Mcmillion Capital Management Inc. acquired a new position in Symantec Corporation (NASDAQ:SYMC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 84,770 shares of the technology company’s stock, valued at approximately $2,379,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Thrivent Financial For Lutherans raised its stake in Symantec by 2.8% during the 2nd quarter. Thrivent Financial For Lutherans now owns 23,749 shares of the technology company’s stock valued at $671,000 after buying an additional 645 shares during the last quarter. Advisor Group Inc. raised its stake in Symantec by 121.9% during the 2nd quarter. Advisor Group Inc. now owns 11,981 shares of the technology company’s stock valued at $338,000 after buying an additional 6,582 shares during the last quarter. AHL Partners LLP raised its stake in Symantec by 200.9% during the 2nd quarter. AHL Partners LLP now owns 51,586 shares of the technology company’s stock valued at $1,458,000 after buying an additional 34,442 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in Symantec by 155.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 40,339 shares of the technology company’s stock valued at $1,140,000 after buying an additional 24,577 shares during the last quarter. Finally, Caxton Associates LP raised its stake in Symantec by 31.8% during the 2nd quarter. Caxton Associates LP now owns 17,000 shares of the technology company’s stock valued at $480,000 after buying an additional 4,100 shares during the last quarter. Institutional investors own 94.93% of the company’s stock.

Symantec Corporation (SYMC) opened at $26.58 on Thursday. Symantec Corporation has a 1-year low of $25.65 and a 1-year high of $34.20. The company has a market cap of $16,831.27, a PE ratio of 34.28, a price-to-earnings-growth ratio of 3.10 and a beta of 0.90. The company has a current ratio of 1.15, a quick ratio of 1.12 and a debt-to-equity ratio of 1.13.

Symantec (NASDAQ:SYMC) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.44 by $0.05. Symantec had a net margin of 22.24% and a return on equity of 14.26%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the firm earned $0.32 EPS. The business’s revenue was up 13.4% on a year-over-year basis. equities research analysts forecast that Symantec Corporation will post 0.99 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Friday, February 16th. Symantec’s dividend payout ratio (DPR) is presently 19.48%.

A number of equities research analysts have weighed in on SYMC shares. Zacks Investment Research lowered shares of Symantec from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 20th. BidaskClub lowered shares of Symantec from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 13th. Evercore ISI reiterated a “hold” rating and set a $25.00 target price on shares of Symantec in a research note on Friday, January 26th. Credit Suisse Group lowered shares of Symantec from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $36.00 to $30.00 in a research note on Monday, January 22nd. Finally, Barclays restated a “buy” rating and issued a $36.00 price objective on shares of Symantec in a research note on Thursday, November 2nd. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $30.92.

In other news, EVP Francis C. Rosch sold 57,103 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $27.42, for a total transaction of $1,565,764.26. Following the sale, the executive vice president now directly owns 325,026 shares in the company, valued at approximately $8,912,212.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by corporate insiders.

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Symantec Profile

Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection and cyber security services. 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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Institutional Ownership by Quarter for Symantec (NASDAQ:SYMC)

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