AGF Investments LLC grew its holdings in shares of NortonLifeLock Inc. (NASDAQ:NLOK) by 10.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,968 shares of the company’s stock after purchasing an additional 3,994 shares during the period. AGF Investments LLC’s holdings in NortonLifeLock were worth $1,036,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Boston Partners grew its position in shares of NortonLifeLock by 46.0% during the 3rd quarter. Boston Partners now owns 17,685,752 shares of the company’s stock worth $447,512,000 after purchasing an additional 5,573,877 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of NortonLifeLock by 20.1% during the 3rd quarter. Alliancebernstein L.P. now owns 17,449,548 shares of the company’s stock worth $441,474,000 after acquiring an additional 2,919,992 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of NortonLifeLock by 4.7% during the 2nd quarter. Geode Capital Management LLC now owns 10,795,151 shares of the company’s stock worth $293,173,000 after acquiring an additional 488,646 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of NortonLifeLock by 0.7% during the 2nd quarter. Franklin Resources Inc. now owns 10,221,679 shares of the company’s stock worth $278,235,000 after acquiring an additional 69,078 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of NortonLifeLock by 1.9% during the 2nd quarter. Legal & General Group Plc now owns 7,597,101 shares of the company’s stock worth $206,793,000 after acquiring an additional 142,191 shares in the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.
Several analysts recently issued reports on NLOK shares. Mizuho reiterated a “buy” rating and set a $26.00 price target on shares of NortonLifeLock in a research report on Friday, November 5th. Royal Bank of Canada increased their price target on shares of NortonLifeLock from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Friday, November 5th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, NortonLifeLock currently has an average rating of “Buy” and an average target price of $27.83.
NortonLifeLock (NASDAQ:NLOK) last released its quarterly earnings results on Thursday, November 4th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The firm had revenue of $692.00 million during the quarter, compared to the consensus estimate of $695.27 million. NortonLifeLock had a net margin of 32.95% and a negative return on equity of 216.09%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 earnings per share. As a group, equities analysts predict that NortonLifeLock Inc. will post 1.7 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 15th. Stockholders of record on Monday, November 22nd were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Friday, November 19th. NortonLifeLock’s payout ratio is currently 33.33%.
NortonLifeLock, 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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