Symantec Co. (SYMC) Shares Sold by Janus Henderson Group PLC
Janus Henderson Group PLC lowered its position in Symantec Co. (NASDAQ:SYMC) by 47.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,674,874 shares of the technology company’s stock after selling 2,446,367 shares during the period. Janus Henderson Group PLC’s holdings in Symantec were worth $55,235,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Dupont Capital Management Corp grew its holdings in Symantec by 117.9% during the 1st quarter. Dupont Capital Management Corp now owns 5,265 shares of the technology company’s stock worth $136,000 after acquiring an additional 2,849 shares during the period. SG Americas Securities LLC boosted its stake in Symantec by 7.1% in the 1st quarter. SG Americas Securities LLC now owns 117,806 shares of the technology company’s stock worth $3,045,000 after purchasing an additional 7,807 shares during the period. Zeke Capital Advisors LLC acquired a new position in Symantec in the 1st quarter worth $254,000. Mackay Shields LLC acquired a new position in Symantec in the 1st quarter worth $2,698,000. Finally, American Century Companies Inc. lifted its position in Symantec by 22.3% during the 1st quarter. American Century Companies Inc. now owns 2,965,734 shares of the technology company’s stock worth $76,664,000 after buying an additional 541,089 shares in the last quarter. Institutional investors own 92.26% of the company’s stock.
Shares of NASDAQ:SYMC opened at $19.83 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.15 and a debt-to-equity ratio of 0.85. The company has a market cap of $12.36 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 2.80 and a beta of 0.65. Symantec Co. has a 12-month low of $17.81 and a 12-month high of $34.20.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 12th. Investors of record on Monday, August 20th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, August 17th. This represents a $0.30 annualized dividend and a dividend yield of 1.51%. Symantec’s dividend payout ratio is 31.58%.
A number of equities research analysts have recently issued reports on the stock. Robert W. Baird reaffirmed a “hold” rating and issued a $25.00 target price on shares of Symantec in a report on Friday, May 11th. First Analysis lowered shares of Symantec from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $35.00 to $23.00 in a research note on Friday, May 11th. UBS Group lowered shares of Symantec from an “outperform” rating to a “market perform” rating in a research note on Friday, May 11th. Macquarie lowered shares of Symantec from an “outperform” rating to a “neutral” rating in a research note on Friday, May 11th. Finally, Jefferies Financial Group decreased their price target on shares of Symantec to $20.00 and set an “underperform” rating on the stock in a research note on Friday, May 11th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have assigned a buy rating to the stock. Symantec presently has a consensus rating of “Hold” and an average price target of $24.55.
Symantec Corporation, together with its subsidiaries, provides cybersecurity solutions worldwide. It operates through two segments, Consumer Digital Safety and Enterprise Security. The Consumer Digital Safety segment provides Norton-branded services that provide multi-layer security services across desktop and mobile operating systems, public Wi-Fi connections, and home networks to defend against online threats to individuals, families, and small businesses.
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