Stock analysts at StockNews.com began coverage on shares of NortonLifeLock (NASDAQ:NLOK – Get Free Report) in a report released on Thursday. The brokerage set a “buy” rating on the stock.
NortonLifeLock Stock Up 0.6 %
Shares of NLOK opened at $20.54 on Thursday. The company has a market capitalization of $11.74 billion, a P/E ratio of 14.36 and a beta of 0.76. The firm’s 50 day moving average price is $19.41. NortonLifeLock has a twelve month low of $20.12 and a twelve month high of $30.92.
Institutional Investors Weigh In On NortonLifeLock
Several institutional investors and hedge funds have recently made changes to their positions in NLOK. SYSTM Wealth Solutions LLC grew its position in NortonLifeLock by 5.8% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 15,340 shares of the company’s stock worth $263,000 after purchasing an additional 843 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its position in NortonLifeLock by 23.4% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 31,086 shares of the company’s stock worth $594,000 after purchasing an additional 5,885 shares during the period. Tredje AP fonden grew its position in NortonLifeLock by 2.7% in the 1st quarter. Tredje AP fonden now owns 124,307 shares of the company’s stock worth $2,133,000 after purchasing an additional 3,273 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its position in NortonLifeLock by 0.8% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 197,068 shares of the company’s stock worth $3,382,000 after purchasing an additional 1,579 shares during the period. Institutional investors own 94.86% of the company’s stock.
NortonLifeLock Company Profile
Gen Digital, Inc engages in the provision of security, storage, and systems management solutions. The firm focuses on providing consumer cyber safety with its business solutions. The company was founded by Gary Hendrix in April 1982 and is headquartered in Tempe, AZ.
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