Louisiana pension fund buys $669K stake in Arlo as camera maker beats earnings
The Louisiana State Employees Retirement System has bought a new position in smart-camera maker Arlo Technologies, purchasing 47,000 shares worth roughly $669,000 in the first quarter of 2026, according to a Form 13F filing with the Securities and Exchange Commission.
Arlo beat expectations in its quarter reported May 7, 2026. It posted $0.28 earnings per share against a $0.19 consensus, on revenue of $150.38 million versus the $139.72 million expected. Revenue climbed 26.3% year on year.
The purchase lands as institutional money crowds into the stock. Institutions now hold 83.18% of shares, with recent buyers including Strs Ohio, Quadrant Capital Group, and EverSource Wealth Advisors, which lifted its holding by 1,682.9% in the second quarter of 2026.
Arlo had a return on equity of 18.66% and a net margin of 5.47% for the quarter. It guided Q2 2026 earnings to a range of $0.17 to $0.23 per share.
Insider selling adds a note of caution. Chief financial officer Kurtis Joseph Binder sold 16,507 shares on July 6, 2026 at an average $12.83, a total of $211,784. The stock trades at $13.37, well below its 12-month high of $19.94 and carrying a P/E ratio of 49.48.
Analysts lean bullish. Five rate the stock Buy and two Hold, for a "Moderate Buy" consensus and a $21.40 average price target. William Blair and Oppenheimer both started coverage with "outperform" ratings, while UBS Group set a $20.00 price objective.
A public pension fund staking a claim in Arlo, alongside a wave of institutional buyers, signals growing confidence in the connected-security market — even as insiders trim and the shares sit near their yearly floor.
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