S&t Bankpa Lowers stake in Lifelock Inc (LOCK)

Lifelock Inc (LOCK) : S&t Bankpa reduced its stake in Lifelock Inc by 12.56% during the most recent quarter end. The investment management company now holds a total of 1,893,283 shares of Lifelock Inc which is valued at $32,299,408 after selling 271,922 shares in Lifelock Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Lifelock Inc makes up approximately 5.06% of S&t Bankpa’s portfolio.

Other Hedge Funds, Including , New York State Common Retirement Fund reduced its stake in LOCK by selling 4,800 shares or 2.18% in the most recent quarter. The Hedge Fund company now holds 215,037 shares of LOCK which is valued at $3,668,531. Lifelock Inc makes up approx 0.01% of New York State Common Retirement Fund’s portfolio. Thompson Davis sold out all of its stake in LOCK during the most recent quarter. The investment firm sold 250 shares of LOCK which is valued $4,190.Quantitative Investment Management boosted its stake in LOCK in the latest quarter, The investment management firm added 65,200 additional shares and now holds a total of 93,400 shares of Lifelock Inc which is valued at $1,482,258. Lifelock Inc makes up approx 0.07% of Quantitative Investment Management’s portfolio. Quantbot Technologies Lp sold out all of its stake in LOCK during the most recent quarter. The investment firm sold 2,063 shares of LOCK which is valued $32,740.

Lifelock Inc closed down -0.11 points or -0.65% at $16.73 with 4,45,122 shares getting traded on Friday. Post opening the session at $16.75, the shares hit an intraday low of $16.62 and an intraday high of $16.83 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Lifelock Inc reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.04. The company had revenue of $164.44 million for the quarter, compared to analysts expectations of $163.25 million. The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on Lifelock Inc. Goldman Initiated Lifelock Inc on Aug 15, 2016 to “Neutral”, Price Target of the shares are set at $18.Company shares were Reiterated by Wunderlich on Aug 3, 2016 to “Buy”, Firm has raised the Price Target to $ 20 from a previous price target of $15 .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 .

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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