On Thursday, the stock analysts at StockNews.com informed investors that they would be covering NortonLifeLock going forward by sending out a message announcing the news (NASDAQ: NLOK). The company’s recommendation to “buy” was made regarding the stock.
Morgan Stanley lowered their price objective for Norton LifeLock from $26.00 to $25.00 and assigned the company an “equal weight” rating on the shares in a separate research note published on Monday, November 7th.
When the market opened on Thursday, the price of a single share of Norton LifeLock stock was $22.59. The company’s market capitalization is currently sitting at $12.91 billion, its price-to-earnings ratio stands at 15.80, and its beta value sits at 0.76. The stock price has a moving average of $22.30 for the past 50 days and a price of $22.53 for the past 200 days, respectively. Norton LifeLock can range anywhere from $20.12 to $30.92 for an entire year’s subscription, depending on how much protection you need.
Several institutional investors have adjusted their holdings of NLOK due to recent events that have caused them to do so. During the third quarter of this fiscal year, approximately $41,000 was invested by Householder Group Estate & Retirement Specialist LLC to acquire a new interest in NortonLifeLock. During the second quarter of the fiscal year, CoreCap Advisors LLC invested more than $49,000 to acquire a new position in Norton LifeLock. Rosenberg Matthew Hamilton increased its shareholding in Norton LifeLock by an impressive 82.5 percent during the year’s second quarter. Rosenberg Matthew Hamilton now has a total of 2,373 shares of the company, which are valued at $53,000. This is because he made an additional purchase of 1,073 shares of the company during the most recent quarter. Allworth Financial LP grew its holdings in Norton LifeLock by 35.1% during the second quarter and added those additional shares to its portfolio of investments. Allworth Financial LP now has a total of 2,627 shares worth a combined total of $58,000 after purchasing an additional 683 shares during the most recent quarter of the company’s stock.
Last but not least, during the period covered by this report, Venture Visionary Partners LLC added to its holdings of NortonLifeLock stock. As of right now, the total value of those holdings is approximately $60,000, so this was a significant addition. The vast majority of the company’s stock is owned by large financial institutions, which account for 94.86% of the total.
Customers in the United States of America, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific region, and Japan can purchase cyber security products from Norton LifeLock Inc. Norton 360, an integrated platform that offers comprehensive cyber-safety coverage and a subscription service that guards against malware, viruses, adware, ransomware, and other online threats on a variety of platforms, is made available to users of this product. In addition, users are given access to identity theft protection services from Norton and LifeLock. These services include monitoring, alerts, and restoration options for victims of identity theft.