Schwab Charles Investment Management Inc. Buys 32,704 Shares of AlarmCom Hldg Inc (ALRM)
Schwab Charles Investment Management Inc. grew its stake in AlarmCom Hldg Inc (NASDAQ:ALRM) by 53.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 93,368 shares of the software maker’s stock after acquiring an additional 32,704 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in AlarmCom were worth $4,219,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of ALRM. Rhumbline Advisers increased its stake in shares of AlarmCom by 102.6% in the 2nd quarter. Rhumbline Advisers now owns 23,134 shares of the software maker’s stock worth $871,000 after acquiring an additional 11,716 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of AlarmCom by 38.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 364,064 shares of the software maker’s stock worth $13,700,000 after acquiring an additional 100,698 shares during the last quarter. Legal & General Group Plc increased its stake in shares of AlarmCom by 57.4% in the 2nd quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock worth $172,000 after acquiring an additional 1,673 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of AlarmCom by 95.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock worth $156,000 after acquiring an additional 2,033 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of AlarmCom by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,215 shares of the software maker’s stock worth $159,000 after acquiring an additional 632 shares during the last quarter. 83.16% of the stock is owned by institutional investors and hedge funds.
In related news, Director Hugh Panero sold 16,114 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $37.26, for a total transaction of $600,407.64. Following the completion of the transaction, the director now directly owns 58,615 shares in the company, valued at approximately $2,183,994.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vii Lp Tcv sold 121,885 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $42.40, for a total value of $5,167,924.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 283,178 shares of company stock valued at $12,111,202. Company insiders own 46.80% of the company’s stock.
A number of analysts have issued reports on ALRM shares. William Blair reaffirmed an “outperform” rating on shares of AlarmCom in a research note on Thursday, September 21st. Jefferies Group started coverage on AlarmCom in a research note on Friday, October 6th. They issued a “hold” rating and a $43.00 target price for the company. Zacks Investment Research downgraded AlarmCom from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Northland Securities reiterated a “buy” rating and set a $51.00 price target on shares of AlarmCom in a report on Friday, October 13th. Finally, Bank of America increased their price target on AlarmCom from $46.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. AlarmCom presently has a consensus rating of “Hold” and an average target price of $46.90.
AlarmCom Hldg Inc (NASDAQ ALRM) opened at $36.54 on Friday. The firm has a market capitalization of $1,720.00 and a price-to-earnings ratio of 56.22. The company has a current ratio of 3.16, a quick ratio of 2.88 and a debt-to-equity ratio of -0.81. AlarmCom Hldg Inc has a twelve month low of $26.84 and a twelve month high of $49.49.
AlarmCom (NASDAQ:ALRM) last released its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. The business had revenue of $90.00 million during the quarter, compared to analysts’ expectations of $83.04 million. AlarmCom had a return on equity of 27.45% and a net margin of 16.79%. The company’s revenue was up 32.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 EPS. research analysts predict that AlarmCom Hldg Inc will post 0.82 earnings per share for the current year.
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AlarmCom Company Profile
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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