Vanguard Amends Napco Security (NSSC) Stake to 9.0%

TL;DR

**Vanguard still owns 9.0% of Napco Security, signaling continued institutional interest.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Napco Security Technologies Inc. As of December 29, 2023, Vanguard beneficially owned 3,369,674 shares of Napco's Common Stock, representing 9.0% of the company. This is an amendment to a previous filing, indicating a change in their holdings, which matters to investors as large institutional ownership can signal confidence or influence stock stability.

Why It Matters

This filing shows that Vanguard, a significant institutional investor, continues to hold a substantial stake in Napco Security Technologies, which can be seen as a vote of confidence in the company's long-term prospects.

Risk Assessment

Risk Level: low — This filing indicates stable institutional ownership, which generally reduces volatility and risk for a stock.

Analyst Insight

Investors should note Vanguard's continued substantial ownership, which suggests long-term institutional confidence in Napco Security Technologies Inc. This could be a positive signal for stability, but doesn't necessarily indicate immediate price movement.

Key Numbers

• 3,369,674 — Shares Beneficially Owned (Represents Vanguard's total holdings in Napco Security Technologies Inc. as of December 29, 2023.)
• 9.0% — Percentage of Class (Indicates the significant portion of Napco's common stock held by Vanguard, showing their substantial investment.)
• 20240213 — Filing Date (The date the SC 13G/A amendment was filed, providing the most recent public disclosure of Vanguard's stake.)
• 20231229 — Date of Event (The specific date when Vanguard's ownership percentage triggered the requirement for this filing, providing a snapshot of their holdings.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Napco Security Technologies Inc (company) — subject company whose shares are being reported
• 3,369,674 (dollar_amount) — number of shares beneficially owned by Vanguard
• 9.0% (dollar_amount) — percentage of Napco's class of securities owned by Vanguard
• December 29, 2023 (date) — date of the event which required the filing

Forward-Looking Statements

• Vanguard will maintain a significant stake in Napco Security Technologies Inc. for the foreseeable future. (The Vanguard Group) — high confidence, target: 2025-02-13

FAQ

Filing Documents

• tv01507-napcosecuritytechnol.htm (SC 13G/A) — 11KB
• 0001104659-24-021518.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Napco Security Technologies Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 333 Bayview Avenue Amityville, NY 11701

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 630402105

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR