Crosslink Capital Inc. Has $15.98 Million Stock Position in Symantec Co. (NASDAQ:SYMC)
Crosslink Capital Inc. trimmed its position in Symantec Co. (NASDAQ:SYMC) by 34.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 734,287 shares of the technology company’s stock after selling 385,160 shares during the quarter. Symantec makes up 3.6% of Crosslink Capital Inc.’s portfolio, making the stock its 12th biggest position. Crosslink Capital Inc. owned 0.12% of Symantec worth $15,978,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in SYMC. Brighton Jones LLC boosted its holdings in Symantec by 3.1% during the second quarter. Brighton Jones LLC now owns 16,241 shares of the technology company’s stock worth $353,000 after buying an additional 495 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Symantec by 1.3% during the 1st quarter. Crossmark Global Holdings Inc. now owns 39,150 shares of the technology company’s stock valued at $900,000 after purchasing an additional 500 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Symantec by 0.7% during the 1st quarter. CIBC Asset Management Inc now owns 94,969 shares of the technology company’s stock valued at $2,183,000 after purchasing an additional 626 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Symantec by 4.7% during the 2nd quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,778 shares of the technology company’s stock valued at $430,000 after purchasing an additional 888 shares in the last quarter. Finally, Creative Planning lifted its holdings in shares of Symantec by 4.5% during the 2nd quarter. Creative Planning now owns 24,848 shares of the technology company’s stock valued at $541,000 after purchasing an additional 1,077 shares in the last quarter. Hedge funds and other institutional investors own 92.58% of the company’s stock.
Several equities analysts have recently weighed in on SYMC shares. ValuEngine cut Symantec from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. BidaskClub upgraded Symantec from a “sell” rating to a “hold” rating in a report on Friday, August 16th. Monness Crespi & Hardt initiated coverage on Symantec in a report on Wednesday, July 10th. They set a “neutral” rating on the stock. Argus restated a “hold” rating on shares of Symantec in a research note on Tuesday, August 13th. Finally, William Blair restated a “market perform” rating on shares of Symantec in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.75.
Shares of Symantec stock traded down $0.32 during trading on Friday, reaching $24.22. 15,521 shares of the stock traded hands, compared to its average volume of 6,537,609. The company has a market capitalization of $15.07 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 2.68 and a beta of 1.30. The business has a fifty day simple moving average of $22.90 and a two-hundred day simple moving average of $22.34. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.71 and a quick ratio of 0.71. Symantec Co. has a 52-week low of $17.42 and a 52-week high of $26.07.
Symantec (NASDAQ:SYMC) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.11. Symantec had a net margin of 2.43% and a return on equity of 14.94%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, research analysts predict that Symantec Co. will post 1.33 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Monday, August 26th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.30 dividend on an annualized basis and a yield of 1.24%. Symantec’s dividend payout ratio is presently 25.64%.
Symantec Corporation provides cybersecurity products, services, and solutions worldwide. The company operates through two segments, Enterprise Security and Consumer Digital Safety. The Enterprise Security segment provides endpoint and information protection products, including endpoint security, advanced threat protection, and information protection solutions and their related support services; and network and Web security products, such as network security, Web security, and cloud security solutions and their related support services.
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