Clearbridge Investments LLC Has $50.77 Million Stock Holdings in NortonLifeLock Inc. (NASDAQ:NLOK)

Clearbridge Investments LLC cut its position in shares of NortonLifeLock Inc. (NASDAQ:NLOK) by 4.4% during the 2nd quarter, Holdings Channel reports. The firm owned 1,865,256 shares of the company’s stock after selling 86,292 shares during the quarter. Clearbridge Investments LLC’s holdings in NortonLifeLock were worth $50,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in NLOK. Boston Partners acquired a new position in shares of NortonLifeLock during the 2nd quarter worth about $329,752,000. Alliancebernstein L.P. increased its stake in shares of NortonLifeLock by 184.6% during the 2nd quarter. Alliancebernstein L.P. now owns 14,529,556 shares of the company’s stock worth $395,495,000 after purchasing an additional 9,424,969 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of NortonLifeLock by 74.6% during the 1st quarter. Franklin Resources Inc. now owns 10,152,601 shares of the company’s stock worth $215,844,000 after purchasing an additional 4,338,812 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of NortonLifeLock by 27.5% during the 1st quarter. Janus Henderson Group PLC now owns 9,721,341 shares of the company’s stock worth $206,690,000 after purchasing an additional 2,099,665 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of NortonLifeLock during the 2nd quarter worth about $42,225,000. Institutional investors own 91.20% of the company’s stock.

NASDAQ NLOK opened at $25.08 on Thursday. The company has a market capitalization of $14.58 billion, a P/E ratio of 23.89 and a beta of 0.72. NortonLifeLock Inc. has a 12-month low of $17.98 and a 12-month high of $28.92. The firm has a 50-day moving average price of $25.91 and a two-hundred day moving average price of $25.39.

NortonLifeLock (NASDAQ:NLOK) last posted its quarterly earnings data 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 the consensus estimate of $685.45 million. NortonLifeLock had a net margin of 23.52% and a negative return on equity of 177.25%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 EPS. As a group, research analysts forecast that NortonLifeLock Inc. will post 1.72 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Monday, August 23rd were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Friday, August 20th. NortonLifeLock’s dividend payout ratio is currently 37.59%.

NLOK has been the topic of a number of research reports. Barclays upped their price target on shares of NortonLifeLock from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, July 15th. Mizuho reiterated a “buy” rating and issued a $27.00 price target on shares of NortonLifeLock in a research note on Wednesday, July 28th. Finally, HSBC lowered shares of NortonLifeLock from a “buy” rating to a “hold” rating in a research note on Wednesday, August 11th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $28.20.

NortonLifeLock Company Profile

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.

Featured Story: What sectors are represented in the Nikkei Index?

Want to see what other hedge funds are holding NLOK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NortonLifeLock Inc. (NASDAQ:NLOK).

Institutional Ownership by Quarter for NortonLifeLock (NASDAQ:NLOK)

Receive News & Ratings for NortonLifeLock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NortonLifeLock and related companies with MarketBeat.com's FREE daily email newsletter.