Standard Life Aberdeen plc Acquires 17,708 Shares of Symantec Co. (SYMC)
Standard Life Aberdeen plc lifted its position in shares of Symantec Co. (NASDAQ:SYMC) by 7.6% in the 4th quarter, HoldingsChannel reports. The fund owned 251,716 shares of the technology company’s stock after buying an additional 17,708 shares during the quarter. Standard Life Aberdeen plc’s holdings in Symantec were worth $7,064,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Lourd Capital LLC bought a new stake in shares of Symantec during the fourth quarter valued at approximately $325,000. Comerica Bank increased its position in shares of Symantec by 3.4% during the third quarter. Comerica Bank now owns 153,203 shares of the technology company’s stock valued at $4,965,000 after acquiring an additional 5,105 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Symantec by 47.2% during the third quarter. BNP Paribas Arbitrage SA now owns 423,593 shares of the technology company’s stock valued at $13,898,000 after acquiring an additional 135,857 shares in the last quarter. WINTON GROUP Ltd increased its position in shares of Symantec by 58.6% during the third quarter. WINTON GROUP Ltd now owns 634,662 shares of the technology company’s stock valued at $20,823,000 after acquiring an additional 234,374 shares in the last quarter. Finally, Toronto Dominion Bank increased its position in shares of Symantec by 12.8% during the third quarter. Toronto Dominion Bank now owns 281,689 shares of the technology company’s stock valued at $9,245,000 after acquiring an additional 31,936 shares in the last quarter. 91.54% of the stock is owned by institutional investors.
In other news, EVP Francis C. Rosch sold 57,103 shares of the business’s stock in a transaction on 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 completion of the sale, the executive vice president now owns 325,026 shares of the company’s stock, valued at approximately $8,912,212.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.
Symantec (NASDAQ:SYMC) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the firm posted $0.32 EPS. The firm’s revenue was up 13.4% on a year-over-year basis. equities analysts expect that Symantec Co. will post 0.99 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, February 16th. Symantec’s payout ratio is 19.48%.
SYMC has been the subject of several analyst reports. Oppenheimer reissued a “buy” rating and set a $31.00 price target on shares of Symantec in a research report on Thursday, February 1st. Morgan Stanley reduced their price target on shares of Symantec from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, February 1st. Deutsche Bank initiated coverage on shares of Symantec in a research report on Tuesday, December 19th. They set a “hold” rating and a $30.00 price target for the company. BidaskClub raised shares of Symantec from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $27.00 price target on shares of Symantec in a research report on Friday, November 3rd. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $30.87.
Symantec Company 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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