NortonLifeLock Inc. (NASDAQ:NLOK – Get Rating) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 21,880,000 shares, an increase of 27.1% from the August 31st total of 17,210,000 shares. Based on an average daily volume of 5,800,000 shares, the short-interest ratio is currently 3.8 days.
NortonLifeLock Trading Down 2.8 %
Shares of NLOK traded down $0.58 during midday trading on Thursday, reaching $20.37. 3,707,164 shares of the company were exchanged, compared to its average volume of 5,899,771. The stock has a 50-day moving average price of $23.11 and a 200-day moving average price of $24.22. The company has a market cap of $11.64 billion, a price-to-earnings ratio of 14.24 and a beta of 0.71. NortonLifeLock has a 1-year low of $20.27 and a 1-year high of $30.92.
Get NortonLifeLock alerts:NortonLifeLock (NASDAQ:NLOK – Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. The company had revenue of $708.00 million for the quarter, compared to analysts' expectations of $711.32 million. NortonLifeLock had a negative return on equity of 565.66% and a net margin of 30.35%. Equities research analysts anticipate that NortonLifeLock will post 1.69 earnings per share for the current year.
NortonLifeLock Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Monday, August 22nd were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Friday, August 19th. NortonLifeLock's dividend payout ratio is presently 34.97%.Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Barclays lowered their price target on NortonLifeLock to $28.00 in a research report on Tuesday, August 9th. TheStreet downgraded NortonLifeLock from a "b-" rating to a "c+" rating in a research report on Tuesday, July 5th. Finally, StockNews.com downgraded NortonLifeLock from a "buy" rating to a "hold" rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $27.40.
Insider Activity
In other NortonLifeLock news, President Ondrej Vlcek acquired 456,475 shares of the stock in a transaction dated Thursday, September 15th. The stock was acquired at an average price of $21.91 per share, with a total value of $10,001,367.25. Following the completion of the transaction, the president now directly owns 3,453,198 shares in the company, valued at $75,659,568.18. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.30% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of NLOK. Private Advisor Group LLC lifted its stake in shares of NortonLifeLock by 15.6% during the fourth quarter. Private Advisor Group LLC now owns 20,740 shares of the company's stock worth $539,000 after purchasing an additional 2,793 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of NortonLifeLock by 30.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 7,089 shares of the company's stock worth $184,000 after acquiring an additional 1,663 shares in the last quarter. State Street Corp lifted its stake in shares of NortonLifeLock by 3.8% in the fourth quarter. State Street Corp now owns 25,944,974 shares of the company's stock worth $674,050,000 after acquiring an additional 953,733 shares in the last quarter. Bridgewater Associates LP acquired a new position in shares of NortonLifeLock in the fourth quarter worth about $878,000. Finally, Guggenheim Capital LLC lifted its stake in shares of NortonLifeLock by 23.0% in the fourth quarter. Guggenheim Capital LLC now owns 78,381 shares of the company's stock worth $2,037,000 after acquiring an additional 14,633 shares in the last quarter. Institutional investors and hedge funds own 94.86% of the company's stock.
NortonLifeLock Company Profile
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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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