Genesee Valley Trust Co Lowers stake in Lifelock Inc (LOCK)

Lifelock Inc (LOCK) : Genesee Valley Trust Co reduced its stake in Lifelock Inc by 19.11% during the most recent quarter end. The investment management company now holds a total of 60,785 shares of Lifelock Inc which is valued at $998,090 after selling 14,363 shares in Lifelock Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Lifelock Inc makes up approximately 0.65% of Genesee Valley Trust Co’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc reduced its stake in LOCK by selling 356,254 shares or 81.9% in the most recent quarter. The Hedge Fund company now holds 78,718 shares of LOCK which is valued at $1,292,550. Eagle Asset Management Inc sold out all of its stake in LOCK during the most recent quarter. The investment firm sold 2,048,657 shares of LOCK which is valued $33,270,190.Fisher Asset Management boosted its stake in LOCK in the latest quarter, The investment management firm added 9,034 additional shares and now holds a total of 326,207 shares of Lifelock Inc which is valued at $5,255,195. Lifelock Inc makes up approx 0.01% of Fisher Asset Management’s portfolio. Bnp Paribas Arbitrage Sa added LOCK to its portfolio by purchasing 3,267 company shares during the most recent quarter which is valued at $51,945.

Lifelock Inc opened for trading at $16.67 and hit $16.825 on the upside on Friday, eventually ending the session at $16.73, with a gain of 0.18% or 0.03 points. The heightened volatility saw the trading volume jump to 17,99,080 shares. Company has a market cap of $1,574 M.

On the company’s financial health, Lifelock Inc reported $-0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $-0.07. The company had revenue of $159.27 million for the quarter, compared to analysts expectations of $157.21 million. The company’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.

Many Wall Street Analysts have commented on Lifelock Inc. Company shares were Reiterated by Needham on Jun 20, 2016 to “Buy”, Firm has raised the Price Target to $ 18 from a previous price target of $16 .Shares were Reiterated by Wunderlich on Apr 28, 2016 to “Buy” and Lowered the Price Target to $ 15 from a previous price target of $18 .

LifeLock Inc. is a provider of proactive identity theft protection services for consumers and identity risk assessment and fraud protection services for enterprises. It operates in two segments: consumer segment which offers offer identity theft protection services to consumers on a monthly or annual subscription basis and an enterprise segment which offers consumer risk management services to enterprise customers who pay it based on the monthly volume of transactions with the Company. As of December 31 2014 the Company served approximately 3.6 million paying members. As of December 31 2014 the Company served over 300 enterprise customers. The Company offers the LifeLock Wallet mobile application which allows consumers to replicate and store a digital copy of the personal wallet contents on smart device for records backup as well as mobile use of items such as credit identification ATM (automated teller machine) insurance and loyalty cards.

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