Ieq Capital LLC Acquires Shares of 376,662 ADT Inc. (NYSE:ADT)

Ieq Capital LLC bought a new stake in ADT Inc. (NYSE:ADT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 376,662 shares of the security and automation business’s stock, valued at approximately $2,603,000.

Several other institutional investors have also recently made changes to their positions in ADT. Geode Capital Management LLC grew its holdings in 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 valued at $42,487,000 after purchasing an additional 1,543,677 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of ADT by 911.6% during the third quarter. BNP Paribas Financial Markets now owns 195,810 shares of the security and automation business’s stock valued at $1,416,000 after buying an additional 176,454 shares during the period. Pacer Advisors Inc. grew its stake in shares of ADT by 20.3% during the third quarter. Pacer Advisors Inc. now owns 30,941,509 shares of the security and automation business’s stock valued at $223,707,000 after buying an additional 5,222,972 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of ADT by 26.0% in the third quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business’s stock worth $3,505,000 after buying an additional 100,134 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in shares of ADT by 46.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business’s stock worth $904,000 after acquiring an additional 41,682 shares during the last quarter. Institutional investors own 87.22% of the company’s stock.

Wall Street Analysts Forecast Growth

ADT has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $9.00 price objective on shares of ADT in a research report on Wednesday, January 29th. Morgan Stanley boosted their target price on shares of ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th.

ADT Stock Down 1.5 %

Shares of NYSE ADT opened at $7.36 on Friday. ADT Inc. has a 52-week low of $6.10 and a 52-week high of $8.25. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 7.99 and a beta of 1.50. The stock has a 50 day moving average price of $7.25 and a 200 day moving average price of $7.29. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81.

About ADT

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.