Van Cleef Asset Managementinc buys $6,441,276 stake in Lifelock Inc (LOCK)

Lifelock Inc (LOCK) : Van Cleef Asset Managementinc scooped up 168 additional shares in Lifelock Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 377,566 shares of Lifelock Inc which is valued at $6,441,276.Lifelock Inc makes up approximately 2.13% of Van Cleef Asset Managementinc’s portfolio.

Other Hedge Funds, Including , Wellington Management Group Llp reduced its stake in LOCK by selling 334,714 shares or 25.67% in the most recent quarter. The Hedge Fund company now holds 969,334 shares of LOCK which is valued at $16,536,838.S Squared Technology boosted its stake in LOCK in the latest quarter, The investment management firm added 35,000 additional shares and now holds a total of 315,100 shares of Lifelock Inc which is valued at $5,375,606. Lifelock Inc makes up approx 5.37% of S Squared Technology’s portfolio. Cipher Capital Lp added LOCK to its portfolio by purchasing 52,469 company shares during the most recent quarter which is valued at $895,121. Lifelock Inc makes up approx 0.06% of Cipher Capital Lp’s portfolio. Hap Trading added LOCK to its portfolio by purchasing 40,513 company shares during the most recent quarter which is valued at $675,757. Lifelock Inc makes up approx 0.06% of Hap Trading’s portfolio.

Lifelock Inc opened for trading at $16.61 and hit $16.94 on the upside on Thursday, eventually ending the session at $16.88, with a gain of 1.44% or 0.24 points. The heightened volatility saw the trading volume jump to 8,89,084 shares. Company has a market cap of $1,563 M.

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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