State of Alaska Department of Revenue Purchases 35,415 Shares of NortonLifeLock Inc. (NASDAQ:NLOK)

State of Alaska Department of Revenue raised its position in NortonLifeLock Inc. (NASDAQ:NLOKGet Rating) by 43.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 117,274 shares of the company’s stock after acquiring an additional 35,415 shares during the quarter. State of Alaska Department of Revenue’s holdings in NortonLifeLock were worth $2,575,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Wealthfront Advisers LLC lifted its holdings in NortonLifeLock by 0.3% in the first quarter. Wealthfront Advisers LLC now owns 140,080 shares of the company’s stock valued at $3,715,000 after acquiring an additional 428 shares during the period. Allworth Financial LP lifted its holdings in NortonLifeLock by 28.8% in the first quarter. Allworth Financial LP now owns 1,944 shares of the company’s stock valued at $52,000 after acquiring an additional 435 shares during the period. Sentry Investment Management LLC lifted its holdings in NortonLifeLock by 10.4% in the first quarter. Sentry Investment Management LLC now owns 4,662 shares of the company’s stock valued at $124,000 after acquiring an additional 438 shares during the period. Eqis Capital Management Inc. lifted its holdings in NortonLifeLock by 2.8% in the first quarter. Eqis Capital Management Inc. now owns 16,826 shares of the company’s stock valued at $446,000 after acquiring an additional 459 shares during the period. Finally, M&T Bank Corp lifted its holdings in NortonLifeLock by 2.6% in the first quarter. M&T Bank Corp now owns 19,460 shares of the company’s stock valued at $516,000 after acquiring an additional 502 shares during the period. Institutional investors own 94.86% of the company’s stock.

Insider Transactions at NortonLifeLock

In related news, President Ondrej Vlcek bought 456,475 shares of the stock in a transaction dated Thursday, September 15th. The shares were purchased at an average price of $21.91 per share, with a total value of $10,001,367.25. Following the completion of the acquisition, the president now owns 3,453,198 shares of the company’s stock, valued at $75,659,568.18. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 3.30% of the company’s stock.

NortonLifeLock Price Performance

Shares of NASDAQ:NLOK opened at $21.27 on Friday. NortonLifeLock Inc. has a 1-year low of $20.76 and a 1-year high of $30.92. The company has a market capitalization of $12.15 billion, a P/E ratio of 14.87 and a beta of 0.71. The firm’s 50 day simple moving average is $23.49 and its two-hundred day simple moving average is $24.47.

NortonLifeLock (NASDAQ:NLOKGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. NortonLifeLock had a net margin of 30.35% and a negative return on equity of 565.66%. The business had revenue of $708.00 million for the quarter, compared to the consensus estimate of $711.32 million. On average, sell-side analysts anticipate that NortonLifeLock Inc. will post 1.69 earnings per share for the current fiscal year.

NortonLifeLock Dividend Announcement

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

Analyst Upgrades and Downgrades

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

NortonLifeLock Company 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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