Strs Ohio cut its position in shares of Symantec Corporation (NASDAQ:SYMC) by 32.1% during the second quarter, Holdings Channel reports. The firm owned 45,815 shares of the technology company’s stock after selling 21,702 shares during the period. Strs Ohio’s holdings in Symantec Corporation were worth $1,294,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SYMC. Gulf International Bank UK Ltd raised its stake in shares of Symantec Corporation by 5.2% in the first quarter. Gulf International Bank UK Ltd now owns 192,984 shares of the technology company’s stock worth $5,920,000 after buying an additional 9,600 shares during the period. Spirit of America Management Corp NY raised its stake in shares of Symantec Corporation by 13.0% in the first quarter. Spirit of America Management Corp NY now owns 23,850 shares of the technology company’s stock worth $732,000 after buying an additional 2,750 shares during the period. Hartwell J M Limited Partnership raised its stake in shares of Symantec Corporation by 9.1% in the first quarter. Hartwell J M Limited Partnership now owns 532,700 shares of the technology company’s stock worth $16,343,000 after buying an additional 44,650 shares during the period. Reliance Trust Co. of Delaware acquired a new stake in shares of Symantec Corporation during the first quarter worth $349,000. Finally, Telemus Capital LLC raised 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 period. Institutional investors and hedge funds own 93.82% of the company’s stock.

Shares of Symantec Corporation (SYMC) opened at 28.29 on Friday. The company has a 50 day moving average price of $29.58 and a 200 day moving average price of $29.80. Symantec Corporation has a one year low of $22.64 and a one year high of $33.22. The company’s market cap is $17.34 billion.

Symantec Corporation (NASDAQ:SYMC) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. The business 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%. Symantec Corporation’s revenue was up 38.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. Equities research analysts expect that Symantec Corporation will post $1.80 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders 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 1.06%. The ex-dividend date is Thursday, August 17th. Symantec Corporation’s payout ratio is currently -49.18%.

COPYRIGHT VIOLATION WARNING: “Strs Ohio Sells 21,702 Shares of Symantec Corporation (NASDAQ:SYMC)” was posted by Daily Political and is the property of of Daily Political. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/08/13/strs-ohio-sells-21702-shares-of-symantec-corporation-nasdaqsymc.html.

A number of equities research analysts have weighed in on SYMC shares. Zacks Investment Research upgraded Symantec Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. OTR Global upgraded Symantec Corporation to a “positive” rating in a research note on Friday, April 21st. First Analysis upgraded Symantec Corporation from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $28.00 to $40.00 in a research note on Thursday, May 11th. Robert W. Baird restated a “hold” rating on shares of Symantec Corporation in a research note on Thursday, May 11th. Finally, Stifel Nicolaus restated a “hold” rating and set a $29.00 price objective (up previously from $28.00) on shares of Symantec Corporation in a research note on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $31.00.

In other Symantec Corporation news, CFO Nicholas R. Noviello sold 27,741 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $32.45, for a total transaction of $900,195.45. Following the transaction, the chief financial officer now owns 184,928 shares of the company’s stock, valued at approximately $6,000,913.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Suzanne M. Vautrinot sold 2,500 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was 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 1,537,774 shares of company stock worth $44,666,616 over the last three months. 0.76% of the stock is owned by company insiders.

Symantec Corporation Company Profile

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.

Want to see what other hedge funds are holding SYMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Symantec Corporation (NASDAQ:SYMC).

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.