S&T Bank PA cut its stake in shares of LifeLock, Inc. (NYSE:LOCK) by 13.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,393,809 shares of the company’s stock after selling 207,898 shares during the period. LifeLock accounts for 5.3% of S&T Bank PA’s investment portfolio, making the stock its 2nd largest position. S&T Bank PA owned 1.48% of LifeLock worth $33,340,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in LifeLock during the fourth quarter worth $12,458,000. ARP Americas LLC acquired a new stake in LifeLock during the fourth quarter worth $9,092,000. FNY Partners Fund LP acquired a new stake in LifeLock during the fourth quarter worth $120,000. State Street Corp increased its stake in LifeLock by 3.1% in the fourth quarter. State Street Corp now owns 1,490,528 shares of the company’s stock worth $35,654,000 after buying an additional 44,472 shares during the period. Finally, Vivaldi Asset Management LLC acquired a new stake in LifeLock during the fourth quarter worth $23,953,000. Institutional investors own 88.82% of the company’s stock.
LifeLock, Inc. (NYSE:LOCK) remained flat at $23.99 during trading on Friday. LifeLock, Inc. has a one year low of $9.64 and a one year high of $24.02. The company has a 50-day moving average price of $23.94 and a 200-day moving average price of $19.78. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 125.60 and a beta of 1.34.
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A number of research firms recently weighed in on LOCK. Zacks Investment Research downgraded LifeLock from a “buy” rating to a “hold” rating in a research note on Wednesday, January 4th. Canaccord Genuity downgraded LifeLock from a “buy” rating to a “hold” rating and lifted their price target for the company from $23.00 to $24.00 in a research note on Tuesday, November 22nd. Deutsche Bank AG downgraded LifeLock from a “buy” rating to a “hold” rating and lifted their price target for the company from $22.00 to $24.00 in a research note on Monday, November 21st. Needham & Company LLC cut LifeLock from a “buy” rating to a “hold” rating in a report on Monday, November 21st. Finally, Dougherty & Co cut LifeLock from a “buy” rating to a “sell” rating and set a $24.00 price objective for the company. in a report on Monday, November 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. LifeLock presently has an average rating of “Hold” and a consensus price target of $21.00.
LifeLock, Inc provides proactive identity theft protection services for consumers and consumer risk management services for enterprises. The Company monitors certain identity-related events, such as new account openings and credit-related applications. It operates in two segments: consumer segment and an enterprise segment.
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