Geode Capital Management LLC increased its position in shares of Symantec Co. (NASDAQ:SYMC) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,821,186 shares of the technology company’s stock after acquiring an additional 206,884 shares during the period. Geode Capital Management LLC owned approximately 1.10% of Symantec worth $191,016,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in SYMC. Genesee Valley Trust Co. purchased a new position in Symantec in the 4th quarter worth about $209,000. Lenox Wealth Advisors Inc. purchased a new position in Symantec in the 4th quarter worth about $224,000. Jaffetilchin Investment Partners LLC purchased a new position in Symantec in the 3rd quarter worth about $225,000. Reilly Financial Advisors LLC increased its stake in Symantec by 223.5% in the 4th quarter. Reilly Financial Advisors LLC now owns 8,412 shares of the technology company’s stock worth $236,000 after purchasing an additional 5,812 shares in the last quarter. Finally, MUFG Americas Holdings Corp purchased a new position in Symantec in the 3rd quarter worth about $248,000. 95.37% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Francis C. Rosch sold 51,899 shares of Symantec stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $26.59, for a total transaction of $1,379,994.41. Following the completion of the sale, the executive vice president now directly owns 213,026 shares in the company, valued at approximately $5,664,361.34. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Suzanne M. Vautrinot sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $27.72, for a total value of $110,880.00. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
Shares of Symantec Co. (NASDAQ SYMC) traded up $0.03 during trading on Wednesday, hitting $27.37. The stock had a trading volume of 4,917,572 shares, compared to its average volume of 6,709,159. The firm has a market cap of $17,253.91, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 3.18 and a beta of 0.89. 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 Co. has a fifty-two week low of $24.94 and a fifty-two week high of $34.20.
Symantec (NASDAQ:SYMC) last announced its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.05. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.27 billion. Symantec had a return on equity of 14.26% and a net margin of 22.24%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 EPS. equities research analysts predict that Symantec Co. will post 0.99 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $0.30 annualized dividend and a dividend yield of 1.10%. Symantec’s dividend payout ratio is 19.48%.
SYMC has been the topic of a number of analyst reports. BidaskClub cut Symantec from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 13th. Credit Suisse Group cut Symantec from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $36.00 to $30.00 in a research note on Monday, January 22nd. Deutsche Bank initiated coverage on Symantec in a research note on Tuesday, December 19th. They issued a “hold” rating and a $30.00 price target on the stock. Zacks Investment Research raised Symantec from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, Barclays decreased their price objective on Symantec from $36.00 to $34.00 and set an “overweight” rating for the company in a research report on Thursday, February 1st. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $30.87.
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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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