Investment analysts at StockNews.com started coverage on shares of NortonLifeLock (NASDAQ:NLOK – Get Rating) in a research note issued on Friday. The firm set a “buy” rating on the stock.
NortonLifeLock Stock Up 3.8 %
NASDAQ:NLOK opened at $16.04 on Friday. NortonLifeLock has a 1-year low of $20.12 and a 1-year high of $30.92. The stock has a 50-day simple moving average of $17.02. The stock has a market cap of $9.16 billion, a P/E ratio of 11.22 and a beta of 0.76.
Institutional Investors Weigh In On NortonLifeLock
A number of large investors have recently modified their holdings of NLOK. SYSTM Wealth Solutions LLC grew its holdings in shares of NortonLifeLock by 5.8% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 15,340 shares of the company’s stock worth $263,000 after purchasing an additional 843 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in NortonLifeLock by 23.4% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 31,086 shares of the company’s stock worth $594,000 after purchasing an additional 5,885 shares during the last quarter. Tredje AP fonden lifted its stake in NortonLifeLock by 2.7% in the first quarter. Tredje AP fonden now owns 124,307 shares of the company’s stock valued at $2,133,000 after buying an additional 3,273 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its holdings in shares of NortonLifeLock by 0.8% in the first quarter. Kovitz Investment Group Partners LLC now owns 197,068 shares of the company’s stock valued at $3,382,000 after purchasing an additional 1,579 shares during the period. Hedge funds and other institutional investors own 94.86% of the company’s stock.
NortonLifeLock Company Profile
Gen Digital, 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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