Cibc World Market Inc. Sells 1,845 Shares of NortonLifeLock Inc. (NASDAQ:NLOK)

Cibc World Market Inc. lessened its holdings in NortonLifeLock Inc. (NASDAQ:NLOKGet Rating) by 9.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,334 shares of the company’s stock after selling 1,845 shares during the quarter. Cibc World Market Inc.’s holdings in NortonLifeLock were worth $381,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC bought a new stake in NortonLifeLock during the first quarter worth $206,000. Hennion & Walsh Asset Management Inc. raised its position in NortonLifeLock by 37.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 37,120 shares of the company’s stock worth $815,000 after acquiring an additional 10,028 shares in the last quarter. Lmcg Investments LLC bought a new stake in NortonLifeLock during the first quarter worth $337,000. Victory Capital Management Inc. raised its position in NortonLifeLock by 9.1% during the second quarter. Victory Capital Management Inc. now owns 382,238 shares of the company’s stock worth $8,394,000 after acquiring an additional 31,893 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its position in NortonLifeLock by 156.9% during the first quarter. Los Angeles Capital Management LLC now owns 503,980 shares of the company’s stock worth $13,366,000 after acquiring an additional 307,821 shares in the last quarter. 94.86% of the stock is owned by institutional investors.

NortonLifeLock Price Performance

Shares of NLOK opened at $23.05 on Wednesday. The firm has a market capitalization of $13.17 billion, a PE ratio of 16.12 and a beta of 0.76. The company’s 50-day moving average is $21.63 and its 200-day moving average is $22.91. NortonLifeLock Inc. has a fifty-two week low of $20.12 and a fifty-two week high of $30.92.

Insider Activity

In other NortonLifeLock news, President Ondrej Vlcek purchased 456,475 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were acquired at an average cost of $21.91 per share, for a total transaction of $10,001,367.25. Following the completion of the purchase, the president now owns 3,453,198 shares of the company’s stock, valued at approximately $75,659,568.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on NLOK shares. Morgan Stanley dropped their price target on shares of NortonLifeLock from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Monday, November 7th. StockNews.com initiated coverage on shares of NortonLifeLock in a research report on Wednesday, November 16th. They issued a “buy” rating on the stock. Finally, Barclays dropped their price objective on shares of NortonLifeLock to $28.00 in a research report on Tuesday, August 9th.

NortonLifeLock Company Profile

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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

Institutional Ownership by Quarter for NortonLifeLock (NASDAQ:NLOK)

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