NortonLifeLock (NASDAQ:NLOK) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of NortonLifeLock (NASDAQ:NLOK) in a research report issued to clients and investors on Sunday. The brokerage set a “buy” rating on the stock.

NortonLifeLock Price Performance

Shares of NLOK stock opened at $20.66 on Friday. The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of 14.45 and a beta of 0.76. The business has a fifty day moving average of $18.10 and a 200 day moving average of $18.51. NortonLifeLock has a 1 year low of $20.12 and a 1 year high of $30.92.

Hedge Funds Weigh In On NortonLifeLock

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC raised its stake in NortonLifeLock by 0.8% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 197,068 shares of the company’s stock worth $3,382,000 after acquiring an additional 1,579 shares during the last quarter. SYSTM Wealth Solutions LLC raised its stake in shares of NortonLifeLock by 5.8% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 15,340 shares of the company’s stock valued at $263,000 after buying an additional 843 shares during the last quarter. Tredje AP fonden raised its stake in shares of NortonLifeLock by 2.7% during the 1st quarter. Tredje AP fonden now owns 124,307 shares of the company’s stock valued at $2,133,000 after buying an additional 3,273 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of NortonLifeLock by 23.4% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 31,086 shares of the company’s stock valued at $594,000 after buying an additional 5,885 shares during the last quarter. Hedge funds and other institutional investors own 94.86% of the company’s stock.

About NortonLifeLock

Gen Digital, 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.