Franklin Resources Inc. decreased its holdings in AlarmCom Hldg Inc (NASDAQ:ALRM) by 22.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 899,066 shares of the software maker’s stock after selling 259,452 shares during the period. Franklin Resources Inc. owned 1.87% of AlarmCom worth $51,606,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Polen Capital Management LLC boosted its stake in shares of AlarmCom by 12.1% in the second quarter. Polen Capital Management LLC now owns 9,546 shares of the software maker’s stock worth $385,000 after acquiring an additional 1,031 shares during the period. American Capital Management Inc. boosted its stake in shares of AlarmCom by 0.7% in the third quarter. American Capital Management Inc. now owns 164,035 shares of the software maker’s stock worth $9,416,000 after acquiring an additional 1,205 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of AlarmCom by 202.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,302 shares of the software maker’s stock worth $128,000 after acquiring an additional 1,542 shares during the period. American International Group Inc. boosted its stake in shares of AlarmCom by 7.1% in the third quarter. American International Group Inc. now owns 24,689 shares of the software maker’s stock worth $1,417,000 after acquiring an additional 1,627 shares during the period. Finally, Engineers Gate Manager LP boosted its stake in shares of AlarmCom by 13.1% in the second quarter. Engineers Gate Manager LP now owns 15,300 shares of the software maker’s stock worth $618,000 after acquiring an additional 1,770 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on the company. Bank of America raised AlarmCom to a “buy” rating and increased their price target for the company from $55.00 to $65.00 in a research note on Friday, September 14th. Imperial Capital reissued an “in-line” rating and set a $60.00 price target (up from $45.00) on shares of AlarmCom in a research note on Thursday, August 23rd. Credit Suisse Group reissued an “outperform” rating on shares of AlarmCom in a research note on Friday, August 17th. Maxim Group increased their price target on AlarmCom from $59.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, September 18th. Finally, Zacks Investment Research raised AlarmCom from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $55.18.
In other news, Director Hugh Panero sold 1,115 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $56.75, for a total value of $63,276.25. Following the completion of the sale, the director now directly owns 4,835 shares of the company’s stock, valued at approximately $274,386.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Daniel Ramos sold 70,299 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $56.47, for a total value of $3,969,784.53. The disclosure for this sale can be found here. Insiders sold a total of 244,467 shares of company stock valued at $12,884,446 over the last ninety days. Corporate insiders own 37.10% of the company’s stock.
Shares of AlarmCom stock opened at $50.64 on Friday. AlarmCom Hldg Inc has a 12 month low of $33.39 and a 12 month high of $60.20. The company has a market cap of $2.51 billion, a P/E ratio of 47.97, a PEG ratio of 2.89 and a beta of 1.69.
AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings data on Wednesday, November 7th. The software maker reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.11. The business had revenue of $111.85 million during the quarter, compared to analyst estimates of $96.76 million. AlarmCom had a negative return on equity of 73.39% and a net margin of 3.50%. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same period last year, the company earned $0.27 EPS. On average, equities analysts anticipate that AlarmCom Hldg Inc will post 1.06 EPS for the current year.
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AlarmCom Company Profile
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.
Further Reading: Balance Sheet
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