Fifth Third Bancorp grew its stake in shares of NortonLifeLock Inc. (NASDAQ:NLOK – Get Rating) by 28.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,293 shares of the company’s stock after purchasing an additional 1,831 shares during the period. Fifth Third Bancorp’s holdings in NortonLifeLock were worth $167,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of NLOK. First Trust Advisors LP lifted its holdings in shares of NortonLifeLock by 1,047.3% during the first quarter. First Trust Advisors LP now owns 8,181,798 shares of the company’s stock valued at $216,981,000 after purchasing an additional 7,468,669 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of NortonLifeLock by 893.2% during the second quarter. Millennium Management LLC now owns 4,316,294 shares of the company’s stock valued at $94,786,000 after purchasing an additional 3,881,693 shares during the last quarter. Starboard Value LP lifted its holdings in shares of NortonLifeLock by 15.0% during the second quarter. Starboard Value LP now owns 19,204,454 shares of the company’s stock valued at $421,730,000 after purchasing an additional 2,500,000 shares during the last quarter. Vanguard Group Inc. raised its position in NortonLifeLock by 2.1% during the first quarter. Vanguard Group Inc. now owns 65,314,797 shares of the company’s stock valued at $1,732,147,000 after buying an additional 1,344,188 shares during the period. Finally, UBS Asset Management Americas Inc. raised its position in NortonLifeLock by 38.0% during the second quarter. UBS Asset Management Americas Inc. now owns 3,835,816 shares of the company’s stock valued at $84,235,000 after buying an additional 1,056,570 shares during the period. 94.86% of the stock is owned by hedge funds and other institutional investors.
NortonLifeLock Trading Up 1.8 %
NASDAQ:NLOK opened at $21.99 on Friday. NortonLifeLock Inc. has a 1-year low of $20.12 and a 1-year high of $30.92. The business’s fifty day moving average price is $22.28 and its 200 day moving average price is $22.53. The firm has a market capitalization of $12.56 billion, a price-to-earnings ratio of 15.38 and a beta of 0.76.
Analyst Upgrades and Downgrades
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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