XTX Topco Ltd Purchases 10,589 Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

Key Points

• XTX Topco Ltd increased its holdings in NAPCO Security Technologies by 118.3% in Q1, acquiring 10,589 additional shares, amounting to a total of 19,539 shares valued at approximately $450,000.
• Analysts have set varied price targets for NAPCO Security Technologies, with a consensus target of $30.83, while ratings range from "hold" to "buy."
• The company's recent earnings report revealed a net margin of 25.00% and earnings of $0.28 per share, exceeding estimates despite a 10.8% decline in revenue year-over-year.

XTX Topco Ltd increased its stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 118.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,539 shares of the industrial products company's stock after purchasing an additional 10,589 shares during the period. XTX Topco Ltd owned approximately 0.05% of NAPCO Security Technologies worth $450,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC grew its position in NAPCO Security Technologies by 227.2% in the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock worth $25,000 after acquiring an additional 768 shares in the last quarter. Caption Management LLC purchased a new position in shares of NAPCO Security Technologies in the 4th quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of NAPCO Security Technologies during the 4th quarter valued at about $53,000. Mpwm Advisory Solutions LLC purchased a new position in shares of NAPCO Security Technologies during the 4th quarter valued at about $54,000. Finally, Farther Finance Advisors LLC lifted its position 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 buying an additional 1,002 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company's stock.

NAPCO Security Technologies Trading Up 1.1%

Shares of NSSC stock traded up $0.33 during trading hours on Friday, reaching $29.90. The company's stock had a trading volume of 217,987 shares, compared to its average volume of 250,658. NAPCO Security Technologies, Inc. has a one year low of $19.00 and a one year high of $58.09. The stock has a market capitalization of $1.07 billion, a P/E ratio of 24.51 and a beta of 1.42. The firm's fifty day simple moving average is $29.61 and its 200 day simple moving average is $26.87.

Analysts Set New Price Targets

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