Neuberger Berman Group LLC Reduces Holdings in NortonLifeLock Inc. (NASDAQ:NLOK)

Neuberger Berman Group LLC trimmed its position in shares of NortonLifeLock Inc. (NASDAQ:NLOKGet Rating) by 7.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,949,095 shares of the company’s stock after selling 157,081 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.33% of NortonLifeLock worth $51,690,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in NortonLifeLock by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 65,314,797 shares of the company’s stock valued at $1,732,147,000 after buying an additional 1,344,188 shares in the last quarter. Capital World Investors grew its holdings in NortonLifeLock by 0.3% in the 1st quarter. Capital World Investors now owns 53,179,973 shares of the company’s stock valued at $1,410,333,000 after buying an additional 170,809 shares in the last quarter. BlackRock Inc. grew its holdings in NortonLifeLock by 2.8% in the 4th quarter. BlackRock Inc. now owns 46,285,465 shares of the company’s stock valued at $1,202,497,000 after buying an additional 1,248,493 shares in the last quarter. State Street Corp grew its holdings in NortonLifeLock by 3.8% in the 4th quarter. State Street Corp now owns 25,944,974 shares of the company’s stock valued at $674,050,000 after buying an additional 953,733 shares in the last quarter. Finally, Boston Partners grew its holdings in NortonLifeLock by 6.6% in the 1st quarter. Boston Partners now owns 23,923,186 shares of the company’s stock valued at $634,623,000 after buying an additional 1,488,926 shares in the last quarter. 94.86% of the stock is currently owned by hedge funds and other institutional investors.

NortonLifeLock Trading Down 1.5 %

NLOK opened at $21.26 on Monday. The stock’s 50-day moving average price is $23.64 and its 200 day moving average price is $24.66. NortonLifeLock Inc. has a 12-month low of $20.89 and a 12-month high of $30.92. The firm has a market cap of $12.15 billion, a price-to-earnings ratio of 14.87 and a beta of 0.71.

NortonLifeLock (NASDAQ:NLOKGet Rating) last posted its earnings results on Thursday, August 4th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $711.32 million. On average, research analysts forecast that NortonLifeLock Inc. will post 1.69 earnings per share for the current year.

NortonLifeLock Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Monday, August 22nd were issued a dividend of $0.125 per share. The ex-dividend date was Friday, August 19th. This represents a $0.50 annualized dividend and a yield of 2.35%. NortonLifeLock’s dividend payout ratio (DPR) is 34.97%.

Analyst Ratings Changes

NLOK has been the subject of several analyst reports. Barclays dropped their target price on NortonLifeLock to $28.00 in a report on Tuesday, August 9th. TheStreet lowered NortonLifeLock from a “b-” rating to a “c+” rating in a research note on Tuesday, July 5th. Finally, StockNews.com raised NortonLifeLock from a “hold” rating to a “buy” rating in a research note on Monday, September 12th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $27.40.

NortonLifeLock Company Profile

(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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