5 Growth Stocks For 2022

3. NortonLifeLock Inc. (NASDAQ:NLOK)

Number of Hedge Fund Holders: 34

Stock Price as of Feb. 16: $28.90

NortonLifeLock Inc. (NASDAQ:NLOK) is s cyber safety company that is perhaps best known for its antivirus product, the Norton antivirus. The company’s products protect its customers’ devices such as smartphones and personal computers from malicious code designed to harm.

34 of the 867 hedge funds part of Insider Monkey’s Q3 2021 survey also own the company’s shares.

Barclays raised the company’s price target to $32 from $31 in July 2021.

Jeffrey Smith’s Starboard Value LP is NortonLifeLock Inc. (NASDAQ:NLOK)’s largest investor. It owns a stake of $422 million through 16.7 million shares.