From MarketBeat:

Evanson Asset Management LLC has increased its stake in Alarm.com Holdings, Inc. by 249.4% during the 3rd quarter, according to its most recent 13F filing. The fund now owns 194,525 shares, making the stock its 17th largest position.

Several hedge funds have also made significant changes to their positions in the company. Norges Bank bought a new stake worth approximately $24,722,000, and Dimensional Fund Advisors LP increased its position by 13.8%.

Shares of Alarm.com stock traded up 4.8% to $66.24 on Friday. The company’s stock has a 1-year low of $44.92 and a 1-year high of $66.87. Alarm.com Holdings, Inc. has a market capitalization of $3.31 billion.

Alarm.com last issued its quarterly earnings results on Thursday, November 9th, reporting $0.40 earnings per share. The software maker had a return on equity of 10.73% and a net margin of 7.85%. As a group, sell-side analysts expect that Alarm.com Holdings, Inc. will post 1.22 earnings per share for the current year.

ALRM has been the topic of several analyst reports. StockNews.com upgraded Alarm.com from a “buy” rating to a “strong-buy” rating, while TheStreet cut Alarm.com from a “b-” rating to a “c+” rating.

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 in two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices.



Read more: Alarm.com Holdings, Inc. (NASDAQ:ALRM) Position Increased by Evanson Asset Management LLC