Van Cleef Asset Managementinc buys $4,883,530 stake in Lifelock Inc (LOCK)

Lifelock Inc (LOCK) : Van Cleef Asset Managementinc scooped up 3,775 additional shares in Lifelock Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 377,398 shares of Lifelock Inc which is valued at $4,883,530.Lifelock Inc makes up approximately 1.71% of Van Cleef Asset Managementinc’s portfolio.

Lifelock Inc opened for trading at $12.62 and hit $12.95 on the upside on Friday, eventually ending the session at $12.94, with a gain of 2.37% or 0.3 points. The heightened volatility saw the trading volume jump to 4,38,607 shares. Company has a market cap of $1,188 M.

Other Hedge Funds, Including , Fisher Asset Management reduced its stake in LOCK by selling 18,825 shares or 5.6% in the most recent quarter. The Hedge Fund company now holds 317,173 shares of LOCK which is valued at $4,104,219. Lifelock Inc makes up approx 0.01% of Fisher Asset Management’s portfolio.Skylands Capital reduced its stake in LOCK by selling 36,600 shares or 6.95% in the most recent quarter. The Hedge Fund company now holds 490,300 shares of LOCK which is valued at $6,128,750. Lifelock Inc makes up approx 0.97% of Skylands Capital’s portfolio. Acadian Asset Management sold out all of its stake in LOCK during the most recent quarter. The investment firm sold 6,187 shares of LOCK which is valued $77,338.Capital Impact Advisors boosted its stake in LOCK in the latest quarter, The investment management firm added 38,161 additional shares and now holds a total of 81,161 shares of Lifelock Inc which is valued at $1,014,513. Lifelock Inc makes up approx 0.48% of Capital Impact Advisors’s portfolio.Eagle Asset Management Inc reduced its stake in LOCK by selling 10,678 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 2,048,657 shares of LOCK which is valued at $24,686,317. Lifelock Inc makes up approx 0.17% of Eagle Asset Management Inc’s portfolio.

On the company’s financial health, Lifelock Inc reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 10, 2016. Analyst had a consensus of $0.29. The company had revenue of $156.20 million for the quarter, compared to analysts expectations of $154.71 million. The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on Lifelock Inc. Shares were Reiterated by Needham on Feb 11, 2016 to “Buy” and Lowered the Price Target to $ 16 from a previous price target of $17 .Shares were Reiterated by Canaccord Genuity on Feb 11, 2016 to “Buy” and Lowered the Price Target to $ 15 from a previous price target of $17 .Company shares were Reiterated by RBC Capital Mkts on Jan 21, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 15 from a previous price target of $13 .

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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