Russell Investments Group Ltd. boosted its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 129.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 363,419 shares of the software maker’s stock after buying an additional 205,051 shares during the period. Russell Investments Group Ltd.’s holdings in Alarm.com Holdings were worth $13,676,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ALRM. Victory Capital Management Inc. increased its stake in shares of Alarm.com Holdings by 40.8% in the first quarter. Victory Capital Management Inc. now owns 3,583 shares of the software maker’s stock valued at $110,000 after buying an additional 1,039 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Alarm.com Holdings during the first quarter valued at approximately $178,000. American International Group Inc. increased its stake in shares of Alarm.com Holdings by 7.1% in the first quarter. American International Group Inc. now owns 6,353 shares of the software maker’s stock valued at $195,000 after buying an additional 422 shares in the last quarter. Blueport Capital L.P. purchased a new stake in shares of Alarm.com Holdings during the first quarter valued at approximately $221,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Alarm.com Holdings during the first quarter valued at approximately $252,000. Institutional investors own 83.51% of the company’s stock.

Alarm.com Holdings, Inc. (NASDAQ ALRM) traded up 0.703% during mid-day trading on Friday, reaching $40.835. 384,998 shares of the company were exchanged. The stock has a 50-day moving average price of $37.84 and a 200 day moving average price of $32.91. The company has a market capitalization of $1.91 billion, a PE ratio of 104.437 and a beta of 1.52. Alarm.com Holdings, Inc. has a one year low of $24.52 and a one year high of $42.48.

Alarm.com Holdings (NASDAQ:ALRM) last issued its quarterly earnings results on Tuesday, August 8th. The software maker reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.14. The business had revenue of $86 million during the quarter, compared to the consensus estimate of $81.05 million. Alarm.com Holdings had a negative return on equity of 34.65% and a net margin of 6.50%. The company’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter last year, the company earned $0.15 earnings per share. Analysts predict that Alarm.com Holdings, Inc. will post $0.97 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Russell Investments Group Ltd. Has $13.68 Million Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)” was reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this report can be read at https://www.dailypolitical.com/2017/08/11/russell-investments-group-ltd-has-13-68-million-position-in-alarm-com-holdings-inc-nasdaqalrm.html.

Several analysts have recently commented on ALRM shares. Bank of America Corporation increased their target price on shares of Alarm.com Holdings from $39.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday. Roth Capital increased their target price on shares of Alarm.com Holdings from $43.50 to $48.00 and gave the company a “buy” rating in a report on Wednesday. Maxim Group reiterated a “buy” rating and issued a $44.00 target price on shares of Alarm.com Holdings in a report on Wednesday. Northland Securities set a $41.00 target price on shares of Alarm.com Holdings and gave the company a “buy” rating in a report on Wednesday, July 19th. Finally, BidaskClub downgraded shares of Alarm.com Holdings from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $41.89.

In other Alarm.com Holdings news, insider David Hutz sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $31.59, for a total value of $110,565.00. Following the completion of the sale, the insider now owns 141,522 shares of the company’s stock, valued at $4,470,679.98. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Daniel Kerzner sold 18,500 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $37.04, for a total value of $685,240.00. Following the completion of the sale, the insider now directly owns 11,065 shares of the company’s stock, valued at approximately $409,847.60. The disclosure for this sale can be found here. In the last three months, insiders sold 190,777 shares of company stock valued at $6,874,334. Corporate insiders own 78.50% of the company’s stock.

Alarm.com Holdings Company Profile

Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.

Want to see what other hedge funds are holding ALRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alarm.com Holdings, Inc. (NASDAQ:ALRM).

Institutional Ownership by Quarter for Alarm.com Holdings (NASDAQ:ALRM)

Receive News & Ratings for Alarm.com Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alarm.com Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.