Amalgamated Bank Cuts Stock Position in NortonLifeLock Inc. (NASDAQ:NLOK)

Amalgamated Bank lessened its stake in shares of NortonLifeLock Inc. (NASDAQ:NLOKGet Rating) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,915 shares of the company’s stock after selling 5,774 shares during the quarter. Amalgamated Bank’s holdings in NortonLifeLock were worth $5,143,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NLOK. Private Advisor Group LLC raised 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 during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of NortonLifeLock by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,880,053 shares of the company’s stock worth $74,825,000 after purchasing an additional 21,934 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of NortonLifeLock by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 11,390,347 shares of the company’s stock worth $295,347,000 after purchasing an additional 241,058 shares during the last quarter. Invesco Ltd. raised its stake in shares of NortonLifeLock by 12.6% during the fourth quarter. Invesco Ltd. now owns 6,294,347 shares of the company’s stock worth $163,528,000 after purchasing an additional 701,981 shares during the last quarter. Finally, Gotham Asset Management LLC raised its stake in shares of NortonLifeLock by 40.1% during the fourth quarter. Gotham Asset Management LLC now owns 194,654 shares of the company’s stock worth $5,057,000 after purchasing an additional 55,667 shares during the last quarter. Hedge funds and other institutional investors own 94.86% of the company’s stock.

NortonLifeLock Stock Performance

NortonLifeLock stock opened at $21.32 on Tuesday. The firm has a market capitalization of $12.18 billion, a price-to-earnings ratio of 14.91 and a beta of 0.71. NortonLifeLock Inc. has a fifty-two week low of $20.89 and a fifty-two week high of $30.92. The stock’s fifty day moving average is $23.61 and its two-hundred day moving average is $24.57.

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

NortonLifeLock Dividend Announcement

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

Analyst Ratings Changes

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

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.

See Also

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Institutional Ownership by Quarter for NortonLifeLock (NASDAQ:NLOK)

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