Raymond James Trust N.A. reduced its position in NortonLifeLock Inc. (NASDAQ:NLOK – Get Rating) by 8.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,243 shares of the company's stock after selling 1,779 shares during the period. Raymond James Trust N.A.'s holdings in NortonLifeLock were worth $422,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Wealthfront Advisers LLC increased its stake in NortonLifeLock by 0.3% in the 1st quarter. Wealthfront Advisers LLC now owns 140,080 shares of the company's stock valued at $3,715,000 after purchasing an additional 428 shares in the last quarter. Allworth Financial LP increased its position in NortonLifeLock by 28.8% during the first quarter. Allworth Financial LP now owns 1,944 shares of the company's stock worth $52,000 after buying an additional 435 shares in the last quarter. Sentry Investment Management LLC increased its position in NortonLifeLock by 10.4% during the first quarter. Sentry Investment Management LLC now owns 4,662 shares of the company's stock worth $124,000 after buying an additional 438 shares in the last quarter. Eqis Capital Management Inc. increased its position in NortonLifeLock by 2.8% during the first quarter. Eqis Capital Management Inc. now owns 16,826 shares of the company's stock worth $446,000 after buying an additional 459 shares in the last quarter. Finally, M&T Bank Corp increased its position in NortonLifeLock by 2.6% during the first quarter. M&T Bank Corp now owns 19,460 shares of the company's stock worth $516,000 after buying an additional 502 shares in the last quarter. 94.86% of the stock is owned by hedge funds and other institutional investors.
Get NortonLifeLock alerts:Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Barclays dropped their price target on NortonLifeLock to $28.00 in a research report on Tuesday, August 9th. TheStreet cut NortonLifeLock from a "b-" rating to a "c+" rating in a report on Tuesday, July 5th. Finally, StockNews.com upgraded NortonLifeLock from a "hold" rating to a "buy" rating in a report on Monday, September 12th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, NortonLifeLock presently has a consensus rating of "Moderate Buy" and an average price target of $27.40.
Insider Buying and Selling
In other NortonLifeLock news, President Ondrej Vlcek bought 456,475 shares of the company's stock in a transaction that occurred on Thursday, September 15th. The stock was purchased at an average price of $21.91 per share, with a total value of $10,001,367.25. Following the transaction, the president now owns 3,453,198 shares in the company, valued at $75,659,568.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.30% of the company's stock.NortonLifeLock Stock Performance
Shares of NASDAQ:NLOK opened at $20.51 on Tuesday. The stock has a 50-day simple moving average of $23.36 and a 200-day simple moving average of $24.33. The stock has a market capitalization of $11.72 billion, a P/E ratio of 14.34 and a beta of 0.71. NortonLifeLock Inc. has a 1 year low of $20.38 and a 1 year high of $30.92.
NortonLifeLock (NASDAQ:NLOK – Get Rating) last posted its earnings results on Thursday, August 4th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. The firm had revenue of $708.00 million during the quarter, compared to the consensus estimate of $711.32 million. NortonLifeLock had a net margin of 30.35% and a negative return on equity of 565.66%. Analysts predict that NortonLifeLock Inc. will post 1.69 earnings per share for the current year.
NortonLifeLock Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Investors of record on Monday, August 22nd were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Friday, August 19th. NortonLifeLock's dividend payout ratio (DPR) is presently 34.97%.
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.
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