Handelsbanken Fonder AB Has $17.97 Million Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Handelsbanken Fonder AB grew its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 6.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 322,900 shares of the software maker's stock after purchasing an additional 20,000 shares during the period. Handelsbanken Fonder AB owned approximately 0.65% of Alarm.com worth $17,969,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Alarm.com by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker's stock worth $383,091,000 after buying an additional 68,907 shares in the last quarter. Northern Trust Corp boosted its position in shares of Alarm.com by 1.5% in the 4th quarter. Northern Trust Corp now owns 704,309 shares of the software maker's stock worth $42,822,000 after buying an additional 10,674 shares in the last quarter. Burgundy Asset Management Ltd. purchased a new stake in shares of Alarm.com in the 4th quarter worth about $42,490,000. Norges Bank purchased a new stake in shares of Alarm.com in the 4th quarter worth about $34,841,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Alarm.com by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 530,383 shares of the software maker's stock worth $32,247,000 after buying an additional 8,840 shares in the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ALRM. Barclays reduced their target price on shares of Alarm.com from $67.00 to $60.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Raymond James dropped their price objective on shares of Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a research note on Friday, May 9th. Finally, The Goldman Sachs Group dropped their price objective on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $64.33.

Insider Buying and Selling

In other Alarm.com news, insider Daniel Ramos sold 7,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $57.68, for a total value of $403,760.00. Following the sale, the insider now directly owns 42,192 shares of the company's stock, valued at $2,433,634.56. This trade represents a 14.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen Trundle sold 3,644 shares of Alarm.com stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $56.66, for a total transaction of $206,469.04. Following the sale, the chief executive officer now owns 268,859 shares in the company, valued at approximately $15,233,550.94. This represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,898 shares of company stock valued at $2,089,284. 5.80% of the stock is currently owned by corporate insiders.

Alarm.com Trading Down 1.5%

ALRM traded down $0.84 on Friday, reaching $56.64. 329,249 shares of the company's stock were exchanged, compared to its average volume of 400,046. The company's 50 day moving average is $55.32 and its 200-day moving average is $59.00. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 3.59 and a beta of 1.02. Alarm.com Holdings, Inc. has a twelve month low of $48.23 and a twelve month high of $71.98. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85.

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.