Texas Permanent School Fund decreased its stake in NortonLifeLock Inc. (NASDAQ:NLOK) by 6.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,798 shares of the company’s stock after selling 6,548 shares during the quarter. Texas Permanent School Fund’s holdings in NortonLifeLock were worth $2,272,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of NLOK. Berman Capital Advisors LLC boosted its position in NortonLifeLock by 283.9% during the second quarter. Berman Capital Advisors LLC now owns 1,213 shares of the company’s stock worth $33,000 after purchasing an additional 897 shares in the last quarter. Parisi Gray Wealth Management purchased a new position in NortonLifeLock during the second quarter worth approximately $65,000. Fifth Third Bancorp boosted its position in NortonLifeLock by 29.6% during the second quarter. Fifth Third Bancorp now owns 3,040 shares of the company’s stock worth $83,000 after purchasing an additional 694 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in NortonLifeLock by 15.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,742 shares of the company’s stock worth $103,000 after purchasing an additional 514 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators purchased a new position in NortonLifeLock during the second quarter worth approximately $149,000. Hedge funds and other institutional investors own 90.96% of the company’s stock.
Shares of NortonLifeLock stock opened at $25.87 on Friday. The business has a 50 day simple moving average of $25.21 and a two-hundred day simple moving average of $25.89. NortonLifeLock Inc. has a 12 month low of $19.41 and a 12 month high of $28.92. The stock has a market capitalization of $15.05 billion, a P/E ratio of 17.25 and a beta of 0.73.
NortonLifeLock (NASDAQ:NLOK) last announced its earnings results on Thursday, November 4th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. NortonLifeLock had a negative return on equity of 216.09% and a net margin of 32.95%. The business had revenue of $692.00 million during the quarter, compared to analysts’ expectations of $695.27 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. As a group, equities analysts forecast that NortonLifeLock Inc. will post 1.7 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 15th. Investors of record on Monday, November 22nd were issued a $0.125 dividend. The ex-dividend date was Friday, November 19th. This represents a $0.50 annualized dividend and a dividend yield of 1.93%. NortonLifeLock’s dividend payout ratio is presently 33.33%.
A number of equities analysts have issued reports on the company. 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 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 given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $27.83.
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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