Symantec Corporation (SYMC) Shares Bought by KCG Holdings Inc.
KCG Holdings Inc. increased its position in shares of Symantec Corporation (NASDAQ:SYMC) by 115.9% during the third quarter, Holdings Channel reports. The fund owned 92,046 shares of the company’s stock after buying an additional 49,409 shares during the period. KCG Holdings Inc.’s holdings in Symantec Corporation were worth $2,310,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Profund Advisors LLC increased its stake in Symantec Corporation by 21.0% in the third quarter. Profund Advisors LLC now owns 48,638 shares of the company’s stock worth $1,221,000 after buying an additional 8,439 shares during the last quarter. Brandes Investment Partners LP acquired a new position in shares of Symantec Corporation during the third quarter worth about $254,000. BOKF NA raised its position in shares of Symantec Corporation by 285.2% in the third quarter. BOKF NA now owns 87,816 shares of the company’s stock worth $2,204,000 after buying an additional 65,020 shares during the period. Morgan Stanley raised its position in shares of Symantec Corporation by 81.8% in the third quarter. Morgan Stanley now owns 2,797,708 shares of the company’s stock worth $70,223,000 after buying an additional 1,258,973 shares during the period. Finally, Adirondack Research & Management Inc. acquired a new position in shares of Symantec Corporation during the third quarter worth about $437,000. Institutional investors own 93.21% of the company’s stock.
Symantec Corporation (NASDAQ:SYMC) traded up 1.576% during trading on Friday, reaching $26.105. 3,748,520 shares of the company’s stock were exchanged. The stock has a market cap of $16.27 billion, a PE ratio of 7.545 and a beta of 1.18. The firm has a 50 day moving average of $24.38 and a 200-day moving average of $23.49. Symantec Corporation has a 12 month low of $16.14 and a 12 month high of $26.18.
Symantec Corporation (NASDAQ:SYMC) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.10. The firm earned $979 million during the quarter, compared to analyst estimates of $978.86 million. Symantec Corporation had a return on equity of 11.62% and a net margin of 60.52%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share. On average, equities research analysts anticipate that Symantec Corporation will post $1.16 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 14th. Investors of record on Monday, November 21st were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, November 17th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.17%. Symantec Corporation’s dividend payout ratio is presently 8.85%.
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A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Symantec Corporation from a “sell” rating to a “hold” rating and set a $27.00 price objective for the company in a report on Tuesday, January 3rd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $28.00 price objective on shares of Symantec Corporation in a report on Friday, December 16th. Jefferies Group reiterated a “hold” rating on shares of Symantec Corporation in a report on Wednesday, December 7th. JMP Securities reiterated a “buy” rating on shares of Symantec Corporation in a report on Tuesday, November 22nd. Finally, Bank of America set a $18.00 price objective on shares of Symantec Corporation and gave the company a “sell” rating in a report on Sunday, November 6th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. Symantec Corporation has a consensus rating of “Hold” and an average target price of $25.66.
In related news, Director Suzanne M. Vautrinot sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, January 6th. The stock was sold at an average price of $25.00, for a total transaction of $62,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Francis C. Rosch sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $24.73, for a total value of $989,200.00. Following the transaction, the executive vice president now owns 221,446 shares of the company’s stock, valued at approximately $5,476,359.58. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.
Symantec Corporation 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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