NortonLifeLock (NASDAQ:NLOK) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of NortonLifeLock (NASDAQ:NLOK – Get Rating) in a research report issued on Saturday. The brokerage set a “buy” rating on the stock.

NortonLifeLock Price Performance

Shares of NortonLifeLock stock opened at $16.84 on Friday. The stock’s fifty day simple moving average is $17.02. NortonLifeLock has a 1-year low of $20.12 and a 1-year high of $30.92. The stock has a market cap of $9.62 billion, a PE ratio of 11.78 and a beta of 0.76.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. SYSTM Wealth Solutions LLC grew its holdings in NortonLifeLock by 5.8% during the 1st 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 last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of NortonLifeLock by 0.8% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 197,068 shares of the company’s stock worth $3,382,000 after acquiring an additional 1,579 shares in the last quarter. Tredje AP fonden lifted its holdings in shares of NortonLifeLock by 2.7% during the 1st 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 last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in NortonLifeLock by 23.4% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 31,086 shares of the company’s stock worth $594,000 after purchasing an additional 5,885 shares in the last quarter. 94.86% of the stock is currently owned by institutional investors.

About NortonLifeLock

(Get Rating)

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.