MetLife Investment Management LLC raised its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM – Get Rating) by 1.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 25,426 shares of the software maker’s stock after purchasing an additional 288 shares during the period. MetLife Investment Management LLC owned 0.05% of Alarm.com worth $1,649,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of ALRM. Riverbridge Partners LLC lifted its holdings in Alarm.com by 9.0% in the third quarter. Riverbridge Partners LLC now owns 1,964,425 shares of the software maker’s stock valued at $127,413,000 after buying an additional 161,778 shares during the period. Geneva Capital Management LLC lifted its stake in shares of Alarm.com by 4.2% in the 3rd quarter. Geneva Capital Management LLC now owns 1,296,643 shares of the software maker’s stock valued at $84,100,000 after purchasing an additional 52,315 shares during the period. Bares Capital Management Inc. grew its stake in Alarm.com by 3.2% during the second quarter. Bares Capital Management Inc. now owns 868,726 shares of the software maker’s stock worth $53,739,000 after purchasing an additional 26,802 shares during the period. Dimensional Fund Advisors LP lifted its stake in Alarm.com by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 845,830 shares of the software maker’s stock valued at $54,862,000 after buying an additional 7,208 shares during the period. Finally, Jarislowsky Fraser Ltd boosted its holdings in shares of Alarm.com by 2.4% during the 3rd quarter. Jarislowsky Fraser Ltd now owns 480,278 shares of the software maker’s stock worth $31,150,000 after buying an additional 11,298 shares in the last quarter. 91.93% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on ALRM shares. StockNews.com lowered shares of Alarm.com from a “buy” rating to a “hold” rating in a research note on Tuesday, February 21st. Maxim Group decreased their target price on Alarm.com from $75.00 to $70.00 in a research report on Monday. Raymond James cut their price target on Alarm.com from $83.00 to $65.00 and set a “strong-buy” rating on the stock in a report on Wednesday, November 9th. Barclays decreased their price objective on Alarm.com from $70.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, November 8th. Finally, TheStreet cut Alarm.com from a “b-” rating to a “c” rating in a report on Wednesday, November 9th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.20.
Alarm.com Stock Performance
Insider Activity at Alarm.com
In other news, CFO Steve Valenzuela sold 478 shares of the company’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $56.01, for a total value of $26,772.78. Following the completion of the sale, the chief financial officer now owns 35,831 shares in the company, valued at approximately $2,006,894.31. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.50% of the stock is currently owned by insiders.
About Alarm.com
Alarm.com Holdings, Inc engages in the provision of wireless and web-enabled security system technology. The firm offers security, video monitoring, and energy management solutions. It operates through the Alarm.com and Other segments. The Alarm.com segment represents cloud-based platform for the connected home and related connected home solutions.
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