Macquarie Group Ltd. Buys 6,163 Shares of NortonLifeLock Inc. (NASDAQ:NLOK)

Macquarie Group Ltd. increased its stake in NortonLifeLock Inc. (NASDAQ:NLOK – Get Rating) by 16.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,398 shares of the company’s stock after buying an additional 6,163 shares during the period. Macquarie Group Ltd.’s holdings in NortonLifeLock were worth $869,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of NortonLifeLock during the third quarter valued at approximately $41,000. CoreCap Advisors LLC bought a new stake in shares of NortonLifeLock in the 2nd quarter worth about $49,000. Allworth Financial LP boosted its position in NortonLifeLock by 41.9% in the 3rd quarter. Allworth Financial LP now owns 3,728 shares of the company’s stock valued at $75,000 after buying an additional 1,101 shares during the period. Alpha Paradigm Partners LLC lifted its position in shares of NortonLifeLock by 53.4% in the 2nd quarter. Alpha Paradigm Partners LLC now owns 5,050 shares of the company’s stock worth $111,000 after purchasing an additional 1,757 shares during the period. Finally, Cambridge Trust Co. purchased a new stake in shares of NortonLifeLock in the 2nd quarter worth approximately $125,000. Institutional investors own 94.86% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of NortonLifeLock in a research note on Wednesday, March 8th. They issued a “buy” rating on the stock.

NortonLifeLock Price Performance

Shares of NortonLifeLock stock opened at $21.66 on Monday. The stock has a market capitalization of $12.38 billion, a price-to-earnings ratio of 11.62 and a beta of 0.76. The firm’s fifty day simple moving average is $21.30 and its 200-day simple moving average is $21.77. NortonLifeLock Inc. has a 12 month low of $20.12 and a 12 month high of $30.92.

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.