Harel Insurance Investments & Financial Services Ltd. Reduces Liability in NortonLifeLock Inc. (NASDAQ:NLOK)


Harel Insurance Investments & Financial Services Ltd.NASDAQ: NLOKGet Votesand 48.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 3,394 shares of the company’s stock after selling 3,202 shares during the quarter. Harel Insurance Investments & Financial Services Ltd. in NortonLifeLock were worth $90,000 at the end of the most recent reporting period.

Some large businesses have also changed the way they operate. BlackRock Inc. grew its position in shares of NortonLifeLock by 2.8% during the 4th quarter. BlackRock Inc. now owns 46,285,465 shares of the company’s stock valued at $1,202,497,000 after acquiring an additional 1,248,493 shares during the last quarter. State Street Corp boosted its position in shares of NortonLifeLock by 3.8% during the fourth quarter. State Street Corp now owns 25,944,974 shares of the company’s stock valued at $674,050,000 after acquiring an additional 953,733 shares in the last quarter. Boston Partners lifted its position in shares of NortonLifeLock by 26.8% in the 4th quarter. Boston Partners now owns 22,434,260 shares of the company’s stock valued at $583,041,000 after acquiring an additional 4,748,508 shares in the last quarter. Alliancebernstein LP boosted its position in shares of NortonLifeLock by 2.7% during the fourth quarter. Alliancebernstein LP now owns 17,913,984 shares of the company’s stock valued at $465,405,000 after acquiring an additional 464,436 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of NortonLifeLock by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 11,390,347 shares of the company’s stock valued at $295,347,000 after acquiring an additional 241,058 shares in the last quarter. Hedge funds and other businesses own 94.59% of the company.

NortonLifeLock Price Performance

The price of NASDAQ NLOK opened at $25.43 on Monday. The stock has a market capitalization of $14.75 billion, a P/E ratio of 18.04 and a beta of 0.68. The company’s 50-day moving average is $23.45 and its 200-day moving average is $25.73. NortonLifeLock Inc. it has a 12-month low of $21.55 and a 12-month high of $30.92.

NortonLifeLock (NASDAQ: NLOKGet Votes) last issued its quarterly earnings results on Thursday, May 5. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $716.00 million for the quarter, compared to the consensus estimate of $709.62 million. NortonLifeLock had a margin of 29.90% and a negative return of 444.77%. Business revenue in the sector was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $0.38 per share. As a group, analysts expect that NortonLifeLock Inc. will post 1.68 EPS for this year.

NortonLifeLock Announces Dividend

The company also announced its third quarterly earnings, which were issued on Wednesday, June 22nd. Shareholders of record on Wednesday, June 8th were paid a dividend of $0.125 per share. The last day of the session was Tuesday, June 7th. The company paid $0.50 per share during the last period and the annual yield was 1.97 %. The company NortonLifeLock Limited gave a total of 35.46 %.

Insiders Place Their Bets

In other NortonLifeLock news, Director Peter A. Feld bought 500,000 shares of the business’s stock in a transaction on Wednesday, June 15th. The stock was bought at an average price of $22.03 per share, for a total sale of $11,015,000.00. Following the purchase, the director now owns 2,024,896 shares of the company’s stock, valued at $44,608,458.88. The transaction was disclosed in a document issued by the SEC, which can be accessed through This hyperlink. In other news, Director Peter A. Feld bought 1,400,000 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The shares were bought at an average price of $22.38 per share, for a total sale of $31,332,000.00. After completing the purchase, the director now owns 9,181,938 shares of the company’s stock, valued at $205,491,772.44. The acquisition was disclosed in a filing with the SEC, which is available via This hyperlink. Also, Director Peter A. Feld purchased 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 15th. The shares were bought at an average price of $22.03 per share, for a total sale of $11,015,000.00. Following the completion of the purchase, the director now owns 2,024,896 shares of the company’s stock, valued at approximately $44,608,458.88. Disclosure of this purchase can be found Here. Insiders own 3.20% of the company’s stock.

Researchers Set New Price Targets

Several analysts have recently weighed in. Robert W. Baird lowered their target price on shares of NortonLifeLock from $31.00 to $28.00 in a research report on Monday, May 9th. StockNews.com raised shares of NortonLifeLock from a “hold” rating to a “buy” rating in a research report on Tuesday, July 19th. Morgan Stanley cut shares of NortonLifeLock from an “overweight” rating to an “equal weight” rating and set a $28.00 price target on the stock. in a research report on Tuesday, March 29th. Finally, TheStreet cut shares of NortonLifeLock from a “b-” rating to a “c+” rating in a research report on Tuesday, July 5th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a “Hold” rating and a consensus price target of $27.25.

Profile of NortonLifeLock Company

(Get Votes)

NortonLifeLock Inc provides cyber security solutions to consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, Asia Pacific, and Japan. Offers Norton 360, an integrated platform that provides comprehensive online security and a subscription service that provides protection for PCs, Macs, and mobile devices from malware, viruses, adware, ransomware, and other online threats across multiple platforms; and Norton is a LifeLock identity protection solution that provides monitoring, information, and recovery services to its customers.

See also

Want to see other hedge funds holding NLOK? Go to HoldingsChannel.com to access the latest 13F filings and internal sales of NortonLifeLock Inc.NASDAQ: NLOKGet Votes).



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