PGGM Investments increased its position in Symantec Corp. (NASDAQ:SYMC) by 5.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 474,420 shares of the company’s stock after buying an additional 23,048 shares during the period. PGGM Investments’ holdings in Symantec Corp. were worth $9,745,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC raised its stake in Symantec Corp. by 59,280.6% in the first quarter. Acadian Asset Management LLC now owns 116,386 shares of the company’s stock worth $2,140,000 after buying an additional 116,190 shares during the period. Commonwealth Equity Services Inc raised its stake in Symantec Corp. by 10.2% in the first quarter. Commonwealth Equity Services Inc now owns 77,189 shares of the company’s stock worth $1,419,000 after buying an additional 7,121 shares during the period. Mn Services Vermogensbeheer B.V. bought a new stake in Symantec Corp. during the first quarter worth about $273,000. TIAA CREF Investment Management LLC raised its stake in Symantec Corp. by 28.8% in the first quarter. TIAA CREF Investment Management LLC now owns 5,825,288 shares of the company’s stock worth $107,069,000 after buying an additional 1,301,880 shares during the period. Finally, Teachers Advisors Inc. raised its stake in Symantec Corp. by 13.9% in the first quarter. Teachers Advisors Inc. now owns 4,627,097 shares of the company’s stock worth $85,046,000 after buying an additional 565,907 shares during the period. 94.93% of the stock is owned by institutional investors and hedge funds.
Shares of Symantec Corp. (NASDAQ:SYMC) traded up 0.36% during mid-day trading on Friday, hitting $25.10. The stock had a trading volume of 10,888,079 shares. The company has a market capitalization of $15.45 billion, a P/E ratio of 6.55 and a beta of 1.07. Symantec Corp. has a 1-year low of $16.14 and a 1-year high of $25.37. The stock’s 50-day moving average price is $24.32 and its 200 day moving average price is $20.22.
Symantec Corp. (NASDAQ:SYMC) last posted its earnings results on Thursday, August 4th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. The business had revenue of $884 million for the quarter, compared to analyst estimates of $876.96 million. Symantec Corp. had a return on equity of 13.56% and a net margin of 60.18%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 EPS. On average, analysts predict that Symantec Corp. will post $1.12 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Investors of record on Monday, August 22nd were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Thursday, August 18th. Symantec Corp.’s payout ratio is presently 7.79%.
A number of research firms recently commented on SYMC. Barclays PLC increased their price objective on Symantec Corp. from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Monday, September 19th. Wells Fargo & Co. restated a “hold” rating on shares of Symantec Corp. in a report on Sunday, September 25th. Wunderlich upgraded Symantec Corp. from a “hold” rating to a “buy” rating and increased their price objective for the stock from $23.00 to $30.00 in a report on Tuesday, September 13th. Guggenheim began coverage on Symantec Corp. in a report on Wednesday, September 14th. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, BTIG Research restated a “buy” rating and issued a $28.00 price objective on shares of Symantec Corp. in a report on Thursday, August 25th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $24.53.
In other Symantec Corp. news, SVP Amy L. Cappellanti-Wolf sold 15,474 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 112,103 shares of the company’s stock, valued at approximately $2,789,122.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Francis C. Rosch sold 3,336 shares of the company’s stock in a transaction 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 in the company, valued at $7,461,387.60. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.
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.
Want to see what other hedge funds are holding SYMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Symantec Corp. (NASDAQ:SYMC).
Receive News & Ratings for Symantec Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Symantec Corp. and related companies with MarketBeat.com's FREE daily email newsletter.