Coastline Trust Co raised its position in shares of Symantec Corporation (NASDAQ:SYMC) by 109.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,104 shares of the technology company’s stock after acquiring an additional 11,540 shares during the period. Coastline Trust Co’s holdings in Symantec were worth $725,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of SYMC. Capital Research Global Investors increased its position in Symantec by 1,784.9% during the second quarter. Capital Research Global Investors now owns 14,305,855 shares of the technology company’s stock valued at $404,140,000 after acquiring an additional 13,546,895 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Symantec by 10,624.9% during the second quarter. Janus Henderson Group PLC now owns 9,578,167 shares of the technology company’s stock valued at $270,583,000 after purchasing an additional 9,488,859 shares during the period. Kensico Capital Management Corp purchased a new stake in shares of Symantec during the third quarter valued at $225,241,000. CI Global Investments Inc. purchased a new stake in shares of Symantec during the second quarter valued at $186,563,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Symantec by 405.7% during the second quarter. Renaissance Technologies LLC now owns 4,857,838 shares of the technology company’s stock valued at $137,234,000 after purchasing an additional 3,897,200 shares during the period. Institutional investors and hedge funds own 95.02% of the company’s stock.
In other news, Director Anita M. Sands sold 2,000 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $33.51, for a total transaction of $67,020.00. Following the transaction, the director now owns 37,386 shares in the company, valued at $1,252,804.86. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Suzanne M. Vautrinot sold 2,500 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $32.81, for a total transaction of $82,025.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 447,225 shares of company stock valued at $13,081,030. Insiders own 1.30% of the company’s stock.
Shares of Symantec Corporation (NASDAQ SYMC) opened at $28.75 on Friday. The company has a market cap of $17,820.00, a PE ratio of 45.90, a price-to-earnings-growth ratio of 2.92 and a beta of 1.07. Symantec Corporation has a 1 year low of $23.77 and a 1 year high of $34.20. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.72.
Symantec (NASDAQ:SYMC) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.14. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. Symantec had a negative net margin of 5.29% and a positive return on equity of 12.33%. The company’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 earnings per share. equities research analysts predict that Symantec Corporation will post 1.05 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Monday, November 20th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Friday, November 17th. Symantec’s payout ratio is -51.72%.
A number of brokerages have recently issued reports on SYMC. BidaskClub raised shares of Symantec from a “sell” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley lowered shares of Symantec from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $37.00 to $34.00 in a research note on Tuesday, October 10th. Zacks Investment Research lowered shares of Symantec from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Piper Jaffray Companies reissued a “buy” rating and set a $40.00 target price on shares of Symantec in a research note on Tuesday, September 12th. Finally, Standpoint Research lowered shares of Symantec from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $32.39.
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Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection, cyber security services and Website security. Under threat protection, it offers Advanced Threat Protection, Endpoint Protection, Endpoint Protection Cloud, IT Management Suite, Email Security.Cloud, Data Center Security and Cloud Workload Protection products.
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