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Cynosure Group LLC Increases Stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

NAPCO Security Technologies logo with Industrials background

Key Points

  • Cynosure Group LLC expanded its stake in NAPCO Security Technologies by 344.9% in the first quarter, acquiring a total of 71,587 shares valued at approximately $1.65 million.
  • Multiple institutional investors have increased their holdings in NAPCO, including Point72 Asset Management which raised its stake by 1,221.7%, now owning 638,173 shares worth about $22.69 million.
  • Analysts have set varying price targets for NAPCO Security Technologies, with ratings ranging from a "buy" to a "hold," and an average target price of $30.83.
  • Looking to export and analyze NAPCO Security Technologies data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Cynosure Group LLC increased its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 344.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,587 shares of the industrial products company's stock after purchasing an additional 55,497 shares during the period. Cynosure Group LLC owned approximately 0.20% of NAPCO Security Technologies worth $1,648,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in NSSC. Raymond James Financial Inc. bought a new stake in NAPCO Security Technologies during the 4th quarter valued at $220,000. JPMorgan Chase & Co. raised its holdings in NAPCO Security Technologies by 318.6% during the 4th quarter. JPMorgan Chase & Co. now owns 283,812 shares of the industrial products company's stock valued at $10,092,000 after buying an additional 216,017 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in NAPCO Security Technologies by 128.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 57,212 shares of the industrial products company's stock valued at $2,034,000 after buying an additional 32,180 shares during the last quarter. Alliancebernstein L.P. raised its holdings in NAPCO Security Technologies by 2.6% during the 4th quarter. Alliancebernstein L.P. now owns 37,441 shares of the industrial products company's stock valued at $1,331,000 after buying an additional 939 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in NAPCO Security Technologies by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 1,010,696 shares of the industrial products company's stock valued at $35,948,000 after buying an additional 51,661 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company's stock.

NAPCO Security Technologies Trading Up 4.2%

NASDAQ NSSC traded up $1.24 during trading on Tuesday, hitting $30.96. The company had a trading volume of 244,044 shares, compared to its average volume of 449,276. The company's fifty day moving average is $29.64 and its 200-day moving average is $26.75. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 25.38 and a beta of 1.42. NAPCO Security Technologies, Inc. has a one year low of $19.00 and a one year high of $58.09.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. 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. Lake Street Capital set a $26.00 price target on shares of NAPCO Security Technologies in a report on Monday, May 5th. Mizuho started 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. Finally, Needham & Company LLC decreased their price objective 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. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $30.83.

Get Our Latest Stock Report on NAPCO Security Technologies

NAPCO Security Technologies Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for NAPCO Security Technologies (NASDAQ:NSSC)

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