Fort L.P. Trims Stock Holdings in NortonLifeLock Inc. (NASDAQ:NLOK)

Fort L.P. lowered its position in NortonLifeLock Inc. (NASDAQ:NLOKGet Rating) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,279 shares of the company’s stock after selling 4,223 shares during the quarter. Fort L.P.’s holdings in NortonLifeLock were worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. lifted its stake in NortonLifeLock by 15.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,966 shares of the company’s stock valued at $77,000 after buying an additional 402 shares during the last quarter. State of Michigan Retirement System raised its stake in shares of NortonLifeLock by 0.3% during the fourth quarter. State of Michigan Retirement System now owns 146,429 shares of the company’s stock worth $3,804,000 after purchasing an additional 500 shares during the last quarter. IndexIQ Advisors LLC raised its stake in shares of NortonLifeLock by 5.5% during the third quarter. IndexIQ Advisors LLC now owns 9,671 shares of the company’s stock worth $245,000 after purchasing an additional 507 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of NortonLifeLock by 6.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,085 shares of the company’s stock worth $236,000 after purchasing an additional 519 shares during the last quarter. Finally, Reilly Financial Advisors LLC raised its stake in shares of NortonLifeLock by 11.1% during the fourth quarter. Reilly Financial Advisors LLC now owns 5,345 shares of the company’s stock worth $139,000 after purchasing an additional 533 shares during the last quarter. Institutional investors own 94.59% of the company’s stock.

NortonLifeLock stock traded down $0.24 during trading hours on Wednesday, hitting $24.04. The stock had a trading volume of 112,468 shares, compared to its average volume of 5,197,568. The stock has a market capitalization of $13.99 billion, a price-to-earnings ratio of 17.00 and a beta of 0.65. NortonLifeLock Inc. has a 1-year low of $23.47 and a 1-year high of $30.92. The stock’s fifty day moving average is $26.34 and its two-hundred day moving average is $26.33.

NortonLifeLock (NASDAQ:NLOKGet Rating) last posted its earnings results on Thursday, May 5th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The company had revenue of $716.00 million for the quarter, compared to analyst estimates of $709.62 million. NortonLifeLock had a negative return on equity of 444.77% and a net margin of 29.90%. NortonLifeLock’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 earnings per share. On average, research analysts expect that NortonLifeLock Inc. will post 1.76 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 8th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Tuesday, June 7th. NortonLifeLock’s dividend payout ratio (DPR) is 35.46%.

Several equities research analysts have recently commented on the company. Morgan Stanley cut NortonLifeLock from an “overweight” rating to an “equal weight” rating and set a $28.00 price target for the company. in a research note on Tuesday, March 29th. StockNews.com lowered NortonLifeLock from a “buy” rating to a “hold” rating in a report on Monday, May 9th. TheStreet raised NortonLifeLock from a “c+” rating to a “b-” rating in a report on Friday, February 18th. Finally, Robert W. Baird dropped their price objective on NortonLifeLock from $31.00 to $28.00 in a report on Monday, May 9th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NortonLifeLock has an average rating of “Hold” and a consensus target price of $28.20.

NortonLifeLock Company Profile (Get Rating)

NortonLifeLock Inc provides cyber safety solutions for consumers worldwide. The company 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 LifeLock identity theft protection solution that offers monitoring, alerts, and restoration services to its customers.

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Institutional Ownership by Quarter for NortonLifeLock (NASDAQ:NLOK)

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