SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 3.0% Passive Stake in NAPCO Security Technologies Inc.
Schedule 13G Filing
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a passive beneficial ownership of 3.0% in NAPCO Security Technologies Inc. as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 1,094,045 shares of NAPCO Security Technologies Inc. common stock.
- This stake represents 3.0% of the company's outstanding common stock as of March 31, 2025.
- FMR LLC holds sole voting power over 1,093,146 shares and sole dispositive power over 1,094,045 shares.
- Abigail P. Johnson holds sole dispositive power over 1,094,045 shares.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously disclosed position.
- The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would significantly alter the sentiment towards the company, indicating a neutral stance.
Positives
- The continued holding of a stake by a prominent institutional investor like FMR LLC may signal ongoing confidence in NAPCO Security Technologies Inc.'s long-term prospects.
Negatives
- The document does not contain any negative information regarding NAPCO Security Technologies Inc.'s financial performance or operational outlook.
Risks
- The filing explicitly states that the shares are not held for the purpose of changing or influencing the control of NAPCO Security Technologies Inc., indicating a passive investment approach by FMR LLC and Abigail P. Johnson.
Future Outlook
The document, a Schedule 13G filing, is a disclosure of beneficial ownership and does not provide any forward-looking statements or guidance regarding NAPCO Security Technologies Inc.'s future outlook.
Industry Context
This Schedule 13G filing is a routine disclosure of institutional ownership and does not provide specific analysis of broader industry trends or competitive landscape within the security technology sector.
Related Party Transactions
- Abigail P. Johnson is a Director, Chairman, and CEO of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are predominant owners of Series B voting common shares of FMR LLC, representing 49% of its voting power. They form a controlling group with respect to FMR LLC through a shareholders' voting agreement.
Stakeholder Impact
- Shareholders: The filing indicates continued institutional interest in NAPCO Security Technologies Inc. by a major investment firm, which could be viewed positively.
- Employees, Customers, Suppliers, Creditors: No direct impact is indicated by this passive ownership disclosure.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 01/26/2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 03/31/2025 | Date of event which requires filing of this statement (reporting period end date). |
| 05/09/2025 | Date of filing of this Schedule 13G Amendment No. 1. |
Keywords
NAPCO Security Technologies Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Passive Investment, Common Stock, Institutional Investor, Security Technology
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