HBK Investments L P Takes $1.94 Million Position in AlarmCom Hldg Inc (ALRM)

HBK Investments L P acquired a new position in shares of AlarmCom Hldg Inc (NASDAQ:ALRM) during the fourth quarter, Holdings Channel reports. The fund acquired 51,300 shares of the software maker’s stock, valued at approximately $1,937,000.

Several other large investors have also added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its stake in shares of AlarmCom by 303.9% in the fourth quarter. California State Teachers Retirement System now owns 131,410 shares of the software maker’s stock worth $4,961,000 after acquiring an additional 98,874 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of AlarmCom by 33.5% in the fourth quarter. Two Sigma Advisers LP now owns 155,363 shares of the software maker’s stock worth $5,865,000 after acquiring an additional 38,950 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of AlarmCom by 1,277.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 120,303 shares of the software maker’s stock worth $4,541,000 after acquiring an additional 111,567 shares in the last quarter. Guggenheim Capital LLC acquired a new position in shares of AlarmCom in the fourth quarter worth about $325,000. Finally, Deutsche Bank AG increased its holdings in AlarmCom by 192.3% in the fourth quarter. Deutsche Bank AG now owns 164,905 shares of the software maker’s stock valued at $6,224,000 after buying an additional 108,495 shares during the last quarter. Institutional investors and hedge funds own 87.73% of the company’s stock.

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Several brokerages recently weighed in on ALRM. Raymond James Financial reissued an “outperform” rating and issued a $48.00 price objective on shares of AlarmCom in a report on Monday. Maxim Group reissued a “buy” rating and issued a $59.00 price objective (up from $57.00) on shares of AlarmCom in a report on Wednesday, February 28th. Zacks Investment Research raised AlarmCom from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Tuesday, February 27th. BidaskClub raised AlarmCom from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Finally, Imperial Capital raised AlarmCom from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $37.88 to $45.00 in a report on Friday, February 16th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $48.20.

In other news, insider Stephen Trundle sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $39.11, for a total transaction of $977,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Darius G. Nevin bought 10,000 shares of the stock in a transaction dated Friday, March 2nd. The shares were bought at an average cost of $37.21 per share, with a total value of $372,100.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $372,100. The disclosure for this purchase can be found here. 46.80% of the stock is currently owned by corporate insiders.

Shares of AlarmCom Hldg Inc (ALRM) opened at $38.60 on Tuesday. The company has a quick ratio of 3.37, a current ratio of 3.68 and a debt-to-equity ratio of -0.80. The firm has a market capitalization of $1,837.72, a PE ratio of 64.33, a P/E/G ratio of 2.55 and a beta of 1.19. AlarmCom Hldg Inc has a fifty-two week low of $29.70 and a fifty-two week high of $49.49.

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About AlarmCom

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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Institutional Ownership by Quarter for AlarmCom (NASDAQ:ALRM)

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