Public Employees Retirement System of Ohio Invests $2.89 Million in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Public Employees Retirement System of Ohio purchased a new stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 47,603 shares of the software maker's stock, valued at approximately $2,894,000. Public Employees Retirement System of Ohio owned approximately 0.10% of Alarm.com at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of Alarm.com in the 4th quarter valued at approximately $25,000. C M Bidwell & Associates Ltd. purchased a new stake in Alarm.com during the 4th quarter valued at $36,000. Nisa Investment Advisors LLC lifted its position in Alarm.com by 134.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock worth $57,000 after buying an additional 539 shares during the last quarter. Quarry LP boosted its stake in Alarm.com by 43.0% during the fourth quarter. Quarry LP now owns 1,008 shares of the software maker's stock worth $61,000 after buying an additional 303 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of Alarm.com by 305.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker's stock valued at $63,000 after acquiring an additional 779 shares during the period. Institutional investors own 91.74% of the company's stock.

Alarm.com Stock Up 2.5%

NASDAQ:ALRM traded up $1.44 during trading hours on Tuesday, reaching $58.76. The company's stock had a trading volume of 255,729 shares, compared to its average volume of 406,072. The stock has a 50 day moving average price of $54.51 and a two-hundred day moving average price of $59.18. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The company has a market capitalization of $2.92 billion, a P/E ratio of 25.66, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02. Alarm.com Holdings, Inc. has a 12 month low of $48.23 and a 12 month high of $71.98.

Wall Street Analyst Weigh In

ALRM has been the subject of several recent analyst reports. Barclays dropped their target price on Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Raymond James dropped their price objective on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a report on Friday, May 9th. Finally, The Goldman Sachs Group lowered 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 report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $64.33.

Insider Activity

In other news, CFO Steve Valenzuela sold 3,436 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the sale, the chief financial officer now owns 37,500 shares in the company, valued at $2,191,875. This represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel Kerzner sold 932 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $51,716.68. Following the sale, the insider now directly owns 58,736 shares in the company, valued at approximately $3,259,260.64. This trade represents a 1.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,334 shares of company stock worth $2,290,118. Insiders own 5.80% of the company's stock.

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.