Shufro Rose & Co. LLC Has $1.07 Million Holdings in NortonLifeLock Inc. (NASDAQ:NLOK)

Shufro Rose & Co. LLC trimmed its position in NortonLifeLock Inc. (NASDAQ:NLOKGet Rating) by 13.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,361 shares of the company’s stock after selling 6,250 shares during the period. Shufro Rose & Co. LLC’s holdings in NortonLifeLock were worth $1,070,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its position in shares of NortonLifeLock by 2.8% in the 4th quarter. BlackRock Inc. now owns 46,285,465 shares of the company’s stock valued at $1,202,497,000 after acquiring an additional 1,248,493 shares during the period. State Street Corp raised its position in shares of NortonLifeLock by 3.8% in the 4th quarter. State Street Corp now owns 25,944,974 shares of the company’s stock valued at $674,050,000 after acquiring an additional 953,733 shares during the period. Boston Partners raised its position in shares of NortonLifeLock by 26.8% in the 4th quarter. Boston Partners now owns 22,434,260 shares of the company’s stock valued at $583,041,000 after acquiring an additional 4,748,508 shares during the period. Alliancebernstein L.P. raised its position in shares of NortonLifeLock by 2.7% in the 4th quarter. Alliancebernstein L.P. now owns 17,913,984 shares of the company’s stock valued at $465,405,000 after acquiring an additional 464,436 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of NortonLifeLock by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 11,390,347 shares of the company’s stock valued at $295,347,000 after acquiring an additional 241,058 shares during the period. 94.59% of the stock is currently owned by institutional investors and hedge funds.

NortonLifeLock Price Performance

Shares of NortonLifeLock stock opened at $24.21 on Friday. The business has a fifty day simple moving average of $23.57 and a two-hundred day simple moving average of $25.62. NortonLifeLock Inc. has a 1 year low of $21.55 and a 1 year high of $30.92. The company has a market capitalization of $13.83 billion, a price-to-earnings ratio of 16.93 and a beta of 0.70.

NortonLifeLock (NASDAQ:NLOKGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. NortonLifeLock had a negative return on equity of 724.13% and a net margin of 30.35%. The business had revenue of $716.00 million during the quarter, compared to the consensus estimate of $709.62 million. During the same quarter last year, the firm posted $0.38 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities analysts anticipate that NortonLifeLock Inc. will post 1.69 earnings per share for the current fiscal year.

NortonLifeLock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Stockholders of record on Monday, August 22nd will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Friday, August 19th. NortonLifeLock’s dividend payout ratio is currently 34.97%.

Insider Transactions at NortonLifeLock

In other news, Director Peter A. Feld bought 500,000 shares of the company’s stock in a transaction dated Wednesday, June 15th. The stock was bought at an average price of $22.03 per share, with a total value of $11,015,000.00. Following the completion of the acquisition, the director now owns 2,024,896 shares of the company’s stock, valued at $44,608,458.88. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Peter A. Feld purchased 1,400,000 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The shares were bought at an average price of $22.38 per share, for a total transaction of $31,332,000.00. Following the completion of the transaction, the director now owns 9,181,938 shares of the company’s stock, valued at $205,491,772.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter A. Feld purchased 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The stock was bought at an average price of $22.03 per share, for a total transaction of $11,015,000.00. Following the transaction, the director now directly owns 2,024,896 shares of the company’s stock, valued at approximately $44,608,458.88. The disclosure for this purchase can be found here. Insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. TheStreet cut NortonLifeLock from a “b-” rating to a “c+” rating in a research note on Tuesday, July 5th. StockNews.com raised shares of NortonLifeLock from a “hold” rating to a “buy” rating in a research note on Tuesday, July 19th. Finally, Robert W. Baird cut their price objective on NortonLifeLock from $31.00 to $28.00 in a report on Monday, May 9th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.25.

NortonLifeLock Profile

(Get Rating)

NortonLifeLock Inc provides cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers Norton 360, an integrated platform provides extensive cyber safety coverage and a subscription service providing protection for PCs, Macs, and mobile devices against malware, viruses, adware, ransomware, and other online threats on various platforms; and Norton and LifeLock identity theft protection solution that offers monitoring, alerts, and restoration services to its customers.

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Institutional Ownership by Quarter for NortonLifeLock (NASDAQ:NLOK)

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