356,155 Shares in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Purchased by CenterBook Partners LP

Key Points

• CenterBook Partners LP acquired 356,155 shares of NAPCO Security Technologies, valued at approximately $8.2 million, representing a 0.98% stake in the company.
• Several large investors, including the Vanguard Group and Copeland Capital Management, have increased their holdings in NAPCO, reflecting a strong interest from institutional investors who now own 85.07% of the stock.
• Analysts have set a consensus rating of "Hold" for NAPCO Security Technologies, with a target price averaging $30.83, while the stock recently experienced a 2.9% decline.

CenterBook Partners LP acquired a new position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 356,155 shares of the industrial products company's stock, valued at approximately $8,199,000. CenterBook Partners LP owned approximately 0.98% of NAPCO Security Technologies at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NSSC. Point72 Asset Management L.P. boosted its holdings in NAPCO Security Technologies by 1,221.7% during the fourth quarter. Point72 Asset Management L.P. now owns 638,173 shares of the industrial products company's stock valued at $22,693,000 after acquiring an additional 589,888 shares during the period. Copeland Capital Management LLC boosted its holdings in NAPCO Security Technologies by 25.1% during the first quarter. Copeland Capital Management LLC now owns 1,493,928 shares of the industrial products company's stock valued at $34,390,000 after acquiring an additional 299,305 shares during the period. Wellington Management Group LLP bought a new stake in NAPCO Security Technologies during the fourth quarter valued at about $10,427,000. JPMorgan Chase & Co. boosted its holdings in NAPCO Security Technologies by 318.6% during the fourth quarter. JPMorgan Chase & Co. now owns 283,812 shares of the industrial products company's stock valued at $10,092,000 after acquiring an additional 216,017 shares during the period. Finally, Federated Hermes Inc. bought a new stake in NAPCO Security Technologies during the first quarter valued at about $4,270,000. 85.07% of the stock is currently owned by institutional investors.

NAPCO Security Technologies Price Performance

Shares of NASDAQ NSSC traded up $0.33 during mid-day trading on Friday, hitting $29.90. The company had a trading volume of 217,987 shares, compared to its average volume of 250,658. The business's 50-day simple moving average is $29.61 and its 200-day simple moving average is $26.93. NAPCO Security Technologies, Inc. has a 12 month low of $19.00 and a 12 month high of $58.09. The firm has a market cap of $1.07 billion, a P/E ratio of 24.51 and a beta of 1.42.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NSSC. Needham & Company LLC decreased their price target on shares of NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Mizuho began coverage on shares of NAPCO Security Technologies in a report on Thursday, July 10th. They set an "outperform" rating and a $39.00 price target for the company. Lake Street Capital set a $26.00 price target on shares of NAPCO Security Technologies in a report on Monday, May 5th. Finally, DA Davidson set a $33.00 price target on shares of NAPCO Security Technologies and gave the company a "buy" rating in a report on Wednesday, June 25th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $30.83.

About NAPCO Security Technologies

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.