Swiss National Bank boosted its holdings in shares of ADT Inc (NYSE:ADT) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 283,200 shares of the security and automation business’s stock after acquiring an additional 1,700 shares during the period. Swiss National Bank’s holdings in ADT were worth $2,246,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of ADT. Apollo Management Holdings L.P. grew its holdings in ADT by 0.6% in the third quarter. Apollo Management Holdings L.P. now owns 631,310,605 shares of the security and automation business’s stock worth $3,958,317,000 after purchasing an additional 3,641,196 shares during the period. Silver Rock Financial LP purchased a new stake in shares of ADT during the 3rd quarter worth about $12,751,000. Phocas Financial Corp. purchased a new stake in shares of ADT during the 3rd quarter worth about $4,606,000. SG Americas Securities LLC raised its stake in shares of ADT by 497.4% during the 4th quarter. SG Americas Securities LLC now owns 442,368 shares of the security and automation business’s stock worth $3,508,000 after purchasing an additional 368,319 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of ADT during the 3rd quarter worth about $2,268,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Bank of America downgraded ADT from a “buy” rating to a “neutral” rating and set a $9.50 price target for the company. in a research note on Monday, December 2nd. Zacks Investment Research raised ADT from a “strong sell” rating to a “hold” rating in a research report on Friday, November 15th. Credit Suisse Group increased their target price on ADT from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. ValuEngine lowered ADT from a “buy” rating to a “hold” rating in a research report on Monday, December 30th. Finally, TheStreet lowered ADT from a “c-” rating to a “d-” rating in a research report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. ADT currently has an average rating of “Hold” and a consensus target price of $8.81.
Shares of NYSE:ADT traded up $0.22 during midday trading on Wednesday, hitting $6.54. 29,968 shares of the stock were exchanged, compared to its average volume of 1,229,791. The stock has a market cap of $4.91 billion, a P/E ratio of -9.66 and a beta of 1.96. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 2.60. ADT Inc has a twelve month low of $4.25 and a twelve month high of $9.70. The company has a 50 day moving average price of $6.62 and a 200-day moving average price of $6.95.
ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers. The company primarily offers monitored security and automation solutions, including the installation and monitoring of security and premises automation systems designed to detect intrusion, control access, sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal emergencies such as injuries, medical emergencies, or incapacitation.
Further Reading: How do candlesticks reflect price movement?
Want to see what other hedge funds are holding ADT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ADT Inc (NYSE:ADT).
Receive News & Ratings for ADT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ADT and related companies with MarketBeat.com's FREE daily email newsletter.