Corient IA LLC Purchases New Holdings in NAPCO Security Technologies, Inc. $NSSC

Key Points

• Corient IA LLC purchased a new stake in NAPCO Security Technologies, acquiring 10,000 shares valued at approximately $230,000.
• Several institutional investors, including Wells Fargo and Invesco, have increased their positions in NAPCO Security Technologies, with 85.07% of the stock currently owned by hedge funds and other institutional investors.
• Equities analysts have recently adjusted their price targets for NAPCO Security Technologies, with the consensus rating remaining at "Hold" and an average target price of $30.83.

Corient IA LLC purchased a new stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the industrial products company's stock, valued at approximately $230,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its position in shares of NAPCO Security Technologies by 177.7% during the first quarter. Russell Investments Group Ltd. now owns 110,066 shares of the industrial products company's stock valued at $2,534,000 after acquiring an additional 70,427 shares in the last quarter. Nuveen LLC bought a new stake in shares of NAPCO Security Technologies during the first quarter valued at approximately $2,127,000. Invesco Ltd. increased its position in shares of NAPCO Security Technologies by 14.8% during the first quarter. Invesco Ltd. now owns 41,016 shares of the industrial products company's stock valued at $944,000 after acquiring an additional 5,279 shares in the last quarter. Cynosure Group LLC increased its position in shares of NAPCO Security Technologies by 344.9% during the first quarter. Cynosure Group LLC now owns 71,587 shares of the industrial products company's stock valued at $1,648,000 after acquiring an additional 55,497 shares in the last quarter. Finally, Townsquare Capital LLC grew its position in NAPCO Security Technologies by 12.0% in the 1st quarter. Townsquare Capital LLC now owns 74,885 shares of the industrial products company's stock worth $1,724,000 after purchasing an additional 8,026 shares during the period. Institutional investors own 85.07% of the company's stock.

NAPCO Security Technologies Stock Performance

Shares of NSSC traded up $1.31 during midday trading on Friday, hitting $31.70. 317,174 shares of the company traded hands, compared to its average volume of 439,753. The firm has a 50 day moving average of $30.00 and a 200-day moving average of $26.65. NAPCO Security Technologies, Inc. has a 52 week low of $19.00 and a 52 week high of $56.07. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 25.98 and a beta of 1.42.

Analyst Ratings Changes

A number of brokerages have commented on NSSC. Lake Street Capital set a $26.00 price target on NAPCO Security Technologies in a research report on Monday, May 5th. Needham & Company LLC reduced their target price 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 assumed 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 on the stock. Finally, DA Davidson set a $33.00 price target on shares of NAPCO Security Technologies and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently 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.