Intech Investment Management LLC Has $348,000 Holdings in Arlo Technologies, Inc. (NYSE:ARLO)

Intech Investment Management LLC boosted its holdings in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 30.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 28,710 shares of the company’s stock after acquiring an additional 6,703 shares during the quarter. Intech Investment Management LLC’s holdings in Arlo Technologies were worth $348,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ARLO. Swedbank AB grew its position in shares of Arlo Technologies by 45.5% in the second quarter. Swedbank AB now owns 800,000 shares of the company’s stock valued at $10,432,000 after purchasing an additional 250,000 shares during the last quarter. Mutual of America Capital Management LLC grew its position in shares of Arlo Technologies by 3,624.0% in the second quarter. Mutual of America Capital Management LLC now owns 607,080 shares of the company’s stock valued at $7,916,000 after purchasing an additional 590,778 shares during the last quarter. Engle Capital Management L.P. grew its position in shares of Arlo Technologies by 25.6% in the second quarter. Engle Capital Management L.P. now owns 1,130,000 shares of the company’s stock valued at $14,735,000 after purchasing an additional 230,000 shares during the last quarter. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Arlo Technologies in the second quarter valued at approximately $9,413,000. Finally, Renaissance Technologies LLC grew its position in shares of Arlo Technologies by 12.2% in the second quarter. Renaissance Technologies LLC now owns 1,414,400 shares of the company’s stock valued at $18,444,000 after purchasing an additional 154,100 shares during the last quarter. Institutional investors and hedge funds own 83.18% of the company’s stock.

Arlo Technologies Price Performance

Shares of NYSE:ARLO opened at $12.77 on Wednesday. The company has a market capitalization of $1.28 billion, a P/E ratio of -51.08 and a beta of 1.79. Arlo Technologies, Inc. has a 1 year low of $8.33 and a 1 year high of $17.64. The business’s 50 day simple moving average is $11.44 and its 200 day simple moving average is $12.61.

Insider Buying and Selling

In other Arlo Technologies news, General Counsel Brian Busse sold 27,588 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $11.54, for a total transaction of $318,365.52. Following the completion of the sale, the general counsel now directly owns 611,465 shares in the company, valued at $7,056,306.10. This represents a 4.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew Blake Mcrae sold 316,644 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $11.54, for a total value of $3,654,071.76. Following the sale, the chief executive officer now owns 3,160,988 shares of the company’s stock, valued at $36,477,801.52. The trade was a 9.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 351,330 shares of company stock valued at $4,057,187 over the last 90 days. 3.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on ARLO. BWS Financial reaffirmed a “buy” rating and issued a $24.00 target price on shares of Arlo Technologies in a research report on Friday, November 8th. Craig Hallum reduced their price target on Arlo Technologies from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, November 8th.

Arlo Technologies Profile

Arlo Technologies, Inc, together with its subsidiaries, provides a cloud-based platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. The company offers Arlo Essential Cameras and Doorbells (2nd Generation) delivers smart home protection, including automated privacy shield, 180-degree field of view, and 2K video resolution; Arlo Home Security System, an all-in-one multi-sensor that provides access to security experts for monitoring and responding to emergency situations; Arlo Pro 5S, a wireless 2K video resolution security camera; Arlo Go 2, a camera for monitoring remote areas, large properties, construction sites, vacation homes, boat or RV slips, and hard-to-access areas; Arlo Ultra 2 provides 4K video with HDR, an ultra-wide, 180-degree field of view, auto zoom and tracking on moving objects, and color night vision; and Arlo Floodlight Camera, a wire-free floodlight camera.