CAPROCK Group Inc. purchased a new position in Symantec Corporation (NASDAQ:SYMC) during the second quarter, according to its most recent filing with the SEC. The fund purchased 9,031 shares of the technology company’s stock, valued at approximately $255,000.

Other large investors have also recently made changes to their positions in the company. Westpac Banking Corp increased its stake in shares of Symantec Corporation by 69.2% in the first quarter. Westpac Banking Corp now owns 60,637 shares of the technology company’s stock worth $1,115,000 after buying an additional 24,805 shares during the last quarter. Telemus Capital LLC increased its stake in shares of Symantec Corporation by 14.7% in the first quarter. Telemus Capital LLC now owns 32,375 shares of the technology company’s stock worth $993,000 after buying an additional 4,155 shares during the last quarter. Kwmg LLC increased its stake in shares of Symantec Corporation by 61.0% in the first quarter. Kwmg LLC now owns 56,378 shares of the technology company’s stock worth $1,730,000 after buying an additional 21,367 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Symantec Corporation by 76.5% in the first quarter. BNP Paribas Arbitrage SA now owns 513,068 shares of the technology company’s stock worth $15,741,000 after buying an additional 222,455 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake in shares of Symantec Corporation by 1.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 20,120 shares of the technology company’s stock worth $617,000 after buying an additional 290 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Symantec Corporation (NASDAQ:SYMC) opened at 29.17 on Monday. Symantec Corporation has a one year low of $20.47 and a one year high of $33.22. The stock has a 50 day moving average of $29.53 and a 200 day moving average of $29.72. The company’s market cap is $17.76 billion.

Symantec Corporation (NASDAQ:SYMC) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Symantec Corporation had a positive return on equity of 10.73% and a negative net margin of 8.68%. The company’s revenue for the quarter was up 38.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. On average, analysts anticipate that Symantec Corporation will post $1.80 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Monday, August 21st will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.03%. The ex-dividend date is Thursday, August 17th. Symantec Corporation’s dividend payout ratio (DPR) is presently -49.18%.

TRADEMARK VIOLATION NOTICE: This story was reported by Daily Political and is the sole property of of Daily Political. If you are reading this story on another site, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The original version of this story can be read at https://www.dailypolitical.com/2017/08/07/caprock-group-inc-purchases-new-position-in-symantec-corporation-nasdaqsymc.html.

Several research analysts recently weighed in on the stock. OTR Global upgraded shares of Symantec Corporation to a “positive” rating in a research report on Friday, April 21st. Standpoint Research upgraded shares of Symantec Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Barclays PLC upgraded shares of Symantec Corporation from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $34.00 to $38.00 in a research report on Tuesday, May 30th. Zacks Investment Research cut shares of Symantec Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 16th. Finally, Morgan Stanley restated an “overweight” rating and issued a $37.00 price objective on shares of Symantec Corporation in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $31.00.

In other Symantec Corporation news, CAO Mark S. Garfield sold 18,069 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $29.39, for a total value of $531,047.91. Following the transaction, the chief accounting officer now owns 92,754 shares of the company’s stock, valued at approximately $2,726,040.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Suzanne M. Vautrinot sold 2,500 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $28.45, for a total value of $71,125.00. The disclosure for this sale can be found here. Insiders sold a total of 188,943 shares of company stock worth $5,766,330 in the last ninety days. 0.76% of the stock is currently owned by corporate insiders.

About Symantec Corporation

Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection, cyber security services and Website security. Under threat protection, it offers Advanced Threat Protection, Endpoint Protection, Endpoint Protection Cloud, IT Management Suite, Email Security.Cloud, Data Center Security and Cloud Workload Protection products.

Institutional Ownership by Quarter for Symantec Corporation (NASDAQ:SYMC)

Receive News & Ratings for Symantec Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Symantec Corporation and related companies with MarketBeat.com's FREE daily email newsletter.