Cortland Associates Inc. MO Sells 2,800 Shares of ADT Inc. (NYSE:ADT)

Cortland Associates Inc. MO lessened its holdings in ADT Inc. (NYSE:ADT) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,616 shares of the security and automation business’s stock after selling 2,800 shares during the period. Cortland Associates Inc. MO’s holdings in ADT were worth $225,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ADT. Pacer Advisors Inc. increased its position in 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 acquiring an additional 5,222,972 shares during the last quarter. Geode Capital Management LLC lifted its stake in 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 acquiring an additional 1,543,677 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of ADT by 12.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,649,347 shares of the security and automation business’s stock valued at $33,615,000 after buying an additional 518,515 shares during the last quarter. State Street Corp lifted its position in shares of ADT by 7.5% during the third quarter. State Street Corp now owns 6,597,684 shares of the security and automation business’s stock valued at $48,060,000 after buying an additional 457,918 shares during the last quarter. Finally, Bridgewater Associates LP lifted its position in shares of ADT by 220.5% during the third quarter. Bridgewater Associates LP now owns 566,077 shares of the security and automation business’s stock valued at $4,093,000 after buying an additional 389,442 shares during the last quarter. Institutional investors own 87.22% of the company’s stock.

ADT Stock Performance

NYSE ADT opened at $7.61 on Thursday. The company has a market cap of $6.90 billion, a P/E ratio of 8.27 and a beta of 1.51. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. The stock has a 50-day moving average of $7.24 and a two-hundred day moving average of $7.29. ADT Inc. has a 1-year low of $6.10 and a 1-year high of $8.25.

Analyst Ratings Changes

Several equities research analysts have commented on the company. The Goldman Sachs Group upped their price objective on ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research report on Friday, October 25th. Morgan Stanley increased their target price on ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $9.00 price objective on shares of ADT in a report on Wednesday.

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.