AXA decreased its holdings in Symantec Corporation (NASDAQ:SYMC) by 63.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 961,128 shares of the technology company’s stock after selling 1,674,857 shares during the quarter. AXA owned approximately 0.16% of Symantec Corporation worth $27,152,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of SYMC. BlackRock Inc. grew its holdings in shares of Symantec Corporation by 2,815.1% during the 1st quarter. BlackRock Inc. now owns 40,975,309 shares of the technology company’s stock worth $1,257,121,000 after purchasing an additional 39,569,694 shares during the period. FMR LLC grew its holdings in shares of Symantec Corporation by 41.9% during the 1st quarter. FMR LLC now owns 10,420,611 shares of the technology company’s stock worth $319,703,000 after purchasing an additional 3,076,263 shares during the period. Janus Capital Management LLC grew its holdings in shares of Symantec Corporation by 32.2% during the 1st quarter. Janus Capital Management LLC now owns 7,033,459 shares of the technology company’s stock worth $215,787,000 after purchasing an additional 1,714,844 shares during the period. Vanguard Group Inc. grew its holdings in shares of Symantec Corporation by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 60,438,125 shares of the technology company’s stock worth $1,854,242,000 after purchasing an additional 1,611,647 shares during the period. Finally, Jericho Capital Asset Management L.P. purchased a new stake in shares of Symantec Corporation during the 1st quarter worth about $38,663,000. Institutional investors and hedge funds own 91.72% of the company’s stock.
Shares of Symantec Corporation (NASDAQ:SYMC) traded up 0.88% during midday trading on Friday, reaching $33.24. The company had a trading volume of 9,577,891 shares. Symantec Corporation has a 52-week low of $22.76 and a 52-week high of $34.17. The company’s 50-day moving average is $29.97 and its 200-day moving average is $30.12. The firm’s market cap is $20.37 billion.
Symantec Corporation (NASDAQ:SYMC) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. Symantec Corporation’s revenue was up 38.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 EPS. Equities research analysts expect that Symantec Corporation will post $1.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Monday, August 21st were issued a $0.075 dividend. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.90%. Symantec Corporation’s dividend payout ratio (DPR) is presently -49.18%.
In other Symantec Corporation news, Director Suzanne M. Vautrinot sold 2,500 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $28.45, for a total transaction of $71,125.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Amy L. Cappellanti-Wolf sold 4,496 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $32.88, for a total transaction of $147,828.48. Following the sale, the senior vice president now directly owns 108,411 shares in the company, valued at approximately $3,564,553.68. The disclosure for this sale can be found here. Insiders sold a total of 1,677,228 shares of company stock worth $48,822,058 in the last ninety days. 1.30% of the stock is currently owned by insiders.
A number of research firms have weighed in on SYMC. Piper Jaffray Companies reissued a “buy” rating and set a $40.00 price target on shares of Symantec Corporation in a research report on Tuesday. Evercore ISI set a $25.00 price target on Symantec Corporation and gave the company a “hold” rating in a research report on Saturday, June 10th. Robert W. Baird reissued a “hold” rating on shares of Symantec Corporation in a research report on Saturday, June 10th. Barclays PLC reissued an “overweight” rating and set a $36.00 price target (down from $38.00) on shares of Symantec Corporation in a research report on Wednesday, August 9th. Finally, Zacks Investment Research lowered Symantec Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have issued a buy rating to the stock. Symantec Corporation presently has a consensus rating of “Hold” and a consensus price target of $31.54.
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.
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