5 Best Stocks to Buy Under $30 According to Bruce Kovner’s Caxton Associates

3. NortonLifeLock Inc. (NASDAQ:NLOK

Caxton Associates’ Stake Value: $1,428,000

Stock Price as of October 4: $25.04

Number of Hedge Fund Holders: 36

The third stock on our list of the best stocks to buy under $30 according to Bruce Kovner’s Caxton Associates is NortonLifeLock Inc. (NASDAQ:NLOK), which is an Arizona-based Fortune 500 software company providing cybersecurity software and services. NortonLifeLock Inc. (NASDAQ:NLOK) is also traded as a S&P 500 component. 

Kovner’s Caxton Associates owns 52,457 shares in NortonLifeLock Inc. (NASDAQ:NLOK), amounting to $1.42 million. At the end of the second quarter of 2021, 36 hedge funds tracked by Insider Monkey held stakes worth $1.34 billion, up from 32 in the previous quarter with stakes amounting to $1.02 billion. 

Out of the hedge funds tracked by Insider Monkey, Starboard Value LP is the largest stakeholder in NortonLifeLock Inc. (NASDAQ:NLOK), with 16.7 million shares amounting to $454.6 million.