5 Best Video Surveillance and Private Security Stocks to Buy

In this piece, we will take a look at the five best video surveillance and private security stocks to buy. If you want to learn about recent trends in the video surveillance industry, then check out 13 Best Video Surveillance and Private Security Stocks to Buy.

5. Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Number of Hedge Fund Investors in Q2 2023: 23

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) is perhaps one of the most high end surveillance and security stocks on our list. It sells devices that are able to detect firearms and map the flow of individuals in a building. The firm’s earnings guidance for its third quarter results forecasts it to bring in at least $19.3 million in revenue and it upgraded the full year revenue guidance in October 2023.

After digging through 910 hedge funds for their Q2 2023 investments, Insider Monkey discovered that 23 had held a stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV).

4. Brady Corporation (NYSE:BRC)

Number of Hedge Fund Investors in Q2 2023: 24

Brady Corporation (NYSE:BRC) is a pure play industrial security management firm that also provides video surveillance and analytics services to customers. The firm’s fiscal year 2023 fourth quarter results saw it post record earnings per share of $1 for an annual 23.5% growth which also saw the shares soar in the stock market.

During this year’s second quarter, 24 out of the 910 hedge funds part of Insider Monkey’s database were the firm’s investors. Brady Corporation (NYSE:BRC)’s largest shareholder out of these is Jim Simons’ Renaissance Technologies as it owns 1.1 million shares that are worth $56.8 million.

3. Resideo Technologies, Inc. (NYSE:REZI)

Number of Hedge Fund Investors in Q2 2023: 25

Resideo Technologies, Inc. (NYSE:REZI) sells home safety and smart home products. The firm expanded its cooperation with the military insurer USAA in late September as the latter added several of Resideo Technologies, Inc. (NYSE:REZI)’s products into its insurance portfolio.

As of June 2023, 25 out of the 910 hedge funds polled by Insider Monkey had bought and owned Resideo Technologies, Inc. (NYSE:REZI)’s shares. John W. Rogers’ Ariel Investments owns the biggest stake among these which is worth $246 million.

2. Napco Security Technologies, Inc. (NASDAQ:NSSC)

Number of Hedge Fund Investors in Q2 2023: 27

Napco Security Technologies, Inc. (NASDAQ:NSSC) is a home security product company that sells devices such as safes, security cameras, fire alarm systems, locks, and other products. The firm’s shares are rated Buy on average and analysts have set an average share price target of $28.80.

By the end of 2023’s second quarter, 27 among the 910 hedge funds tracked by Insider Monkey were the firm’s investors. Napco Security Technologies, Inc. (NASDAQ:NSSC)’s largest hedge fund shareholder is William Zolezzi’s Divisadero Street Capital as it owns a $15.5 million stake.

1. Allegion plc (NYSE:ALLE)

Number of Hedge Fund Investors in Q2 2023: 29

Allegion plc (NYSE:ALLE) provides a wide variety of security products and solutions that include door locks and digital monitoring applications. The firm has been doing well on the financial front as of late since it has beaten analysts’ EPS estimates in all four of its latest quarters.

29 out of the 910 hedge funds part of Insider Monkey’s Q2 2023 research had bought and owned a stake in Allegion plc (NYSE:ALLE). Nicolai Tangen’s Ako Capital is the biggest stakeholder among these, through its $2.2 million shares that are worth $265 million.

Disclosure: None. You can also take a look at 16 Best Growth Stocks To Buy According To Hedge Funds and 15 Stocks Dumb Money’s Steve Cohen Is Betting On Now.

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