Landscape Capital Management L.L.C. Raises Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Landscape Capital Management L.L.C. lifted its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 122.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,342 shares of the software maker’s stock after purchasing an additional 10,114 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Alarm.com were worth $1,003,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. SG Americas Securities LLC boosted its stake in Alarm.com by 584.7% during the second quarter. SG Americas Securities LLC now owns 23,169 shares of the software maker’s stock worth $1,472,000 after buying an additional 19,785 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Alarm.com by 36.8% in the 1st quarter. Janus Henderson Group PLC now owns 32,874 shares of the software maker’s stock worth $2,379,000 after acquiring an additional 8,843 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Alarm.com by 312.9% during the 2nd quarter. Hsbc Holdings PLC now owns 21,939 shares of the software maker’s stock worth $1,399,000 after purchasing an additional 16,625 shares during the period. Vanguard Group Inc. grew its holdings in Alarm.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 5,880,922 shares of the software maker’s stock valued at $426,190,000 after purchasing an additional 63,653 shares during the last quarter. Finally, MQS Management LLC purchased a new stake in Alarm.com in the 2nd quarter worth about $599,000. Institutional investors own 91.74% of the company’s stock.

Alarm.com Trading Up 2.5 %

Shares of NASDAQ ALRM opened at $62.32 on Friday. Alarm.com Holdings, Inc. has a twelve month low of $51.87 and a twelve month high of $77.29. The firm has a market cap of $3.08 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 3.58 and a beta of 0.90. The business has a fifty day simple moving average of $55.53 and a two-hundred day simple moving average of $60.99. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. StockNews.com lowered Alarm.com from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. restated an “underweight” rating and set a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Roth Mkm reduced their target price on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Jefferies Financial Group began coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price for the company. Finally, The Goldman Sachs Group upped their price target on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $64.40.

Insider Buying and Selling

In other news, Director Stephen C. Evans sold 2,625 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total transaction of $156,633.75. Following the transaction, the director now directly owns 5,767 shares in the company, valued at approximately $344,116.89. This trade represents a 31.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.60% of the stock is owned by insiders.

Alarm.com 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.