Rice Hall James & Associates LLC Takes Position in NAPCO Security Technologies, Inc. $NSSC

Rice Hall James & Associates LLC bought a new stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) in the second quarter, HoldingsChannel reports. The institutional investor bought 153,577 shares of the industrial products company’s stock, valued at approximately $5,833,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership raised its holdings in NAPCO Security Technologies by 668.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 861,141 shares of the industrial products company’s stock worth $36,986,000 after purchasing an additional 749,065 shares during the last quarter. Copeland Capital Management LLC increased its holdings in NAPCO Security Technologies by 41.4% during the 1st quarter. Copeland Capital Management LLC now owns 2,009,089 shares of the industrial products company’s stock valued at $79,138,000 after acquiring an additional 588,297 shares in the last quarter. First Trust Advisors LP purchased a new position in NAPCO Security Technologies during the 3rd quarter valued at about $24,305,000. Bank of New York Mellon Corp acquired a new position in NAPCO Security Technologies during the second quarter worth about $11,812,000. Finally, Millennium Management LLC raised its position in NAPCO Security Technologies by 62.4% during the first quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock worth $17,721,000 after acquiring an additional 295,755 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

NAPCO Security Technologies Trading Down 0.7%

NASDAQ NSSC opened at $38.06 on Tuesday. The business’s 50-day moving average price is $37.41 and its 200 day moving average price is $40.08. NAPCO Security Technologies, Inc. has a twelve month low of $29.88 and a twelve month high of $48.12. The company has a market capitalization of $1.36 billion, a PE ratio of 36.60 and a beta of 1.45.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NSSC. Wall Street Zen lowered shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. TD Cowen reiterated a “buy” rating and set a $53.00 target price (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. DA Davidson reissued a “buy” rating and set a $52.00 price target on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NAPCO Security Technologies in a research report on Friday, August 7th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $48.67.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.