Alarm.com Holdings, Inc. (NASDAQ:ALRM) Stock Position Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 248.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 60,631 shares of the software maker’s stock after acquiring an additional 43,210 shares during the period. Teacher Retirement System of Texas’ holdings in Alarm.com were worth $3,686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Disciplined Growth Investors Inc. MN boosted its holdings in Alarm.com by 6.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock worth $157,168,000 after purchasing an additional 163,851 shares during the period. FMR LLC boosted its holdings in shares of Alarm.com by 129.0% in the 3rd quarter. FMR LLC now owns 153,865 shares of the software maker’s stock valued at $8,412,000 after buying an additional 86,683 shares during the period. Barclays PLC grew its position in shares of Alarm.com by 323.2% during the 3rd quarter. Barclays PLC now owns 91,402 shares of the software maker’s stock valued at $4,997,000 after buying an additional 69,804 shares during the last quarter. DF Dent & Co. Inc. raised its stake in Alarm.com by 23.3% during the third quarter. DF Dent & Co. Inc. now owns 359,399 shares of the software maker’s stock worth $19,648,000 after acquiring an additional 67,824 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Alarm.com by 31.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 219,456 shares of the software maker’s stock worth $13,343,000 after acquiring an additional 52,062 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $64.40.

Alarm.com Price Performance

NASDAQ ALRM opened at $57.40 on Tuesday. The company has a 50-day moving average price of $60.40 and a two-hundred day moving average price of $59.37. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 3.59 and a beta of 1.10. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. Alarm.com Holdings, Inc. has a 52 week low of $51.87 and a 52 week high of $74.25.

Alarm.com (NASDAQ:ALRM) last posted its earnings results on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.06). Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. The business had revenue of $242.24 million during the quarter, compared to analyst estimates of $237.44 million. Analysts forecast that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Insider Activity

In other news, CFO Steve Valenzuela sold 3,436 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total value of $200,834.20. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,191,875. This trade represents a 8.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.60% of the company’s stock.

Alarm.com Company Profile

Alarm.com Holdings, Inc provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.