Landscape Capital Management L.L.C. Grows Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Landscape Capital Management L.L.C. raised its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 122.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,342 shares of the software maker’s stock after buying an additional 10,114 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Alarm.com were worth $1,003,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust grew its holdings in Alarm.com by 8.3% in the second quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock worth $151,000 after purchasing an additional 183 shares during the last quarter. Arizona State Retirement System grew its stake in Alarm.com by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 13,283 shares of the software maker’s stock worth $844,000 after buying an additional 232 shares during the last quarter. QRG Capital Management Inc. increased its position in Alarm.com by 4.6% during the 2nd quarter. QRG Capital Management Inc. now owns 5,991 shares of the software maker’s stock valued at $381,000 after buying an additional 266 shares in the last quarter. Huntington National Bank raised its stake in Alarm.com by 52.4% in the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after buying an additional 367 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in Alarm.com by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 25,300 shares of the software maker’s stock worth $1,608,000 after acquiring an additional 500 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ALRM shares. Barclays upped their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. The Goldman Sachs Group boosted their target price on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Jefferies Financial Group initiated coverage on shares of Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target for the company. StockNews.com lowered shares of Alarm.com from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $50.00 target price (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Alarm.com currently has an average rating of “Hold” and an average target price of $64.40.

Insider Activity at Alarm.com

In other Alarm.com news, Director Stephen C. Evans sold 2,625 shares of Alarm.com stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total transaction of $156,633.75. Following the completion of the transaction, the director now owns 5,767 shares in the company, valued at approximately $344,116.89. This trade represents a 31.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 5.60% of the stock is currently owned by insiders.

Alarm.com Stock Performance

Shares of NASDAQ ALRM opened at $62.32 on Friday. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 3.58 and a beta of 0.90. Alarm.com Holdings, Inc. has a 12 month low of $51.87 and a 12 month high of $77.29. The company has a 50 day simple moving average of $55.53 and a two-hundred day simple moving average of $60.99. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42.

Alarm.com Company 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.