Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 6.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 322,900 shares of the software maker’s stock after acquiring an additional 20,000 shares during the period. Handelsbanken Fonder AB’s holdings in Alarm.com were worth $17,969,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ALRM. Vanguard Group Inc. grew its holdings in Alarm.com by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker’s stock worth $383,091,000 after acquiring an additional 68,907 shares in the last quarter. Northern Trust Corp lifted its position in shares of Alarm.com by 1.5% during the fourth quarter. Northern Trust Corp now owns 704,309 shares of the software maker’s stock worth $42,822,000 after purchasing an additional 10,674 shares during the last quarter. Burgundy Asset Management Ltd. acquired a new position in Alarm.com in the fourth quarter worth about $42,490,000. Norges Bank bought a new stake in Alarm.com in the fourth quarter valued at about $34,841,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Alarm.com by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 530,383 shares of the software maker’s stock valued at $32,247,000 after buying an additional 8,840 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on ALRM. Barclays reduced their target price on Alarm.com from $67.00 to $60.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group reduced their price objective on Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Finally, Raymond James lowered their target price on shares of Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating for the company in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Alarm.com currently has an average rating of “Moderate Buy” and an average price target of $64.33.

Alarm.com Trading Down 1.7%

NASDAQ:ALRM opened at $58.65 on Thursday. Alarm.com Holdings, Inc. has a 12-month low of $48.23 and a 12-month high of $71.98. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. The business has a 50 day simple moving average of $55.04 and a 200 day simple moving average of $59.11. The firm has a market capitalization of $2.92 billion, a P/E ratio of 25.61, a P/E/G ratio of 3.59 and a beta of 1.02.

Insider Activity

In other news, insider Daniel Ramos sold 6,890 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $60.06, for a total value of $413,813.40. Following the completion of the transaction, the insider now owns 38,600 shares of the company’s stock, valued at approximately $2,318,316. This represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Daniel Kerzner sold 932 shares of Alarm.com stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $51,716.68. Following the sale, the insider now owns 58,736 shares in the company, valued at approximately $3,259,260.64. This represents a 1.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,898 shares of company stock valued at $2,089,284. 5.80% of the stock is currently owned by company insiders.

Alarm.com Profile

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.