quarter. Atomi Financial Group Inc. bought a new stake in shares of Alarm.com in the 4th quarter worth about $259,000. Victory Capital Management Inc. grew its holdings in shares of Alarm.com by 369.7% in the 3rd quarter. Victory Capital Management Inc. now owns 69,545 shares of the software maker’s stock worth $3,802,000 after purchasing an additional 54,738 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Alarm.com in the 3rd quarter worth about $1,322,000. Institutional investors own 91.74% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Alarm.com currently has an average rating of “Hold” and a consensus price target of $64.40.

Alarm.com Stock Down 0.7 %

Shares of NASDAQ:ALRM opened at $56.54 on Friday. Alarm.com Holdings, Inc. has a 12 month low of $51.87 and a 12 month high of $74.25. The company’s 50-day moving average price is $60.45 and its two-hundred day moving average price is $59.36. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. The firm has a market cap of $2.81 billion, a P/E ratio of 24.69, a P/E/G ratio of 3.59 and a beta of 1.10.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. The business had revenue of $242.24 million for the quarter, compared to analyst estimates of $237.44 million. As a group, research analysts forecast that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 3,436 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total transaction of $200,834.20. Following the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,191,875. This represents a 8.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

About Alarm.com

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.