Morgan Stanley Has $557,000 Stock Holdings in Napco Security Technologies Inc (NASDAQ:NSSC)

Morgan Stanley raised its holdings in Napco Security Technologies Inc (NASDAQ:NSSC) by 308.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,753 shares of the industrial products company’s stock after acquiring an additional 14,157 shares during the quarter. Morgan Stanley’s holdings in Napco Security Technologies were worth $557,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of NSSC. Metropolitan Life Insurance Co NY acquired a new stake in Napco Security Technologies in the first quarter valued at approximately $84,000. Denali Advisors LLC lifted its stake in Napco Security Technologies by 581.5% in the second quarter. Denali Advisors LLC now owns 1,070 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 913 shares during the last quarter. Handelsbanken Fonder AB acquired a new stake in Napco Security Technologies in the second quarter valued at approximately $890,000. Navellier & Associates Inc lifted its stake in Napco Security Technologies by 7.8% in the second quarter. Navellier & Associates Inc now owns 12,736 shares of the industrial products company’s stock valued at $378,000 after acquiring an additional 925 shares during the last quarter. Finally, Strs Ohio lifted its stake in Napco Security Technologies by 7.6% in the second quarter. Strs Ohio now owns 9,900 shares of the industrial products company’s stock valued at $293,000 after acquiring an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 46.29% of the company’s stock.

Shares of Napco Security Technologies stock opened at $28.03 on Friday. The firm has a fifty day simple moving average of $27.55 and a 200-day simple moving average of $28.04. The company has a current ratio of 4.55, a quick ratio of 2.50 and a debt-to-equity ratio of 0.10. Napco Security Technologies Inc has a 1-year low of $13.77 and a 1-year high of $34.91. The stock has a market capitalization of $525.69 million, a price-to-earnings ratio of 42.47 and a beta of 0.58.

Napco Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. Napco Security Technologies had a net margin of 13.18% and a return on equity of 20.17%. The business had revenue of $26.29 million for the quarter, compared to analyst estimates of $25.99 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. As a group, research analysts predict that Napco Security Technologies Inc will post 0.88 earnings per share for the current year.

A number of research firms have issued reports on NSSC. BidaskClub cut shares of Napco Security Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd. ValuEngine cut shares of Napco Security Technologies from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Zacks Investment Research upgraded shares of Napco Security Technologies from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective for the company in a research note on Thursday. Finally, Canaccord Genuity boosted their price objective on shares of Napco Security Technologies from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $30.46.

Napco Security Technologies Profile

Napco Security Technologies, Inc manufactures and sells security products and software worldwide. The company offers access control systems, door security products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.

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Institutional Ownership by Quarter for Napco Security Technologies (NASDAQ:NSSC)

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