Equities research analysts at StockNews.com began coverage on shares of NortonLifeLock (NASDAQ:NLOK – Get Rating) in a research note issued on Wednesday. The brokerage set a “buy” rating on the stock.
NortonLifeLock Stock Up 0.1 %
NASDAQ:NLOK opened at $19.27 on Wednesday. NortonLifeLock has a 52 week low of $20.12 and a 52 week high of $30.92. The stock’s fifty day moving average is $21.48 and its two-hundred day moving average is $21.88. The stock has a market capitalization of $11.01 billion, a price-to-earnings ratio of 13.48 and a beta of 0.76.
Hedge Funds Weigh In On NortonLifeLock
Institutional investors have recently bought and sold shares of the company. Chevy Chase Trust Holdings LLC boosted its stake in shares of NortonLifeLock by 2.9% in the third quarter. Chevy Chase Trust Holdings LLC now owns 361,531 shares of the company’s stock valued at $7,281,000 after purchasing an additional 10,143 shares during the period. Wahed Invest LLC purchased a new position in NortonLifeLock in the 2nd quarter valued at approximately $133,000. Retirement Systems of Alabama grew its stake in shares of NortonLifeLock by 2.0% in the third quarter. Retirement Systems of Alabama now owns 196,661 shares of the company’s stock worth $3,961,000 after acquiring an additional 3,767 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of NortonLifeLock during the third quarter worth $1,664,000. Finally, Natixis acquired a new stake in shares of NortonLifeLock in the second quarter valued at $555,000. 94.86% of the stock is owned by institutional investors and hedge funds.
NortonLifeLock 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.
