DNB Asset Management AS purchased a new position in NortonLifeLock Inc. (NASDAQ:NLOK) in the fourth quarter, Holdings Channel reports. The fund purchased 85,416 shares of the company’s stock, valued at approximately $2,180,000.
Other large investors also recently made changes to their positions in the company. IBM Retirement Fund acquired a new stake in shares of NortonLifeLock in the fourth quarter worth about $215,000. Sanders Morris Harris LLC acquired a new stake in shares of NortonLifeLock in the fourth quarter worth about $234,000. FTB Advisors Inc. acquired a new stake in shares of NortonLifeLock in the fourth quarter worth about $370,000. New Mexico Educational Retirement Board acquired a new stake in shares of NortonLifeLock in the third quarter worth about $1,127,000. Finally, Bonness Enterprises Inc. acquired a new stake in shares of NortonLifeLock in the fourth quarter worth about $1,314,000. 85.32% of the stock is owned by institutional investors.
Shares of NortonLifeLock stock opened at $28.13 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.55. NortonLifeLock Inc. has a fifty-two week low of $17.50 and a fifty-two week high of $28.22. The firm has a fifty day moving average of $25.94. The company has a market cap of $17.37 billion, a P/E ratio of 24.04, a PEG ratio of 13.22 and a beta of 1.28.
NortonLifeLock (NASDAQ:NLOK) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. NortonLifeLock had a net margin of 21.39% and a return on equity of 12.82%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the firm earned $0.42 EPS. The business’s revenue was up .3% on a year-over-year basis. As a group, analysts forecast that NortonLifeLock Inc. will post 0.43 earnings per share for the current year.
Several equities analysts recently weighed in on the company. Robert W. Baird reissued a “hold” rating and set a $26.00 price objective on shares of NortonLifeLock in a research report on Monday, January 13th. Barclays raised NortonLifeLock from an “equal weight” rating to an “overweight” rating and set a $32.00 target price on the stock in a report on Monday, January 6th. Mizuho reaffirmed a “buy” rating and issued a $28.00 target price on shares of NortonLifeLock in a report on Tuesday, December 10th. Zacks Investment Research downgraded NortonLifeLock from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Finally, ValuEngine lowered NortonLifeLock from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. NortonLifeLock presently has an average rating of “Hold” and a consensus price target of $28.20.
NortonLifeLock Inc provides cyber security products, services, and solutions worldwide. The company offers Norton security solutions as a subscription service providing protection for devices against malware, viruses, adware, and ransomware on various platforms; and LifeLock identity theft protection solution that provides identity monitoring, alerts, and restoration to its customers.
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