Analysts Initiate Coverage on NortonLifeLock (NASDAQ:NLOK)

NLOK Stock

Wednesday, equities research analysts commenced coverage on NortonLifeLock (NLOK:NSD) shares and released a research note.

 

NLOK Stock Price Analysis:

Wednesday’s opening price of $19.27 for NLOK stock shares was up 0.1% from Tuesday’s opening price of $19.27. The 52-week high for the stock is $30.92, while the 52-week low is $20.12.

The business has an $11.01 billion market capitalization, a price-to-earnings ratio of 13.48, and a beta of 0.76. The fifty-day moving average for NortonLifeLock stock is $21.48, while the two-hundred-day moving average is $21.88.

NLOK Ratings by Stock Target Advisor

Hedge Funds & Institutional Holdings:

Many institutional investors have bought and sold NLOK stock shares. During the third quarter, Chevy Chase Trust Holdings LLC increased its stake in the company’s shares by 2.9% and now owns 361,531 shares worth $7,281,000.

During the second quarter, Wahed Invest LLC acquired a new holding in NortonLifeLock for roughly $133,000.

During the third quarter, Retirement Systems of Alabama increased its stake in the company’s shares by 2.0% and now owns 196,661 shares worth $3,961,000.

During the third quarter, Jennison Associates LLC also acquired a new interest in NortonLifeLock for $1,664,000.

Finally, Natixis purchased a $555,000 investment in the company’s shares during the second quarter.

94.86% of NLOK stock is owned by institutional investors and hedge funds.

 

Company Profile:

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.

The company was formerly known as Symantec Corporation and changed its name to NortonLifeLock Inc. in November 2019. NortonLifeLock Inc. was founded in 1982 and is based in Tempe, Arizona.

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