AT Bancorp Acquires New Position in Symantec Corp. (SYMC)
AT Bancorp bought a new position in shares of Symantec Corp. (NASDAQ:SYMC) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 50,834 shares of the company’s stock, valued at approximately $1,275,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SYMC. Minneapolis Portfolio Management Group LLC purchased a new position in Symantec Corp. during the second quarter worth approximately $24,234,000. Penserra Capital Management LLC increased its position in Symantec Corp. by 9.8% in the second quarter. Penserra Capital Management LLC now owns 1,694,061 shares of the company’s stock worth $34,796,000 after buying an additional 150,582 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Symantec Corp. by 769.1% in the third quarter. BNP Paribas Arbitrage SA now owns 1,310,970 shares of the company’s stock worth $32,905,000 after buying an additional 1,160,122 shares in the last quarter. Americafirst Capital Management LLC purchased a new position in Symantec Corp. during the second quarter worth approximately $109,000. Finally, Old Mutual Global Investors UK Ltd. purchased a new position in Symantec Corp. during the second quarter worth approximately $4,568,000. Hedge funds and other institutional investors own 93.38% of the company’s stock.
Symantec Corp. (NASDAQ:SYMC) traded down 0.33% during midday trading on Tuesday, hitting $24.32. Symantec Corp. has a 52-week low of $16.14 and a 52-week high of $25.72. The stock has a 50-day moving average price of $24.62 and a 200-day moving average price of $22.22. The firm has a market capitalization of $15.16 billion, a price-to-earnings ratio of 7.03 and a beta of 1.23.
Symantec Corp. (NASDAQ:SYMC) last posted its earnings results on Thursday, November 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.10. Symantec Corp. had a return on equity of 11.62% and a net margin of 60.52%. The firm had revenue of $979 million for the quarter, compared to analyst estimates of $978.86 million. During the same quarter in the prior year, the company earned $0.44 EPS. Symantec Corp.’s revenue was up 8.1% on a year-over-year basis. On average, analysts expect that Symantec Corp. will post $1.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Monday, November 21st will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, November 17th. Symantec Corp.’s payout ratio is 8.85%.
A number of research analysts have recently commented on SYMC shares. Wells Fargo & Co. reiterated a “hold” rating on shares of Symantec Corp. in a research report on Sunday, September 25th. Barclays PLC raised their price target on Symantec Corp. from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, September 19th. MKM Partners raised their price target on Symantec Corp. from $21.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 2nd. BTIG Research restated a “buy” rating and issued a $28.00 price target on shares of Symantec Corp. in a research report on Thursday, August 25th. Finally, FBN Securities started coverage on Symantec Corp. in a research report on Thursday, October 13th. They issued an “outperform” rating and a $29.00 price target for the company. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $25.44.
In other Symantec Corp. news, EVP Francis C. Rosch sold 3,336 shares of the company’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $24.88, for a total transaction of $82,999.68. Following the sale, the executive vice president now owns 299,895 shares in the company, valued at approximately $7,461,387.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Amy L. Cappellanti-Wolf sold 15,474 shares of the company’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $24.88, for a total value of $384,993.12. Following the sale, the senior vice president now owns 112,103 shares in the company, valued at approximately $2,789,122.64. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.
Symantec Corp. Company Profile
Symantec Corporation is a United States-based cybersecurity company. The Company operates its business on a global civilian cyber intelligence threat network and tracks a range of threats across the Internet from various mobile devices, endpoints and servers across the globe. The Company’s segments include Consumer Security and Enterprise Security.
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