NortonLifeLock Inc. (NASDAQ:NLOK) Stock Position Raised by Bank of Montreal Can

Bank of Montreal Can grew its holdings in NortonLifeLock Inc. (NASDAQ:NLOK – Get Rating) by 19.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,838,713 shares of the company’s stock after purchasing an additional 295,849 shares during the period. Bank of Montreal Can owned approximately 0.32% of NortonLifeLock worth $48,175,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NLOK. Lyrical Asset Management LP purchased a new stake in shares of NortonLifeLock in the third quarter valued at $204,580,000. Boston Partners lifted its holdings in shares of NortonLifeLock by 26.8% in the fourth quarter. Boston Partners now owns 22,434,260 shares of the company’s stock valued at $583,041,000 after purchasing an additional 4,748,508 shares in the last quarter. Marathon Asset Mgmt Ltd purchased a new stake in shares of NortonLifeLock in the fourth quarter valued at $83,055,000. Schonfeld Strategic Advisors LLC lifted its holdings in shares of NortonLifeLock by 178.4% in the third quarter. Schonfeld Strategic Advisors LLC now owns 3,797,453 shares of the company’s stock valued at $96,075,000 after purchasing an additional 2,433,509 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of NortonLifeLock by 17.7% in the third quarter. Franklin Resources Inc. now owns 12,027,206 shares of the company’s stock valued at $304,287,000 after purchasing an additional 1,805,527 shares in the last quarter. Institutional investors own 94.59% of the company’s stock.

Several brokerages recently issued reports on NLOK. Robert W. Baird cut their price objective on NortonLifeLock from $31.00 to $28.00 in a report on Monday, May 9th. Morgan Stanley lowered NortonLifeLock from an “overweight” rating to an “equal weight” rating and set a $28.00 price objective for the company. in a report on Tuesday, March 29th. TheStreet upgraded NortonLifeLock from a “c+” rating to a “b-” rating in a report on Friday, February 18th. Finally, StockNews.com lowered NortonLifeLock from a “buy” rating to a “hold” rating in a report on Monday, May 9th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $28.20.

NortonLifeLock stock opened at $24.31 on Friday. The company has a market capitalization of $14.15 billion, a price-to-earnings ratio of 17.24 and a beta of 0.65. NortonLifeLock Inc. has a one year low of $23.47 and a one year high of $30.92. The company’s fifty day moving average price is $26.09 and its two-hundred day moving average price is $26.31.

NortonLifeLock (NASDAQ:NLOK – Get Rating) last posted its earnings results on Thursday, May 5th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. The firm had revenue of $716.00 million for the quarter, compared to the consensus estimate of $709.62 million. NortonLifeLock had a net margin of 29.90% and a negative return on equity of 444.77%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 earnings per share. Equities research analysts forecast that NortonLifeLock Inc. will post 1.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 22nd. Stockholders of record on Wednesday, June 8th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Tuesday, June 7th. NortonLifeLock’s dividend payout ratio is currently 35.46%.

About NortonLifeLock (Get Rating)

NortonLifeLock Inc provides cyber safety solutions for consumers worldwide. The company 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 LifeLock identity theft protection solution that offers monitoring, alerts, and restoration services to its customers.

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