River Road Asset Management LLC decreased its holdings in shares of NortonLifeLock Inc. (NASDAQ:NLOK) by 12.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 573,701 shares of the company’s stock after selling 79,547 shares during the quarter. River Road Asset Management LLC owned about 0.10% of NortonLifeLock worth $15,616,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Parkside Financial Bank & Trust increased its stake in NortonLifeLock by 8,614.3% during the first quarter. Parkside Financial Bank & Trust now owns 1,830 shares of the company’s stock worth $39,000 after acquiring an additional 1,809 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in NortonLifeLock by 1,648.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,151 shares of the company’s stock worth $46,000 after acquiring an additional 2,028 shares during the last quarter. CSat Investment Advisory L.P. increased its stake in NortonLifeLock by 18.8% during the first quarter. CSat Investment Advisory L.P. now owns 3,059 shares of the company’s stock worth $65,000 after acquiring an additional 483 shares during the last quarter. Fifth Third Bancorp increased its stake in NortonLifeLock by 29.6% during the second quarter. Fifth Third Bancorp now owns 3,040 shares of the company’s stock worth $83,000 after acquiring an additional 694 shares during the last quarter. Finally, Islay Capital Management LLC acquired a new stake in NortonLifeLock during the second quarter worth $147,000. 91.20% of the stock is owned by institutional investors.
Several equities research analysts have issued reports on NLOK shares. HSBC cut NortonLifeLock from a “buy” rating to a “hold” rating in a research note on Wednesday, August 11th. Mizuho reaffirmed a “buy” rating and issued a $27.00 price objective on shares of NortonLifeLock in a research note on Wednesday, July 28th. Finally, Barclays lifted their price objective on NortonLifeLock from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, July 15th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $27.17.
NortonLifeLock (NASDAQ:NLOK) last released its earnings results on Tuesday, July 27th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. The firm had revenue of $691.00 million during the quarter, compared to analyst estimates of $685.45 million. NortonLifeLock had a negative return on equity of 177.25% and a net margin of 23.52%. NortonLifeLock’s revenue was up 12.5% compared to the same quarter last year. During the same period last year, the business posted $0.31 earnings per share. As a group, analysts expect that NortonLifeLock Inc. will post 1.72 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 15th. Investors of record on Monday, August 23rd will be issued a $0.125 dividend. The ex-dividend date is Friday, August 20th. This represents a $0.50 dividend on an annualized basis and a yield of 1.91%. NortonLifeLock’s dividend payout ratio (DPR) is presently 37.59%.
NortonLifeLock, 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.
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