Nissay Asset Management Corp Japan ADV grew its stake in shares of NortonLifeLock Inc. (NASDAQ:NLOK) by 12.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 64,034 shares of the company’s stock after acquiring an additional 6,925 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in NortonLifeLock were worth $1,270,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in NLOK. AQR Capital Management LLC increased its position in NortonLifeLock by 1,630.1% during the first quarter. AQR Capital Management LLC now owns 13,086,722 shares of the company’s stock worth $244,853,000 after buying an additional 12,330,292 shares in the last quarter. Capital World Investors boosted its holdings in shares of NortonLifeLock by 11.6% during the first quarter. Capital World Investors now owns 72,985,464 shares of the company’s stock worth $1,365,558,000 after purchasing an additional 7,614,607 shares during the last quarter. Norges Bank acquired a new stake in shares of NortonLifeLock during the fourth quarter worth $154,895,000. BlackRock Inc. boosted its holdings in shares of NortonLifeLock by 8.1% during the first quarter. BlackRock Inc. now owns 45,170,494 shares of the company’s stock worth $845,139,000 after purchasing an additional 3,372,482 shares during the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of NortonLifeLock during the first quarter worth $49,571,000. 89.90% of the stock is owned by institutional investors.

In other NortonLifeLock news, Director Peter A. Feld sold 10,900,195 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $20.97, for a total transaction of $228,577,089.15. Following the transaction, the director now owns 40,008 shares in the company, valued at $838,967.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Samir Kapuria sold 45,162 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $20.61, for a total value of $930,788.82. Following the transaction, the president now owns 291,481 shares in the company, valued at approximately $6,007,423.41. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

Several equities research analysts have recently issued reports on NLOK shares. Citigroup raised their price objective on NortonLifeLock from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Oppenheimer restated a “hold” rating on shares of NortonLifeLock in a report on Friday, May 15th. Morgan Stanley raised their price objective on NortonLifeLock from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Zacks Investment Research upgraded NortonLifeLock from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Wednesday, July 15th. Finally, UBS Group lifted their target price on NortonLifeLock from $23.00 to $26.00 and gave the company a “buy” rating in a report on Friday, May 15th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $22.73.

Shares of NortonLifeLock stock opened at $21.45 on Friday. The business’s fifty day moving average price is $20.17 and its 200 day moving average price is $20.75. The stock has a market capitalization of $12.63 billion, a P/E ratio of 3.56, a PEG ratio of 3.98 and a beta of 0.89. NortonLifeLock Inc. has a twelve month low of $15.12 and a twelve month high of $28.70. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 353.80.

NortonLifeLock (NASDAQ:NLOK) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.07. The company had revenue of $610.00 million for the quarter, compared to analysts’ expectations of $602.21 million. NortonLifeLock had a return on equity of 11.63% and a net margin of 125.92%. During the same quarter in the previous year, the firm posted $0.16 earnings per share. As a group, sell-side analysts predict that NortonLifeLock Inc. will post 0.89 EPS for the current year.

About NortonLifeLock

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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