Zurcher Kantonalbank Zurich Cantonalbank Lowers Position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank significantly reduced its stake in NAPCO Security Technologies by 76.2%, holding 6,222 shares valued at $143,000 after selling 19,934 shares recently.
• Institutional investors are actively trading NAPCO stock, with Point72 Asset Management increasing its stake by an impressive 1,221.7% last quarter, now owning 638,173 shares worth approximately $22.7 million.
• Wall Street analysts generally hold a "Hold" rating on NAPCO shares, with a consensus target price of $30.83, reflecting mixed sentiments about the company's future performance.

Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 76.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,222 shares of the industrial products company's stock after selling 19,934 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in NAPCO Security Technologies were worth $143,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NSSC. GAMMA Investing LLC grew its position in NAPCO Security Technologies by 227.2% during the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock worth $25,000 after buying an additional 768 shares in the last quarter. Caption Management LLC purchased a new position in NAPCO Security Technologies during the fourth quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in NAPCO Security Technologies during the fourth quarter worth about $53,000. Mpwm Advisory Solutions LLC purchased a new position in NAPCO Security Technologies during the fourth quarter worth about $54,000. Finally, Farther Finance Advisors LLC grew its position in NAPCO Security Technologies by 35.4% during the first quarter. Farther Finance Advisors LLC now owns 3,832 shares of the industrial products company's stock worth $87,000 after buying an additional 1,002 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors.

NAPCO Security Technologies Trading Down 4.7%

NASDAQ NSSC traded down $1.52 during trading on Thursday, hitting $30.93. The company had a trading volume of 124,348 shares, compared to its average volume of 446,418. NAPCO Security Technologies, Inc. has a one year low of $19.00 and a one year high of $58.09. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 25.36 and a beta of 1.42. The company's fifty day moving average is $29.77 and its 200-day moving average is $26.82.

Analyst Upgrades and Downgrades

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