Anita M. Sands Sells 2,000 Shares of Symantec Corporation (SYMC) Stock
Symantec Corporation (NASDAQ:SYMC) Director Anita M. Sands sold 2,000 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $33.51, for a total value of $67,020.00. Following the sale, the director now directly owns 37,386 shares of the company’s stock, valued at approximately $1,252,804.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Symantec Corporation (SYMC) opened at 33.72 on Thursday. The stock’s market cap is $20.66 billion. The company has a 50-day moving average price of $30.14 and a 200-day moving average price of $30.21. Symantec Corporation has a one year low of $22.76 and a one year high of $34.20.
Symantec Corporation (NASDAQ:SYMC) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The company 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 firm’s revenue was up 38.9% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. On average, analysts anticipate that Symantec Corporation will post $1.81 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 21st were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Thursday, August 17th. Symantec Corporation’s dividend payout ratio is currently -49.18%.
A number of equities research analysts have issued reports on SYMC shares. Susquehanna Bancshares Inc started coverage on Symantec Corporation in a research report on Wednesday, June 7th. They set a “neutral” rating and a $32.00 price target for the company. Evercore ISI set a $25.00 price target on Symantec Corporation and gave the company a “hold” rating in a research report on Thursday, August 3rd. Robert W. Baird reissued a “hold” rating on shares of Symantec Corporation in a research report on Thursday, August 3rd. Credit Suisse Group started coverage on Symantec Corporation in a research report on Tuesday, September 5th. They set an “outperform” rating and a $36.00 price target for the company. Finally, Barclays PLC reissued an “overweight” rating and set a $36.00 price target (down previously from $38.00) on shares of Symantec Corporation in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $31.54.
Several large investors have recently modified their holdings of the company. WINTON GROUP Ltd grew its position in shares of Symantec Corporation by 884.0% in the second quarter. WINTON GROUP Ltd now owns 400,288 shares of the technology company’s stock valued at $11,308,000 after purchasing an additional 359,607 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Symantec Corporation in the second quarter valued at about $795,000. Martin & Co. Inc. TN grew its position in shares of Symantec Corporation by 0.8% in the second quarter. Martin & Co. Inc. TN now owns 207,285 shares of the technology company’s stock valued at $5,856,000 after purchasing an additional 1,575 shares during the last quarter. Scotia Capital Inc. grew its position in shares of Symantec Corporation by 5.5% in the second quarter. Scotia Capital Inc. now owns 26,613 shares of the technology company’s stock valued at $752,000 after purchasing an additional 1,385 shares during the last quarter. Finally, Nomura Holdings Inc. grew its position in shares of Symantec Corporation by 103.9% in the second quarter. Nomura Holdings Inc. now owns 46,974 shares of the technology company’s stock valued at $1,326,000 after purchasing an additional 1,259,070 shares during the last quarter. 91.65% of the stock is currently owned by institutional investors.
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.
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