NortonLifeLock Inc. (NASDAQ:NLOK) Shares Bought by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV boosted its stake in shares of NortonLifeLock Inc. (NASDAQ:NLOK) by 12.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,034 shares of the company’s stock after buying an additional 6,925 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in NortonLifeLock were worth $1,270,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its stake in shares of NortonLifeLock by 11.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,084 shares of the company’s stock valued at $189,000 after purchasing an additional 1,062 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of NortonLifeLock by 86.3% in the 1st quarter. Rockefeller Capital Management L.P. now owns 2,306 shares of the company’s stock valued at $43,000 after purchasing an additional 1,068 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of NortonLifeLock by 3.4% in the 1st quarter. Baird Financial Group Inc. now owns 34,351 shares of the company’s stock valued at $643,000 after purchasing an additional 1,117 shares during the last quarter. First Manhattan Co. lifted its stake in shares of NortonLifeLock by 1.1% in the 1st quarter. First Manhattan Co. now owns 105,827 shares of the company’s stock valued at $1,980,000 after purchasing an additional 1,139 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in shares of NortonLifeLock by 78.4% in the 2nd quarter. Allworth Financial LP now owns 2,719 shares of the company’s stock valued at $54,000 after purchasing an additional 1,195 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors.

In other news, President Samir Kapuria sold 45,162 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $20.61, for a total value of $930,788.82. Following the transaction, the president now owns 291,481 shares in the company, valued at approximately $6,007,423.41. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Peter A. Feld sold 10,900,195 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $20.97, for a total value of $228,577,089.15. Following the completion of the transaction, the director now owns 40,008 shares in the company, valued at approximately $838,967.76. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

Several brokerages have recently commented on NLOK. Morgan Stanley upped their price target on NortonLifeLock from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Mizuho upped their price target on NortonLifeLock from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, May 15th. They noted that the move was a valuation call. Robert W. Baird upgraded NortonLifeLock from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $24.00 to $25.00 in a report on Monday, June 8th. Credit Suisse Group boosted their price objective on NortonLifeLock from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Finally, UBS Group boosted their price objective on NortonLifeLock from $23.00 to $26.00 and gave the company a “buy” rating in a report on Friday, May 15th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $22.73.

Shares of NASDAQ NLOK opened at $21.45 on Friday. The stock’s 50-day moving average is $20.17 and its two-hundred day moving average is $20.75. The company has a debt-to-equity ratio of 353.80, a current ratio of 1.17 and a quick ratio of 1.17. NortonLifeLock Inc. has a 1-year low of $15.12 and a 1-year high of $28.70. The company has a market cap of $12.63 billion, a price-to-earnings ratio of 3.56, a price-to-earnings-growth ratio of 3.98 and a beta of 0.89.

NortonLifeLock (NASDAQ:NLOK) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.07. NortonLifeLock had a return on equity of 11.63% and a net margin of 125.92%. The company had revenue of $610.00 million for the quarter, compared to the consensus estimate of $602.21 million. During the same quarter in the prior year, the business earned $0.16 EPS. Equities research analysts anticipate that NortonLifeLock Inc. will post 0.89 earnings per share for the current fiscal year.

NortonLifeLock Profile

NortonLifeLock Inc provides cyber security products, services, and solutions worldwide. The company offers Norton security solutions as a subscription service providing protection for devices against malware, viruses, adware, and ransomware on various platforms; and LifeLock identity theft protection solution that provides identity monitoring, alerts, and restoration to its customers.

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Institutional Ownership by Quarter for NortonLifeLock (NASDAQ:NLOK)

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