Parametric Portfolio Associates LLC grew its stake in shares of Symantec Corporation (NASDAQ:SYMC) by 131.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,435,894 shares of the technology company’s stock after purchasing an additional 1,385,116 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.40% of Symantec Corporation worth $68,814,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. UBS Asset Management Americas Inc. increased its holdings in shares of Symantec Corporation by 10.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 2,229,361 shares of the technology company’s stock worth $68,397,000 after acquiring an additional 217,935 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Symantec Corporation by 10.6% during the 1st quarter. Ameriprise Financial Inc. now owns 679,837 shares of the technology company’s stock worth $20,856,000 after acquiring an additional 65,021 shares during the last quarter. Alambic Investment Management L.P. acquired a new position in shares of Symantec Corporation during the 1st quarter worth approximately $281,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Symantec Corporation by 4.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 19,099 shares of the technology company’s stock worth $586,000 after acquiring an additional 856 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Symantec Corporation by 2.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 266,137 shares of the technology company’s stock worth $8,163,000 after acquiring an additional 6,623 shares during the last quarter. 91.65% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research analysts recently weighed in on the company. Piper Jaffray Companies reissued a “buy” rating and set a $40.00 target price on shares of Symantec Corporation in a report on Tuesday, September 12th. Royal Bank Of Canada reissued a “hold” rating and set a $32.00 target price on shares of Symantec Corporation in a report on Monday, July 31st. Robert W. Baird reissued a “hold” rating on shares of Symantec Corporation in a report on Thursday, August 3rd. Evercore ISI set a $25.00 target price on Symantec Corporation and gave the stock a “hold” rating in a report on Thursday, August 3rd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $27.00 target price on shares of Symantec Corporation in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $31.54.

In other news, SVP Amy L. Cappellanti-Wolf sold 927 shares of Symantec Corporation stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $30.00, for a total value of $27,810.00. Following the completion of the transaction, the senior vice president now directly owns 112,907 shares in the company, valued at $3,387,210. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Suzanne M. Vautrinot sold 2,500 shares of Symantec Corporation 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. Over the last quarter, insiders sold 1,679,228 shares of company stock valued at $48,889,078. 1.30% of the stock is owned by company insiders.

Shares of Symantec Corporation (SYMC) opened at 33.02 on Monday. The company’s market capitalization is $20.23 billion. The stock’s 50 day moving average price is $30.14 and its 200-day moving average price is $30.21. Symantec Corporation has a 52-week low of $22.76 and a 52-week high of $34.20.

Symantec Corporation (NASDAQ:SYMC) last announced its quarterly 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 company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations 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 quarterly 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 earnings per share. On average, equities analysts expect that Symantec Corporation will post $1.81 earnings per share for the current year.

The business 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 0.91%. The ex-dividend date of this dividend was Thursday, August 17th. Symantec Corporation’s dividend payout ratio (DPR) is presently -49.18%.

Symantec Corporation 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.

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

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