StockNews.com started coverage on shares of NortonLifeLock (NASDAQ:NLOK – Get Free Report) in a research note issued on Monday. The brokerage set a “buy” rating on the stock.
NortonLifeLock Stock Performance
NLOK opened at $21.66 on Monday. The business’s 50-day simple moving average is $18.24 and its 200 day simple moving average is $18.62. The firm has a market capitalization of $12.38 billion, a PE ratio of 15.15 and a beta of 0.76. NortonLifeLock has a 52-week low of $20.12 and a 52-week high of $30.92.
Institutional Investors Weigh In On NortonLifeLock
A number of large investors have recently modified their holdings of NLOK. SYSTM Wealth Solutions LLC raised its position in shares of 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 acquiring an additional 843 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in NortonLifeLock by 23.4% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 31,086 shares of the company’s stock valued at $594,000 after acquiring an additional 5,885 shares during the period. Tredje AP fonden raised its holdings in NortonLifeLock by 2.7% during the 1st quarter. Tredje AP fonden now owns 124,307 shares of the company’s stock valued at $2,133,000 after acquiring an additional 3,273 shares during the period. Finally, Kovitz Investment Group Partners LLC raised its position in shares of NortonLifeLock by 0.8% in the first quarter. Kovitz Investment Group Partners LLC now owns 197,068 shares of the company’s stock worth $3,382,000 after buying an additional 1,579 shares in the last quarter. Institutional investors and hedge funds own 94.86% of the company’s stock.
About NortonLifeLock
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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