NortonLifeLock Inc. (NASDAQ:NLOK) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in shares of NortonLifeLock Inc. (NASDAQ:NLOKGet Rating) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 737,548 shares of the company’s stock after buying an additional 21,141 shares during the quarter. Principal Financial Group Inc.’s holdings in NortonLifeLock were worth $16,197,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NLOK. Elequin Capital LP acquired a new stake in NortonLifeLock during the first quarter valued at $38,000. Rosenberg Matthew Hamilton grew its position in NortonLifeLock by 82.5% during the second quarter. Rosenberg Matthew Hamilton now owns 2,373 shares of the company’s stock valued at $53,000 after buying an additional 1,073 shares during the period. Allworth Financial LP grew its position in NortonLifeLock by 35.1% during the second quarter. Allworth Financial LP now owns 2,627 shares of the company’s stock valued at $58,000 after buying an additional 683 shares during the period. Prospera Financial Services Inc acquired a new stake in NortonLifeLock during the first quarter valued at $60,000. Finally, Venture Visionary Partners LLC acquired a new stake in NortonLifeLock during the second quarter valued at $60,000. Institutional investors and hedge funds own 94.86% of the company’s stock.

NortonLifeLock Stock Up 0.3 %

Shares of NASDAQ NLOK opened at $23.11 on Thursday. The company’s 50-day simple moving average is $21.63 and its 200-day simple moving average is $22.91. NortonLifeLock Inc. has a 52-week low of $20.12 and a 52-week high of $30.92. The firm has a market cap of $13.20 billion, a price-to-earnings ratio of 16.16 and a beta of 0.76.

Analyst Upgrades and Downgrades

Several analysts recently commented on NLOK shares. Barclays dropped their price target on shares of NortonLifeLock to $28.00 in a research report on Tuesday, August 9th. StockNews.com started coverage on shares of NortonLifeLock in a research report on Thursday. They issued a “buy” rating on the stock. Finally, Morgan Stanley dropped their target price on shares of NortonLifeLock from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Monday, November 7th.

Insider Activity

In related news, President Ondrej Vlcek bought 456,475 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were acquired at an average price of $21.91 per share, for a total transaction of $10,001,367.25. Following the completion of the transaction, the president now directly owns 3,453,198 shares in the company, valued at $75,659,568.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.30% of the company’s stock.

About NortonLifeLock

(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.

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Institutional Ownership by Quarter for NortonLifeLock (NASDAQ:NLOK)

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