Janus Henderson Group PLC Lowers Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Janus Henderson Group PLC trimmed its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 14.7% during the third quarter, HoldingsChannel.com reports. The fund owned 108,664 shares of the software maker’s stock after selling 18,747 shares during the period. Janus Henderson Group PLC’s holdings in Alarm.com were worth $5,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its stake in Alarm.com by 230.6% in the third quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker’s stock valued at $20,844,000 after purchasing an additional 265,936 shares during the period. Bank of Montreal Can grew its holdings in shares of Alarm.com by 2,394.6% during the second quarter. Bank of Montreal Can now owns 273,730 shares of the software maker’s stock worth $17,406,000 after buying an additional 262,757 shares during the last quarter. M&G PLC acquired a new position in Alarm.com in the 3rd quarter valued at about $9,583,000. Disciplined Growth Investors Inc. MN lifted its position in Alarm.com by 6.2% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,710,998 shares of the software maker’s stock worth $172,257,000 after acquiring an additional 158,465 shares during the period. Finally, Federated Hermes Inc. lifted its position in Alarm.com by 1,729.4% during the 2nd quarter. Federated Hermes Inc. now owns 118,231 shares of the software maker’s stock worth $7,512,000 after acquiring an additional 111,768 shares during the period. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Alarm.com Trading Down 0.2 %

Shares of Alarm.com stock opened at $68.27 on Tuesday. The company has a 50-day moving average of $58.17 and a two-hundred day moving average of $60.63. Alarm.com Holdings, Inc. has a 12-month low of $51.87 and a 12-month high of $77.29. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. The stock has a market cap of $3.37 billion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 4.10 and a beta of 0.97.

Insider Buying and Selling

In other news, Director Stephen C. Evans sold 2,625 shares of Alarm.com stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total transaction of $156,633.75. Following the completion of the transaction, the director now owns 5,767 shares of the company’s stock, valued at $344,116.89. The trade was a 31.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ALRM. Roth Mkm cut their price target on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Jefferies Financial Group started coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price objective for the company. Barclays lifted their target price on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $50.00 price target (down from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. Finally, StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Alarm.com currently has a consensus rating of “Hold” and an average price target of $64.40.

About Alarm.com

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.