Seems like a douche move rather than a fair one. A university is a place of somewhat more trust in others than the outside, because in academia you share knowledge with others, the spirit is a bit different, you don’t take others’ tools.
Taking advantage of that to run a test of whether it’s easy to steal laptops is not entirely ethical.
Not to say that people shouldn’t be careful, but exploiting them isn’t cool either.
When I was in school, someone hacked my student account and framed me for downloading and piracy. I didn’t have to go to court, but if I ever found out who did it, I’d gladly have caused them serious injury.
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