Symantec Corporation (SYMC) Shares Bought by Numeric Investors LLC

Numeric Investors LLC grew its stake in Symantec Corporation (NASDAQ:SYMC) by 168.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,500 shares of the technology company’s stock after buying an additional 34,200 shares during the quarter. Numeric Investors LLC’s holdings in Symantec Corporation were worth $1,540,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Symantec Corporation by 1.3% in the second quarter. Vanguard Group Inc. now owns 61,195,217 shares of the technology company’s stock valued at $1,728,766,000 after buying an additional 757,092 shares during the period. BlackRock Inc. boosted its holdings in shares of Symantec Corporation by 2,815.1% in the first quarter. BlackRock Inc. now owns 40,975,309 shares of the technology company’s stock valued at $1,257,121,000 after buying an additional 39,569,694 shares during the period. State Street Corp boosted its holdings in Symantec Corporation by 1.7% during the first quarter. State Street Corp now owns 27,978,710 shares of the technology company’s stock worth $858,386,000 after purchasing an additional 464,913 shares during the last quarter. Jackson Square Partners LLC boosted its holdings in Symantec Corporation by 5.0% during the second quarter. Jackson Square Partners LLC now owns 20,071,586 shares of the technology company’s stock worth $567,022,000 after purchasing an additional 964,537 shares during the last quarter. Finally, Coatue Management LLC boosted its holdings in Symantec Corporation by 4.3% during the second quarter. Coatue Management LLC now owns 17,902,408 shares of the technology company’s stock worth $505,743,000 after purchasing an additional 743,961 shares during the last quarter. Institutional investors own 91.65% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/09/symantec-corporation-symc-shares-bought-by-numeric-investors-llc.html.

Several research analysts recently commented on the stock. Barclays PLC restated an “overweight” rating and set a $36.00 target price (down previously from $38.00) on shares of Symantec Corporation in a report on Thursday, August 3rd. Robert W. Baird restated a “hold” rating and set a $32.00 target price on shares of Symantec Corporation in a report on Friday, September 8th. Royal Bank Of Canada restated a “hold” rating and set a $32.00 target price on shares of Symantec Corporation in a report on Monday, July 31st. BidaskClub upgraded shares of Symantec Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $35.00 target price (up previously from $33.00) on shares of Symantec Corporation in a report on Friday, August 4th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $31.54.

In other Symantec Corporation news, Director Anita M. Sands sold 2,000 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $30.00, for a total transaction of $60,000.00. Following the sale, the director now directly owns 43,386 shares of the company’s stock, valued at $1,301,580. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael David Fey sold 1,348,831 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $28.84, for a total transaction of $38,900,286.04. Following the sale, the insider now directly owns 1,605,757 shares in the company, valued at $46,310,031.88. The disclosure for this sale can be found here. Insiders sold a total of 1,689,850 shares of company stock worth $49,248,699 over the last three months. 1.30% of the stock is owned by insiders.

Symantec Corporation (NASDAQ:SYMC) opened at 33.92 on Monday. The stock has a 50 day moving average of $31.69 and a 200 day moving average of $30.49. Symantec Corporation has a 12 month low of $22.76 and a 12 month high of $34.20. The company’s market capitalization is $20.79 billion.

Symantec Corporation (NASDAQ:SYMC) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. The firm’s quarterly revenue was up 38.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. Equities analysts anticipate 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 o

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Symantec Corporation by 1.3% in the second quarter. Vanguard Group Inc. now owns 61,195,217 shares of the technology company’s stock valued at $1,728,766,000 after buying an additional 757,092 shares during the period. BlackRock Inc. boosted its holdings in shares of Symantec Corporation by 2,815.1% in the first quarter. BlackRock Inc. now owns 40,975,309 shares of the technology company’s stock valued at $1,257,121,000 after buying an additional 39,569,694 shares during the period. State Street Corp boosted its holdings in Symantec Corporation by 1.7% during the first quarter. State Street Corp now owns 27,978,710 shares of the technology company’s stock worth $858,386,000 after purchasing an additional 464,913 shares during the last quarter. Jackson Square Partners LLC boosted its holdings in Symantec Corporation by 5.0% during the second quarter. Jackson Square Partners LLC now owns 20,071,586 shares of the technology company’s stock worth $567,022,000 after purchasing an additional 964,537 shares during the last quarter. Finally, Coatue Management LLC boosted its holdings in Symantec Corporation by 4.3% during the second quarter. Coatue Management LLC now owns 17,902,408 shares of the technology company’s stock worth $505,743,000 after purchasing an additional 743,961 shares during the last quarter. Institutional investors own 91.65% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/09/symantec-corporation-symc-shares-bought-by-numeric-investors-llc.html.

Several research analysts recently commented on the stock. Barclays PLC restated an “overweight” rating and set a $36.00 target price (down previously from $38.00) on shares of Symantec Corporation in a report on Thursday, August 3rd. Robert W. Baird restated a “hold” rating and set a $32.00 target price on shares of Symantec Corporation in a report on Friday, September 8th. Royal Bank Of Canada restated a “hold” rating and set a $32.00 target price on shares of Symantec Corporation in a report on Monday, July 31st. BidaskClub upgraded shares of Symantec Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $35.00 target price (up previously from $33.00) on shares of Symantec Corporation in a report on Friday, August 4th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $31.54.

In other Symantec Corporation news, Director Anita M. Sands sold 2,000 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $30.00, for a total transaction of $60,000.00. Following the sale, the director now directly owns 43,386 shares of the company’s stock, valued at $1,301,580. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael David Fey sold 1,348,831 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $28.84, for a total transaction of $38,900,286.04. Following the sale, the insider now directly owns 1,605,757 shares in the company, valued at $46,310,031.88. The disclosure for this sale can be found here. Insiders sold a total of 1,689,850 shares of company stock worth $49,248,699 over the last three months. 1.30% of the stock is owned by insiders.

Symantec Corporation (NASDAQ:SYMC) opened at 33.92 on Monday. The stock has a 50 day moving average of $31.69 and a 200 day moving average of $30.49. Symantec Corporation has a 12 month low of $22.76 and a 12 month high of $34.20. The company’s market capitalization is $20.79 billion.

Symantec Corporation (NASDAQ:SYMC) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. The firm’s quarterly revenue was up 38.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. Equities analysts anticipate 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. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Thursday, August 17th. Symantec Corporation’s dividend payout ratio (DPR) is currently -49.18%.

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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Institutional Ownership by Quarter for Symantec Corporation (NASDAQ:SYMC)

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