Massmutual Trust Co. FSB ADV Sells 1,084 Shares of NortonLifeLock Inc. (NASDAQ:NLOK)

Massmutual Trust Co. FSB ADV trimmed its stake in NortonLifeLock Inc. (NASDAQ:NLOKGet Rating) by 8.3% during the second quarter, HoldingsChannel.com reports. The fund owned 11,911 shares of the company’s stock after selling 1,084 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in NortonLifeLock were worth $262,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NLOK. Private Advisor Group LLC grew its holdings in shares of NortonLifeLock by 15.6% in the 4th quarter. Private Advisor Group LLC now owns 20,740 shares of the company’s stock worth $539,000 after purchasing an additional 2,793 shares during the last quarter. Bank of Montreal Can grew its stake in NortonLifeLock by 19.2% during the fourth quarter. Bank of Montreal Can now owns 1,838,713 shares of the company’s stock worth $48,175,000 after buying an additional 295,849 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of NortonLifeLock by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,880,053 shares of the company’s stock worth $74,825,000 after buying an additional 21,934 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of NortonLifeLock by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 11,390,347 shares of the company’s stock valued at $295,347,000 after acquiring an additional 241,058 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of NortonLifeLock by 12.6% in the 4th quarter. Invesco Ltd. now owns 6,294,347 shares of the company’s stock worth $163,528,000 after acquiring an additional 701,981 shares in the last quarter. 94.86% of the stock is currently owned by institutional investors.

NortonLifeLock Price Performance

Shares of NASDAQ:NLOK opened at $21.26 on Monday. The stock has a market cap of $12.15 billion, a price-to-earnings ratio of 14.87 and a beta of 0.71. The company has a 50 day moving average of $23.64 and a 200-day moving average of $24.66. NortonLifeLock Inc. has a one year low of $20.89 and a one year high of $30.92.

NortonLifeLock (NASDAQ:NLOKGet Rating) last released its earnings results on Thursday, August 4th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The firm had revenue of $708.00 million during the quarter, compared to analyst estimates of $711.32 million. NortonLifeLock had a net margin of 30.35% and a negative return on equity of 565.66%. Equities research analysts anticipate that NortonLifeLock Inc. will post 1.69 earnings per share for the current year.

NortonLifeLock Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Monday, August 22nd were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date was Friday, August 19th. NortonLifeLock’s dividend payout ratio (DPR) is currently 34.97%.

Analyst Ratings Changes

NLOK has been the subject of a number of recent analyst reports. StockNews.com raised NortonLifeLock from a “hold” rating to a “buy” rating in a report on Monday, September 12th. Barclays cut their price target on NortonLifeLock to $28.00 in a report on Tuesday, August 9th. Finally, TheStreet lowered shares of NortonLifeLock from a “b-” rating to a “c+” rating in a report on Tuesday, July 5th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, NortonLifeLock presently has an average rating of “Moderate Buy” and an average price target of $27.40.

NortonLifeLock Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for NortonLifeLock (NASDAQ:NLOK)

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