LMR Partners LLP purchased a new stake in shares of Symantec Corp. (NASDAQ:SYMC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,046 shares of the company’s stock, valued at approximately $370,000.
Several other institutional investors have also recently modified their holdings of SYMC. Hancock Holding Co. bought a new position in Symantec Corp. during the first quarter valued at $891,000. Mariner Wealth Advisors LLC acquired a new stake in Symantec Corp. during the first quarter worth approximately $206,000. Simmons Bank acquired a new stake in Symantec Corp. during the first quarter worth approximately $505,000. International Value Advisers LLC raised its stake in Symantec Corp. by 78.6% in the first quarter. International Value Advisers LLC now owns 3,545,254 shares of the company’s stock worth $65,162,000 after buying an additional 1,560,481 shares in the last quarter. Finally, Farley Capital II L.P. raised its stake in Symantec Corp. by 800.5% in the first quarter. Farley Capital II L.P. now owns 86,088 shares of the company’s stock worth $1,582,000 after buying an additional 76,528 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.
Shares of Symantec Corp. (NASDAQ:SYMC) traded down 2.65% during trading on Thursday, reaching $24.28. The company’s stock had a trading volume of 11,805,900 shares. The stock has a 50-day moving average of $24.77 and a 200-day moving average of $20.59. The stock has a market cap of $14.95 billion, a P/E ratio of 6.33 and a beta of 1.10. Symantec Corp. has a 52-week low of $16.14 and a 52-week high of $25.72.
Symantec Corp. (NASDAQ:SYMC) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.25 by $0.04. The firm earned $884 million during the quarter, compared to the consensus estimate of $876.96 million. Symantec Corp. had a return on equity of 13.56% and a net margin of 60.18%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 earnings per share. Analysts predict that Symantec Corp. will post $1.12 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 14th. Stockholders of record on Monday, August 22nd were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Thursday, August 18th. Symantec Corp.’s dividend payout ratio (DPR) is presently 7.79%.
SYMC has been the topic of a number of research analyst reports. Citigroup Inc. raised Symantec Corp. from a “neutral” rating to a “buy” rating and raised their price target for the stock from $7.50 to $26.50 in a research report on Friday, August 19th. Royal Bank Of Canada raised their price target on Symantec Corp. from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, August 5th. Guggenheim initiated coverage on Symantec Corp. in a research report on Wednesday, September 14th. They set a “buy” rating and a $30.00 price target on the stock. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Symantec Corp. in a research report on Sunday, September 25th. Finally, Zacks Investment Research lowered Symantec Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $24.87.
In other news, SVP Amy L. Cappellanti-Wolf sold 15,474 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $24.88, for a total value of $384,993.12. Following the completion of the transaction, the senior vice president now directly owns 112,103 shares of the company’s stock, valued at $2,789,122.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Francis C. Rosch sold 3,336 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $24.88, for a total value of $82,999.68. Following the completion of the transaction, the executive vice president now directly owns 299,895 shares of the company’s stock, valued at $7,461,387.60. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.
Symantec Corp. Company Profile
Symantec Corporation provides security and information management solutions. The Company operates its business on a global civilian cyber intelligence threat network and tracks various threats across the Internet from mobile devices, endpoints, and servers across the world. It is developing solutions for cloud, threat protection, information protection and cyber security services.
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