National Pension Service raised its stake in Symantec Corporation (NASDAQ:SYMC) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 666,543 shares of the technology company’s stock after acquiring an additional 16,672 shares during the period. National Pension Service owned 0.11% of Symantec worth $18,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can raised its holdings in Symantec by 35.5% during the fourth quarter. Bank of Montreal Can now owns 428,723 shares of the technology company’s stock worth $12,030,000 after purchasing an additional 112,236 shares in the last quarter. Clean Yield Group increased its stake in shares of Symantec by 10.3% during the 4th quarter. Clean Yield Group now owns 162,450 shares of the technology company’s stock worth $4,558,000 after purchasing an additional 15,130 shares in the last quarter. New England Research & Management Inc. increased its stake in shares of Symantec by 83.8% during the 4th quarter. New England Research & Management Inc. now owns 28,850 shares of the technology company’s stock worth $810,000 after purchasing an additional 13,150 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Symantec by 0.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,410,450 shares of the technology company’s stock worth $79,087,000 after purchasing an additional 9,642 shares in the last quarter. Finally, Coastline Trust Co boosted its position in Symantec by 109.2% during the third quarter. Coastline Trust Co now owns 22,104 shares of the technology company’s stock worth $725,000 after acquiring an additional 11,540 shares during the last quarter. Institutional investors own 94.40% of the company’s stock.
In related news, EVP Francis C. Rosch sold 57,103 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $27.42, for a total transaction of $1,565,764.26. Following the completion of the sale, the executive vice president now owns 325,026 shares in the company, valued at approximately $8,912,212.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.
Symantec Corporation (NASDAQ:SYMC) traded up $0.19 during trading hours on Monday, reaching $26.10. 9,020,000 shares of the company traded hands, compared to its average volume of 7,590,000. The firm has a market cap of $16,180.00, a PE ratio of 17.76, a P/E/G ratio of 2.97 and a beta of 0.89. Symantec Corporation has a 1 year low of $24.94 and a 1 year high of $34.20. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.13.
Symantec (NASDAQ:SYMC) last released its earnings results on Wednesday, January 31st. The technology company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.05. Symantec had a net margin of 22.24% and a return on equity of 14.26%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the company earned $0.32 EPS. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. research analysts forecast that Symantec Corporation will post 0.99 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Tuesday, February 20th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Friday, February 16th. Symantec’s dividend payout ratio (DPR) is currently 20.41%.
Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Symantec from a “hold” rating to a “strong sell” rating in a report on Saturday, January 20th. BidaskClub lowered shares of Symantec from a “sell” rating to a “strong sell” rating in a report on Saturday, January 13th. Evercore ISI reissued a “hold” rating and set a $25.00 target price on shares of Symantec in a research note on Friday, January 26th. Credit Suisse Group lowered shares of Symantec from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $36.00 to $30.00 in a research note on Monday, January 22nd. Finally, Barclays reaffirmed a “buy” rating and issued a $36.00 price target on shares of Symantec in a research note on Thursday, November 2nd. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $30.92.
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Symantec Company Profile
Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection and cyber security services. 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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