Thrivent Financial For Lutherans acquired a new stake in shares of AlarmCom Hldg Inc (NASDAQ:ALRM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 15,606 shares of the software maker’s stock, valued at approximately $589,000.
Several other hedge funds have also modified their holdings of the company. Blueport Capital L.P. grew its position in shares of AlarmCom by 19.6% during the 4th quarter. Blueport Capital L.P. now owns 10,788 shares of the software maker’s stock valued at $407,000 after acquiring an additional 1,771 shares during the period. SG Americas Securities LLC bought a new stake in shares of AlarmCom during the 3rd quarter valued at $109,000. First Republic Investment Management Inc. grew its position in shares of AlarmCom by 27.5% during the 3rd quarter. First Republic Investment Management Inc. now owns 11,413 shares of the software maker’s stock valued at $516,000 after acquiring an additional 2,460 shares during the period. Envestnet Asset Management Inc. grew its position in shares of AlarmCom by 33.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 11,955 shares of the software maker’s stock valued at $541,000 after acquiring an additional 2,994 shares during the period. Finally, Macquarie Group Ltd. bought a new stake in shares of AlarmCom during the 3rd quarter valued at $147,000. 87.73% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on ALRM shares. Raymond James Financial reissued an “outperform” rating and set a $48.00 price objective on shares of AlarmCom in a research report on Monday, March 19th. Zacks Investment Research downgraded shares of AlarmCom from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. BidaskClub upgraded shares of AlarmCom from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Imperial Capital upgraded shares of AlarmCom from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $37.88 to $45.00 in a research note on Friday, February 16th. Finally, Maxim Group restated a “buy” rating and set a $59.00 target price (up previously from $57.00) on shares of AlarmCom in a research note on Wednesday, February 28th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. AlarmCom presently has a consensus rating of “Buy” and a consensus target price of $48.20.
AlarmCom stock opened at $37.77 on Friday. The company has a debt-to-equity ratio of -0.80, a quick ratio of 3.37 and a current ratio of 3.68. AlarmCom Hldg Inc has a one year low of $29.70 and a one year high of $49.49. The firm has a market cap of $1,782.97, a price-to-earnings ratio of 62.95, a P/E/G ratio of 2.46 and a beta of 1.19.
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Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.
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