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21,123 Shares in NortonLifeLock Inc. (NASDAQ:NLOK) Acquired by Miracle Mile Advisors LLC

Defense World · Sep 26, 2022 05:42

Miracle Mile Advisors LLC purchased a new stake in NortonLifeLock Inc. (NASDAQ:NLOK – Get Rating) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 21,123 shares of the company's stock, valued at approximately $464,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC bought a new position in shares of NortonLifeLock in the first quarter valued at $206,000. Xponance Inc. raised its holdings in NortonLifeLock by 2.8% in the 1st quarter. Xponance Inc. now owns 52,579 shares of the company's stock valued at $1,394,000 after acquiring an additional 1,452 shares during the period. Lmcg Investments LLC acquired a new stake in NortonLifeLock during the first quarter worth approximately $337,000. Los Angeles Capital Management LLC boosted its holdings in shares of NortonLifeLock by 156.9% during the first quarter. Los Angeles Capital Management LLC now owns 503,980 shares of the company's stock worth $13,366,000 after acquiring an additional 307,821 shares during the period. Finally, Great West Life Assurance Co. Can grew its position in shares of NortonLifeLock by 2.3% in the first quarter. Great West Life Assurance Co. Can now owns 625,808 shares of the company's stock valued at $17,537,000 after purchasing an additional 14,088 shares during the last quarter. Institutional investors and hedge funds own 94.86% of the company's stock.

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NortonLifeLock Price Performance

NortonLifeLock stock opened at $20.67 on Monday. The firm has a market cap of $11.81 billion, a PE ratio of 14.45 and a beta of 0.71. The stock's fifty day moving average price is $23.43 and its two-hundred day moving average price is $24.38. NortonLifeLock Inc. has a one year low of $20.44 and a one year high of $30.92.

NortonLifeLock (NASDAQ:NLOK – Get Rating) last released its earnings results on Thursday, August 4th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. The company had revenue of $708.00 million for the quarter, compared to analyst estimates of $711.32 million. NortonLifeLock had a negative return on equity of 565.66% and a net margin of 30.35%. Sell-side analysts expect 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 was paid on Wednesday, September 14th. Stockholders of record on Monday, August 22nd were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Friday, August 19th. NortonLifeLock's payout ratio is presently 34.97%.

Insider Transactions at NortonLifeLock

In other news, President Ondrej Vlcek acquired 456,475 shares of the firm's stock in a transaction that occurred on Thursday, September 15th. The shares were acquired at an average cost of $21.91 per share, with a total value of $10,001,367.25. Following the completion of the purchase, the president now directly owns 3,453,198 shares of the company's stock, valued at approximately $75,659,568.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. TheStreet cut NortonLifeLock from a "b-" rating to a "c+" rating in a report on Tuesday, July 5th. Barclays dropped their target price on NortonLifeLock to $28.00 in a report on Tuesday, August 9th. Finally, StockNews.com upgraded shares of NortonLifeLock from a "hold" rating to a "buy" rating in a research note on Monday, September 12th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, NortonLifeLock currently has an average rating of "Moderate Buy" and an average target price of $27.40.

About NortonLifeLock

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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.