FMR LLC & Abigail Johnson Trim NAPCO Stake to 4.203%
Ticker: NSSC · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 69633
| Field | Detail |
|---|---|
| Company | Napco Security Technologies, Inc (NSSC) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, stake-change
TL;DR
**FMR LLC and Abigail Johnson now own 4.203% of NAPCO, a slight reduction but still a big stake.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in NAPCO SECURITY TECHNOLOGIES INC. As of February 9, 2024, they collectively beneficially own 1,545,752 shares of common stock, representing 4.203% of the company. This is an amendment to a previous filing, indicating a slight adjustment in their holdings, which matters to investors as it shows a significant institutional investor maintains a substantial, though slightly reduced, position in NAPCO.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its principal, Abigail P. Johnson, still hold a significant portion of NAPCO, indicating continued confidence, albeit at a slightly lower percentage than before.
Risk Assessment
Risk Level: low — The filing indicates a minor adjustment in a large institutional holding, which is a routine event and doesn't signal significant risk.
Analyst Insight
Investors should note that a major institutional holder, FMR LLC, continues to hold a substantial position in NAPCO, suggesting ongoing interest, but the slight reduction in percentage ownership might warrant monitoring future filings for further changes in their conviction.
Key Numbers
- 1,545,752 — Shares Beneficially Owned (Total common stock shares of NAPCO SECURITY TECHNOLOGIES INC owned by FMR LLC and Abigail P. Johnson.)
- 4.203% — Percent of Class (The percentage of NAPCO SECURITY TECHNOLOGIES INC's common stock beneficially owned by FMR LLC and Abigail P. Johnson.)
- 630402105 — CUSIP Number (Identifier for NAPCO SECURITY TECHNOLOGIES INC common stock.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- NAPCO SECURITY TECHNOLOGIES, INC (company) — the issuer of the securities
- 333 Bayview Avenue Amityville, NY 11701 (company) — address of NAPCO SECURITY TECHNOLOGIES, INC
- 245 Summer Street, Boston, Massachusetts 02210 (company) — address of FMR LLC
Forward-Looking Statements
- FMR LLC will maintain a significant, though potentially fluctuating, stake in NAPCO SECURITY TECHNOLOGIES INC. (FMR LLC) — high confidence, target: Within the next 12 months
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of their respective sections in the filing.
What is the total number of shares of NAPCO SECURITY TECHNOLOGIES INC common stock beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson report beneficially owning 1,545,752 shares of NAPCO SECURITY TECHNOLOGIES INC common stock, as detailed in Item 7 and Item 4(a) of their respective sections.
What percentage of NAPCO SECURITY TECHNOLOGIES INC's common stock do FMR LLC and Abigail P. Johnson collectively own?
They collectively own 4.203% of the class of common stock, as indicated in Item 11 for both FMR LLC and Abigail P. Johnson, and Item 4(b) for FMR LLC.
What rule is this Schedule 13G/A filed under?
This Schedule 13G/A is filed under Rule 13d-1(b), as indicated by the 'x' in the appropriate box on the first page of the filing and explicitly stated in Item 3.
What is the CUSIP number for the common stock of NAPCO SECURITY TECHNOLOGIES INC?
The CUSIP number for NAPCO SECURITY TECHNOLOGIES INC common stock is 630402105, as listed on the first page and in Item 2(e) of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding NAPCO SECURITY TECHNOLOGIES, INC (NSSC).