Bp Plc Has $2,259,000 Position in Symantec Corporation (SYMC)
Bp Plc maintained its stake in Symantec Corporation (NASDAQ:SYMC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,000 shares of the technology company’s stock at the end of the second quarter. Bp Plc’s holdings in Symantec Corporation were worth $2,259,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of SYMC. Westpac Banking Corp raised its stake in Symantec Corporation by 69.2% in the first quarter. Westpac Banking Corp now owns 60,637 shares of the technology company’s stock valued at $1,115,000 after buying an additional 24,805 shares during the last quarter. Telemus Capital LLC raised its stake in Symantec Corporation by 14.7% in the first quarter. Telemus Capital LLC now owns 32,375 shares of the technology company’s stock valued at $993,000 after buying an additional 4,155 shares during the last quarter. Kwmg LLC raised its stake in Symantec Corporation by 61.0% in the first quarter. Kwmg LLC now owns 56,378 shares of the technology company’s stock valued at $1,730,000 after buying an additional 21,367 shares during the last quarter. Spirit of America Management Corp NY raised its stake in Symantec Corporation by 9.9% in the second quarter. Spirit of America Management Corp NY now owns 26,200 shares of the technology company’s stock valued at $740,000 after buying an additional 2,350 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Symantec Corporation by 76.5% in the first quarter. BNP Paribas Arbitrage SA now owns 513,068 shares of the technology company’s stock valued at $15,741,000 after buying an additional 222,455 shares during the last quarter. 93.82% of the stock is currently owned by institutional investors.
Shares of Symantec Corporation (SYMC) opened at 27.84 on Friday. The firm has a 50-day moving average of $29.60 and a 200-day moving average of $29.78. Symantec Corporation has a 12-month low of $21.98 and a 12-month high of $33.22. The firm’s market cap is $17.06 billion.
Symantec Corporation (NASDAQ:SYMC) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The company’s revenue for the quarter was up 38.9% compared to the same quarter last year. On average, equities analysts forecast that Symantec Corporation will post $1.80 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Monday, August 21st will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Thursday, August 17th. Symantec Corporation’s dividend payout ratio (DPR) is presently -49.18%.
Several equities research analysts have recently issued reports on the stock. UBS AG lowered shares of Symantec Corporation from a “buy” rating to a “neutral” rating and increased their target price for the stock from $31.00 to $33.00 in a research note on Thursday, May 18th. Robert W. Baird reissued a “hold” rating on shares of Symantec Corporation in a research note on Saturday, June 10th. Evercore ISI set a $25.00 target price on shares of Symantec Corporation and gave the stock a “hold” rating in a research note on Saturday, June 10th. Zacks Investment Research raised shares of Symantec Corporation from a “strong sell” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Tuesday, July 11th. Finally, Barclays PLC reissued an “overweight” rating and set a $36.00 target price (down from $38.00) on shares of Symantec Corporation in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $31.00.
In other Symantec Corporation news, SVP Amy L. Cappellanti-Wolf sold 3,741 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $29.91, for a total value of $111,893.31. Following the sale, the senior vice president now owns 88,774 shares of the company’s stock, valued at $2,655,230.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anita M. Sands sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $30.16, for a total transaction of $60,320.00. Following the completion of the sale, the director now directly owns 45,486 shares in the company, valued at approximately $1,371,857.76. The disclosure for this sale can be found here. Insiders sold 1,537,774 shares of company stock worth $44,666,616 in the last ninety days. Insiders own 0.76% of the company’s stock.
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.
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