Janus Henderson Group PLC Trims Holdings in NAPCO Security Technologies, Inc. $NSSC

Janus Henderson Group PLC decreased its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 9.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,424,963 shares of the industrial products company’s stock after selling 144,400 shares during the quarter. Janus Henderson Group PLC’s holdings in NAPCO Security Technologies were worth $56,143,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NSSC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of NAPCO Security Technologies by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,899 shares of the industrial products company’s stock valued at $481,000 after acquiring an additional 885 shares in the last quarter. Millennium Management LLC lifted 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 valued at $17,721,000 after acquiring an additional 295,755 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of NAPCO Security Technologies by 75.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock worth $13,565,000 after purchasing an additional 254,007 shares in the last quarter. Jane Street Group LLC boosted its holdings in NAPCO Security Technologies by 351.7% in the first quarter. Jane Street Group LLC now owns 98,221 shares of the industrial products company’s stock worth $2,261,000 after acquiring an additional 76,478 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in NAPCO Security Technologies in the 1st quarter worth approximately $91,000. 85.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. DA Davidson restated a “buy” rating and set a $52.00 price objective on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Weiss Ratings lowered NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. TD Cowen reiterated a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Finally, Wall Street Zen cut shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $48.67.

NAPCO Security Technologies Stock Performance

Shares of NAPCO Security Technologies stock opened at $37.08 on Friday. The stock has a 50 day moving average of $36.69 and a 200 day moving average of $40.05. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 35.65 and a beta of 1.44. NAPCO Security Technologies, Inc. has a fifty-two week low of $29.27 and a fifty-two week high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, May 4th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. NAPCO Security Technologies had a net margin of 18.70% and a return on equity of 28.93%. The firm had revenue of $49.17 million for the quarter, compared to analyst estimates of $49.26 million. During the same period in the previous year, the firm earned $0.28 EPS. NAPCO Security Technologies’s revenue was up 11.8% on a year-over-year basis. Analysts forecast that NAPCO Security Technologies, Inc. will post 1.49 EPS for the current year.

NAPCO Security Technologies 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.