Walleye Capital LLC Buys Shares of 196,532 ADT Inc. (NYSE:ADT)

Walleye Capital LLC acquired a new position in shares of ADT Inc. (NYSE:ADT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 196,532 shares of the security and automation business's stock, valued at approximately $1,358,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in shares of ADT by 35.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business's stock worth $42,487,000 after buying an additional 1,543,677 shares during the period. Sei Investments Co. grew its stake in ADT by 1,132.1% in the fourth quarter. Sei Investments Co. now owns 243,702 shares of the security and automation business's stock valued at $1,684,000 after purchasing an additional 223,922 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of ADT by 13.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business's stock valued at $36,341,000 after acquiring an additional 609,842 shares during the period. JPMorgan Chase & Co. increased its stake in shares of ADT by 26.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business's stock worth $3,505,000 after purchasing an additional 100,134 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of ADT by 46.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business's stock valued at $904,000 after purchasing an additional 41,682 shares during the period. 87.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ADT shares. Royal Bank of Canada reissued a "sector perform" rating and set a $9.00 price target on shares of ADT in a research report on Monday. Barclays raised ADT from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $7.00 to $9.00 in a report on Friday, April 4th.

ADT Stock Performance

NYSE:ADT traded up $0.19 during mid-day trading on Friday, hitting $7.94. 8,054,117 shares of the stock were exchanged, compared to its average volume of 7,888,533. The firm's 50-day simple moving average is $7.80 and its 200 day simple moving average is $7.48. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 8.61 and a beta of 1.42. ADT Inc. has a fifty-two week low of $6.25 and a fifty-two week high of $8.39. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81.

ADT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 13th were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Thursday, March 13th. ADT's dividend payout ratio is 41.51%.

ADT Profile

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.