Swiss National Bank Lowers Stake in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Swiss National Bank lessened its position in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,300 shares of the industrial products company’s stock after selling 7,500 shares during the quarter. Swiss National Bank’s holdings in Napco Security Technologies were worth $2,237,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in shares of Napco Security Technologies by 19.9% during the 4th quarter. Allworth Financial LP now owns 3,315 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 550 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Napco Security Technologies by 4.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,473 shares of the industrial products company’s stock valued at $496,000 after acquiring an additional 603 shares during the last quarter. RiverPark Advisors LLC boosted its holdings in Napco Security Technologies by 80.1% during the 4th quarter. RiverPark Advisors LLC now owns 1,671 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 743 shares during the period. HighTower Advisors LLC grew its position in Napco Security Technologies by 0.7% during the 3rd quarter. HighTower Advisors LLC now owns 131,581 shares of the industrial products company’s stock worth $2,928,000 after acquiring an additional 945 shares during the last quarter. Finally, Barclays PLC increased its stake in Napco Security Technologies by 15.2% in the 3rd quarter. Barclays PLC now owns 15,107 shares of the industrial products company’s stock worth $335,000 after purchasing an additional 1,996 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Stock Performance

Napco Security Technologies stock opened at $50.26 on Friday. Napco Security Technologies, Inc. has a fifty-two week low of $17.76 and a fifty-two week high of $50.85. The stock’s 50 day simple moving average is $42.08 and its two-hundred day simple moving average is $37.90. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 39.89 and a beta of 1.51.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. The company had revenue of $49.30 million for the quarter, compared to analyst estimates of $48.16 million. Napco Security Technologies had a return on equity of 30.50% and a net margin of 25.58%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 earnings per share. On average, analysts predict that Napco Security Technologies, Inc. will post 1.35 earnings per share for the current year.

Napco Security Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 3rd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.80%. Napco Security Technologies’s payout ratio is 31.75%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NSSC. B. Riley increased their price objective on Napco Security Technologies from $36.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Needham & Company LLC upped their price objective on shares of Napco Security Technologies from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. DA Davidson started coverage on Napco Security Technologies in a research note on Friday, April 26th. They issued a “buy” rating and a $52.00 target price on the stock. Imperial Capital lowered Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 price target for the company. in a research report on Tuesday, February 6th. Finally, StockNews.com lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $47.67.

Insider Activity at Napco Security Technologies

In other Napco Security Technologies news, CEO Richard Soloway sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $40.75, for a total transaction of $2,037,500.00. Following the completion of the transaction, the chief executive officer now owns 1,656,010 shares of the company’s stock, valued at $67,482,407.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.54% of the stock is currently owned by corporate insiders.

Napco Security Technologies Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.