Vanguard Group Inc. boosted its holdings in shares of Symantec Corporation (NASDAQ:SYMC) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,195,217 shares of the technology company’s stock after buying an additional 757,092 shares during the quarter. Vanguard Group Inc. owned 10.05% of Symantec Corporation worth $1,728,766,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Commerce Bank lifted its holdings in Symantec Corporation by 352.5% during the 2nd quarter. Commerce Bank now owns 43,888 shares of the technology company’s stock worth $1,240,000 after buying an additional 34,189 shares in the last quarter. Delta Lloyd Asset Management N.V. acquired a new stake in Symantec Corporation during the 2nd quarter worth approximately $1,830,000. Westpac Banking Corp lifted its holdings in Symantec Corporation by 69.2% during the 1st 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 in the last quarter. Kwmg LLC lifted its holdings in Symantec Corporation by 61.0% during the 1st 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 in the last quarter. Finally, Spirit of America Management Corp NY lifted its holdings in Symantec Corporation by 9.9% during the 2nd quarter. Spirit of America Management Corp NY now owns 26,200 shares of the technology company’s stock worth $740,000 after buying an additional 2,350 shares in the last quarter. Institutional investors own 91.65% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Vanguard Group Inc. Grows Holdings in Symantec Corporation (SYMC)” was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.dailypolitical.com/2017/09/23/vanguard-group-inc-grows-holdings-in-symantec-corporation-symc.html.

SYMC has been the topic of a number of research reports. Credit Suisse Group initiated coverage on shares of Symantec Corporation in a report on Tuesday, September 5th. They set an “outperform” rating and a $36.00 target price on the stock. Zacks Investment Research upgraded 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 report on Tuesday, July 11th. Morgan Stanley reiterated an “overweight” rating and set a $37.00 target price on shares of Symantec Corporation in a report on Thursday, July 13th. Stifel Nicolaus reiterated a “hold” rating and set a $27.00 target price on shares of Symantec Corporation in a report on Wednesday, July 19th. Finally, Barclays PLC upgraded shares of Symantec Corporation from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $34.00 to $38.00 in a report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Symantec Corporation currently has a consensus rating of “Hold” and an average price target of $31.54.

Symantec Corporation (NASDAQ:SYMC) opened at 33.02 on Friday. Symantec Corporation has a 12 month low of $22.76 and a 12 month high of $34.17. The firm’s 50-day moving average is $30.14 and its 200 day moving average is $30.21. The stock’s market capitalization is $20.23 billion.

Symantec Corporation (NASDAQ:SYMC) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. The firm’s revenue was up 38.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 earnings per share. On average, equities analysts anticipate that Symantec Corporation will post $1.81 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Monday, August 21st were issued a dividend of $0.075 per share. The ex-dividend date was Thursday, August 17th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.91%. Symantec Corporation’s dividend payout ratio (DPR) is -49.18%.

In other Symantec Corporation news, Director Suzanne M. Vautrinot sold 2,500 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $28.45, for a total transaction of $71,125.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael David Fey sold 1,348,831 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $28.84, for a total transaction of $38,900,286.04. Following the sale, the insider now directly owns 1,605,757 shares in the company, valued at $46,310,031.88. The disclosure for this sale can be found here. Insiders have sold 1,679,228 shares of company stock worth $48,889,078 over the last three months. 1.30% of the stock is 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.

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.