Fortis Advisors LLC Invests $99,000 in NortonLifeLock Inc. (NASDAQ:NLOK)

Fortis Advisors LLC purchased a new position in NortonLifeLock Inc. (NASDAQ:NLOKGet Rating) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,735 shares of the company’s stock, valued at approximately $99,000.

Other institutional investors also recently made changes to their positions in the company. Steward Financial Group LLC acquired a new position in shares of NortonLifeLock in the first quarter worth $31,000. UMB Bank N A MO acquired a new position in NortonLifeLock in the fourth quarter valued at $45,000. Allworth Financial LP increased its stake in NortonLifeLock by 28.8% in the first quarter. Allworth Financial LP now owns 1,944 shares of the company’s stock valued at $52,000 after purchasing an additional 435 shares during the last quarter. Prospera Financial Services Inc acquired a new position in NortonLifeLock in the first quarter valued at $60,000. Finally, Sentry Investment Management LLC increased its stake in NortonLifeLock by 10.4% in the first quarter. Sentry Investment Management LLC now owns 4,662 shares of the company’s stock valued at $124,000 after purchasing an additional 438 shares during the last quarter. 94.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on NLOK shares. StockNews.com lowered NortonLifeLock from a “buy” rating to a “hold” rating in a research note on Friday, September 2nd. TheStreet lowered NortonLifeLock from a “b-” rating to a “c+” rating in a research note on Tuesday, July 5th. Finally, Barclays lowered their price target on NortonLifeLock to $28.00 in a research report on Tuesday, August 9th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $27.40.

Insider Transactions at NortonLifeLock

In related news, Director Peter A. Feld bought 1,400,000 shares of the firm’s stock in a transaction dated Monday, June 13th. The stock was bought at an average price of $22.38 per share, with a total value of $31,332,000.00. Following the completion of the transaction, the director now directly owns 9,181,938 shares of the company’s stock, valued at $205,491,772.44. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other NortonLifeLock news, Director Peter A. Feld purchased 500,000 shares of NortonLifeLock stock in a transaction that occurred on Wednesday, June 15th. The stock was purchased at an average price of $22.03 per share, with a total value of $11,015,000.00. Following the completion of the acquisition, the director now owns 2,024,896 shares of the company’s stock, valued at approximately $44,608,458.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter A. Feld purchased 1,400,000 shares of NortonLifeLock stock in a transaction that occurred on Monday, June 13th. The stock was acquired at an average cost of $22.38 per share, with a total value of $31,332,000.00. Following the acquisition, the director now directly owns 9,181,938 shares of the company’s stock, valued at approximately $205,491,772.44. The disclosure for this purchase can be found here. Company insiders own 3.30% of the company’s stock.

NortonLifeLock Trading Down 2.8 %

NLOK stock opened at $22.73 on Friday. The stock has a 50-day moving average price of $23.72 and a two-hundred day moving average price of $24.90. NortonLifeLock Inc. has a 12-month low of $21.55 and a 12-month high of $30.92. The company has a market cap of $12.99 billion, a PE ratio of 15.90 and a beta of 0.71.

NortonLifeLock (NASDAQ:NLOKGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. NortonLifeLock had a negative return on equity of 565.66% and a net margin of 30.35%. The firm had revenue of $708.00 million during the quarter, compared to the consensus estimate of $711.32 million. Equities analysts forecast that NortonLifeLock Inc. will post 1.69 EPS for the current fiscal year.

NortonLifeLock Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Stockholders of record on Monday, August 22nd will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Friday, August 19th. NortonLifeLock’s payout ratio is 34.97%.

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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Institutional Ownership by Quarter for NortonLifeLock (NASDAQ:NLOK)

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