Algert Global LLC Boosts Holdings in NAPCO Security Technologies, Inc. $NSSC

Key Points

• Algert Global LLC significantly increased its stake in NAPCO Security Technologies by 93.0% during the first quarter, acquiring an additional 88,484 shares and owning approximately 0.52% of the company at a value of $4.2 million.
• Other institutional investors also bolstered their positions, with GAMMA Investing LLC enhancing its stake by 227.2% and several new acquisitions reported, indicating a growing institutional interest in the company.
• Analysts have mixed views on the stock, with recent price targets set between $26.00 and $39.00, while the consensus average rating is currently a "Hold".

Algert Global LLC raised its position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 93.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 183,649 shares of the industrial products company's stock after buying an additional 88,484 shares during the period. Algert Global LLC owned about 0.52% of NAPCO Security Technologies worth $4,228,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NSSC. GAMMA Investing LLC raised its holdings in NAPCO Security Technologies by 227.2% in the 1st quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock worth $25,000 after purchasing an additional 768 shares in the last quarter. Caption Management LLC bought a new position in NAPCO Security Technologies in the 4th quarter worth $33,000. Point72 Asia Singapore Pte. Ltd. bought a new position in NAPCO Security Technologies in the 4th quarter worth $53,000. Mpwm Advisory Solutions LLC bought a new position in NAPCO Security Technologies in the 4th quarter worth $54,000. Finally, Farther Finance Advisors LLC raised its holdings in NAPCO Security Technologies by 35.4% in the 1st quarter. Farther Finance Advisors LLC now owns 3,832 shares of the industrial products company's stock worth $87,000 after purchasing an additional 1,002 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company's stock.

NAPCO Security Technologies Stock Up 4.3%

Shares of NASDAQ NSSC traded up $1.31 during trading on Friday, reaching $31.70. 317,174 shares of the company traded hands, compared to its average volume of 241,596. The firm has a 50 day simple moving average of $30.08 and a 200-day simple moving average of $26.69. The stock has a market capitalization of $1.13 billion, a PE ratio of 25.98 and a beta of 1.42. NAPCO Security Technologies, Inc. has a 52-week low of $19.00 and a 52-week high of $56.07.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. 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 research note on Tuesday, May 6th. Mizuho assumed coverage on shares of NAPCO Security Technologies in a research note on Thursday, July 10th. They issued an "outperform" rating and a $39.00 price target for the company. DA Davidson set a $33.00 price target on shares of NAPCO Security Technologies and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Finally, Lake Street Capital set a $26.00 price target on shares of NAPCO Security Technologies in a research note on Monday, May 5th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $30.83.

NAPCO Security Technologies Company Profile

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.