AlarmCom Hldg Inc (ALRM) Stake Increased by Neuburgh Advisers LLC

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Neuburgh Advisers LLC grew its holdings in shares of AlarmCom Hldg Inc (NASDAQ:ALRM) by 21.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,038 shares of the software maker’s stock after acquiring an additional 1,224 shares during the period. Neuburgh Advisers LLC’s holdings in AlarmCom were worth $365,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in AlarmCom by 16.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 404,139 shares of the software maker’s stock worth $16,319,000 after purchasing an additional 56,715 shares in the last quarter. First Trust Advisors LP lifted its holdings in AlarmCom by 23.4% in the 3rd quarter. First Trust Advisors LP now owns 59,126 shares of the software maker’s stock worth $3,394,000 after purchasing an additional 11,204 shares in the last quarter. US Bancorp DE lifted its holdings in AlarmCom by 30.2% in the 3rd quarter. US Bancorp DE now owns 19,963 shares of the software maker’s stock worth $1,147,000 after purchasing an additional 4,625 shares in the last quarter. Comerica Bank lifted its holdings in AlarmCom by 26.2% in the 3rd quarter. Comerica Bank now owns 33,618 shares of the software maker’s stock worth $1,550,000 after purchasing an additional 6,982 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in AlarmCom by 35.4% in the 3rd quarter. Prudential Financial Inc. now owns 58,030 shares of the software maker’s stock worth $3,331,000 after purchasing an additional 15,160 shares in the last quarter. Institutional investors own 96.93% of the company’s stock.

NASDAQ:ALRM opened at $60.99 on Friday. AlarmCom Hldg Inc has a 1 year low of $36.28 and a 1 year high of $65.85. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 46.56, a PEG ratio of 3.15 and a beta of 1.47.

In other AlarmCom news, insider Stephen Trundle sold 30,000 shares of AlarmCom stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $55.42, for a total value of $1,662,600.00. Following the sale, the insider now owns 218,514 shares of the company’s stock, valued at approximately $12,110,045.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Steve Valenzuela sold 1,083 shares of AlarmCom stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $61.00, for a total value of $66,063.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,050 shares of company stock worth $2,888,429. Corporate insiders own 37.10% of the company’s stock.

ALRM has been the topic of a number of research analyst reports. BidaskClub cut AlarmCom from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Zacks Investment Research cut AlarmCom from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 6th. ValuEngine cut AlarmCom from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 5th. Maxim Group reissued a “buy” rating and issued a $74.00 price target (up from $69.00) on shares of AlarmCom in a report on Friday, March 1st. Finally, Raymond James boosted their price target on AlarmCom from $58.00 to $70.00 and gave the stock a “strong-buy” rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $57.09.

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About AlarmCom

Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.

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Institutional Ownership by Quarter for AlarmCom (NASDAQ:ALRM)

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