National Asset Management Inc. purchased a new stake in NortonLifeLock Inc. (NASDAQ:NLOK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 22,371 shares of the company’s stock, valued at approximately $457,000.
Several other large investors have also added to or reduced their stakes in NLOK. Assenagon Asset Management S.A. raised its holdings in shares of NortonLifeLock by 12.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 117,697 shares of the company’s stock valued at $2,334,000 after acquiring an additional 12,665 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of NortonLifeLock by 2.1% in the 2nd quarter. New York State Teachers Retirement System now owns 821,553 shares of the company’s stock valued at $16,291,000 after acquiring an additional 16,748 shares in the last quarter. M&G Investment Management Ltd. purchased a new stake in shares of NortonLifeLock in the 2nd quarter valued at about $858,000. Railway Pension Investments Ltd raised its holdings in shares of NortonLifeLock by 43.8% in the 2nd quarter. Railway Pension Investments Ltd now owns 155,600 shares of the company’s stock valued at $3,086,000 after acquiring an additional 47,400 shares in the last quarter. Finally, Three Peaks Capital Management LLC purchased a new stake in shares of NortonLifeLock in the 2nd quarter valued at about $1,314,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on the company. Morgan Stanley decreased their price objective on NortonLifeLock from $27.00 to $25.50 and set an “overweight” rating on the stock in a report on Wednesday, November 11th. Robert W. Baird reissued a “buy” rating on shares of NortonLifeLock in a report on Friday, August 28th. ValuEngine cut NortonLifeLock from a “hold” rating to a “sell” rating in a report on Wednesday, November 11th. Oppenheimer reissued a “hold” rating on shares of NortonLifeLock in a report on Friday, August 7th. Finally, TheStreet cut NortonLifeLock from a “b-” rating to a “c” rating in a report on Monday, August 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. NortonLifeLock has an average rating of “Hold” and an average target price of $23.88.
NortonLifeLock (NASDAQ:NLOK) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. The firm had revenue of $626.00 million for the quarter, compared to analyst estimates of $621.45 million. NortonLifeLock had a return on equity of 14.92% and a net margin of 162.14%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.18 EPS. As a group, equities analysts predict that NortonLifeLock Inc. will post 1.15 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Monday, November 23rd will be given a dividend of $0.125 per share. The ex-dividend date is Friday, November 20th. This represents a $0.50 annualized dividend and a dividend yield of 2.74%. NortonLifeLock’s dividend payout ratio is presently 66.67%.
NortonLifeLock Company Profile
NortonLifeLock Inc provides cyber safety solutions for consumers worldwide. The company offers Norton security solutions as a subscription service providing protection for PCs, Macs, and mobile devices against malware, viruses, adware, ransomware, and other online threats on various platforms; and LifeLock identity theft protection solution that offers monitoring, alerts, and restoration services to its customers.
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