NortonLifeLock Target of Unusually High Options Trading (NASDAQ:NLOK)

NortonLifeLock Inc. (NASDAQ:NLOKGet Rating) saw some unusual options trading activity on Monday. Stock traders purchased 5,834 call options on the company. This represents an increase of 62% compared to the typical daily volume of 3,605 call options.

Insider Buying and Selling at NortonLifeLock

In other news, Director Peter A. Feld bought 1,400,000 shares of NortonLifeLock stock in a transaction on Monday, June 13th. The shares were bought at an average cost of $22.38 per share, for a total transaction of $31,332,000.00. Following the acquisition, the director now owns 9,181,938 shares in the company, valued at $205,491,772.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Peter A. Feld bought 1,400,000 shares of NortonLifeLock stock in a transaction on Monday, June 13th. The shares were bought at an average cost of $22.38 per share, for a total transaction of $31,332,000.00. Following the acquisition, the director now owns 9,181,938 shares in the company, valued at $205,491,772.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter A. Feld acquired 500,000 shares of the company’s stock in a transaction dated Wednesday, June 15th. The shares were bought at an average cost of $22.03 per share, with a total value of $11,015,000.00. Following the purchase, the director now owns 2,024,896 shares in the company, valued at $44,608,458.88. The disclosure for this purchase can be found here. 3.20% of the stock is owned by insiders.

Institutional Trading of NortonLifeLock

Large investors have recently bought and sold shares of the company. Strs Ohio boosted its stake in shares of NortonLifeLock by 66.8% during the 4th quarter. Strs Ohio now owns 33,295 shares of the company’s stock valued at $865,000 after buying an additional 13,337 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of NortonLifeLock by 13.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 19,303 shares of the company’s stock valued at $502,000 after buying an additional 2,260 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of NortonLifeLock during the 4th quarter valued at approximately $5,709,000. Commonwealth Equity Services LLC boosted its stake in shares of NortonLifeLock by 1.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 72,109 shares of the company’s stock valued at $1,873,000 after buying an additional 885 shares during the last quarter. Finally, Desjardins Global Asset Management Inc. purchased a new position in shares of NortonLifeLock during the 4th quarter valued at approximately $48,000. Institutional investors and hedge funds own 94.59% of the company’s stock.

NortonLifeLock Stock Up 0.0 %

Shares of NASDAQ:NLOK opened at $24.78 on Wednesday. NortonLifeLock has a 52-week low of $21.55 and a 52-week high of $30.92. The company has a 50 day moving average of $23.51 and a two-hundred day moving average of $25.63. The company has a market capitalization of $14.37 billion, a price-to-earnings ratio of 17.57 and a beta of 0.70.

NortonLifeLock (NASDAQ:NLOKGet Rating) last issued its quarterly earnings data 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 net margin of 29.90% and a negative return on equity of 444.77%. The company 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 company earned $0.38 earnings per share. NortonLifeLock’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts anticipate that NortonLifeLock will post 1.68 earnings per share for the current year.

NortonLifeLock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 8th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.02%. The ex-dividend date was Tuesday, June 7th. NortonLifeLock’s dividend payout ratio (DPR) is 35.46%.

Analyst Upgrades and Downgrades

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

About NortonLifeLock

(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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