Symantec Corp. (NASDAQ:SYMC) shares shot up 2.4% on Friday . The stock traded as high as $23.67 and last traded at $23.66, with a volume of 5,213,167 shares trading hands. The stock had previously closed at $23.11.

Several research firms recently weighed in on SYMC. Morgan Stanley reissued a “buy” rating on shares of Symantec Corp. in a research report on Saturday, May 14th. Citigroup Inc. reissued a “hold” rating and set a $17.50 price target on shares of Symantec Corp. in a research report on Saturday, May 14th. Evercore ISI reissued a “sell” rating on shares of Symantec Corp. in a research report on Saturday, May 14th. Jefferies Group reissued a “hold” rating on shares of Symantec Corp. in a research report on Saturday, May 14th. Finally, Pacific Crest restated a “hold” rating on shares of Symantec Corp. in a research note on Sunday, May 22nd. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $23.48.

The stock has a 50-day moving average price of $21.12 and a 200 day moving average price of $19.05. The company has a market capitalization of $14.61 billion and a price-to-earnings ratio of 6.191.

Symantec Corp. (NASDAQ:SYMC) last released its earnings results on Thursday, August 4th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The company earned $884 million during the quarter, compared to analyst estimates of $876.96 million. During the same period in the prior year, the firm posted $0.40 EPS. Symantec Corp.’s revenue was down 3.1% compared to the same quarter last year. Equities analysts predict that Symantec Corp. will post $1.12 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Monday, August 22nd will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Thursday, August 18th.

In related news, Director Suzanne M. Vautrinot sold 3,750 shares of Symantec Corp. stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $20.39, for a total transaction of $76,462.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mark S. Garfield sold 11,852 shares of Symantec Corp. stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $18.76, for a total value of $222,343.52. Following the transaction, the chief accounting officer now owns 68,489 shares of the company’s stock, valued at approximately $1,284,853.64. The disclosure for this sale can be found here.

A number of institutional investors have bought and sold shares of SYMC. American International Group Inc. boosted its position in Symantec Corp. by 25.2% in the fourth quarter. American International Group Inc. now owns 16,451,830 shares of the company’s stock worth $345,489,000 after buying an additional 3,315,714 shares during the last quarter. Morgan Stanley boosted its position in Symantec Corp. by 55.6% in the fourth quarter. Morgan Stanley now owns 1,380,648 shares of the company’s stock worth $28,993,000 after buying an additional 493,352 shares during the last quarter. Principal Financial Group Inc. boosted its position in Symantec Corp. by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 1,238,303 shares of the company’s stock worth $26,004,000 after buying an additional 7,497 shares during the last quarter. BlackRock Advisors LLC boosted its position in Symantec Corp. by 27.9% in the fourth quarter. BlackRock Advisors LLC now owns 734,592 shares of the company’s stock worth $15,427,000 after buying an additional 160,350 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Symantec Corp. by 33.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 456,529 shares of the company’s stock worth $9,587,000 after buying an additional 113,900 shares during the last quarter.

Symantec Corporation is a United States-based company, which offers security, backup and availability solutions. The Company’s segments include Consumer Security and Enterprise Security. Its Consumer Security segment focuses on customers to be productive and protected at home and at work. Its Norton-branded services provide multi-layer security and identity protection on desktop and mobile operating systems to defend against online threats to individuals, families and small businesses.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.