Xcel Wealth Management LLC Purchases New Position in NortonLifeLock Inc. (NASDAQ:NLOK)

Xcel Wealth Management LLC purchased a new stake in shares of NortonLifeLock Inc. (NASDAQ:NLOK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,200 shares of the company’s stock, valued at approximately $358,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vident Investment Advisory LLC increased its position in shares of NortonLifeLock by 64.1% during the second quarter. Vident Investment Advisory LLC now owns 79,303 shares of the company’s stock valued at $1,573,000 after acquiring an additional 30,989 shares in the last quarter. Profund Advisors LLC increased its position in shares of NortonLifeLock by 12.2% during the second quarter. Profund Advisors LLC now owns 11,583 shares of the company’s stock valued at $230,000 after acquiring an additional 1,258 shares in the last quarter. IBM Retirement Fund increased its position in shares of NortonLifeLock by 37.2% during the third quarter. IBM Retirement Fund now owns 17,877 shares of the company’s stock valued at $373,000 after acquiring an additional 4,843 shares in the last quarter. Man Group plc increased its position in shares of NortonLifeLock by 1,561.9% during the second quarter. Man Group plc now owns 630,662 shares of the company’s stock valued at $12,506,000 after acquiring an additional 592,713 shares in the last quarter. Finally, Sentry Investment Management LLC increased its position in shares of NortonLifeLock by 365.7% during the second quarter. Sentry Investment Management LLC now owns 36,458 shares of the company’s stock valued at $723,000 after acquiring an additional 28,629 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Shares of NLOK stock traded down $0.09 during mid-day trading on Friday, reaching $20.52. 206,930 shares of the company’s stock traded hands, compared to its average volume of 7,335,499. NortonLifeLock Inc. has a 12 month low of $15.12 and a 12 month high of $28.70. The firm has a 50 day moving average price of $20.99 and a two-hundred day moving average price of $21.08. The company has a debt-to-equity ratio of 346.50, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market capitalization of $12.18 billion, a PE ratio of 3.34, a price-to-earnings-growth ratio of 2.99 and a beta of 0.92.

NortonLifeLock (NASDAQ:NLOK) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. NortonLifeLock had a net margin of 162.14% and a return on equity of 14.92%. The firm had revenue of $614.00 million during the quarter, compared to the consensus estimate of $600.05 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, equities analysts expect that NortonLifeLock Inc. will post 1.15 earnings per share for the current fiscal year.

In related news, CAO Matthew Charles Brown sold 31,598 shares of NortonLifeLock stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $22.63, for a total transaction of $715,062.74. Following the transaction, the chief accounting officer now owns 83,077 shares in the company, valued at approximately $1,880,032.51. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.25% of the stock is currently owned by insiders.

Several equities research analysts recently weighed in on the stock. Robert W. Baird reissued a “buy” rating on shares of NortonLifeLock in a research report on Friday, August 28th. TheStreet downgraded shares of NortonLifeLock from a “b-” rating to a “c” rating in a research report on Monday, August 10th. Mizuho lifted their target price on shares of NortonLifeLock from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. They noted that the move was a valuation call. BidaskClub raised shares of NortonLifeLock from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Zacks Investment Research downgraded shares of NortonLifeLock from a “strong-buy” rating to a “hold” rating and set a $22.00 target price for the company. in a research report on Monday, October 12th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. NortonLifeLock has a consensus rating of “Hold” and a consensus price target of $24.00.

NortonLifeLock Company Profile

NortonLifeLock Inc provides cyber security products, services, and solutions worldwide. The company offers Norton security solutions as a subscription service providing protection for devices against malware, viruses, adware, and ransomware on various platforms; and LifeLock identity theft protection solution that provides identity monitoring, alerts, and restoration to its customers.

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Institutional Ownership by Quarter for NortonLifeLock (NASDAQ:NLOK)

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