Analysts at StockNews.com began coverage on shares of NortonLifeLock (NASDAQ:NLOK – Get Rating) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating on the stock.
NortonLifeLock Trading Down 1.2 %
Shares of NLOK opened at $18.63 on Tuesday. NortonLifeLock has a 1-year low of $20.12 and a 1-year high of $30.92. The stock has a market capitalization of $10.64 billion, a PE ratio of 13.03 and a beta of 0.76. The company has a fifty day moving average of $17.38.
Institutional Investors Weigh In On NortonLifeLock
A number of institutional investors and hedge funds have recently bought and sold shares of NLOK. SYSTM Wealth Solutions LLC increased its stake in NortonLifeLock by 5.8% in the first quarter. SYSTM Wealth Solutions LLC now owns 15,340 shares of the company’s stock valued at $263,000 after purchasing an additional 843 shares during the period. Kovitz Investment Group Partners LLC increased its stake in 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. Tredje AP fonden increased 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 purchasing an additional 3,273 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. increased its stake in NortonLifeLock by 23.4% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 31,086 shares of the company’s stock valued at $594,000 after purchasing an additional 5,885 shares during the period. 94.86% of the stock is owned by hedge funds and other institutional investors.
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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