Bryce Point Capital LLC Acquires New Holdings in ADT Inc. (NYSE:ADT)

Bryce Point Capital LLC bought a new position in ADT Inc. (NYSE:ADT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 69,793 shares of the security and automation business’s stock, valued at approximately $482,000.

Several other hedge funds also recently modified their holdings of ADT. Geode Capital Management LLC lifted its position in shares of ADT by 35.6% in the third quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock worth $42,487,000 after buying an additional 1,543,677 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in ADT by 911.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 195,810 shares of the security and automation business’s stock worth $1,416,000 after purchasing an additional 176,454 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in ADT by 13.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business’s stock worth $36,341,000 after purchasing an additional 609,842 shares during the period. JPMorgan Chase & Co. grew its holdings in ADT by 26.0% during the third quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business’s stock valued at $3,505,000 after purchasing an additional 100,134 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of ADT by 46.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business’s stock valued at $904,000 after purchasing an additional 41,682 shares during the period. Institutional investors and hedge funds own 87.22% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on ADT shares. Morgan Stanley upped their price objective on shares of ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Royal Bank of Canada restated a “sector perform” rating and set a $9.00 price target on shares of ADT in a report on Wednesday, January 29th. Finally, Barclays raised ADT from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $7.00 to $9.00 in a research report on Friday.

ADT Trading Down 1.2 %

Shares of ADT stock opened at $7.98 on Friday. ADT Inc. has a 1 year low of $6.10 and a 1 year high of $8.39. The company’s fifty day simple moving average is $7.72 and its 200-day simple moving average is $7.41. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 8.67 and a beta of 1.58. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93.

ADT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th were given a $0.055 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.22 annualized dividend and a yield of 2.76%. ADT’s dividend payout ratio is 41.51%.

ADT Profile

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.