Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Position in Symantec Corporation (SYMC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Symantec Corporation (NASDAQ:SYMC) by 10.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,979 shares of the technology company’s stock after acquiring an additional 4,791 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Symantec were worth $1,640,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NGAM Advisors L.P. boosted its holdings in Symantec by 5.4% during the second quarter. NGAM Advisors L.P. now owns 20,504 shares of the technology company’s stock valued at $580,000 after purchasing an additional 1,051 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Symantec by 1.4% during the second quarter. Janney Montgomery Scott LLC now owns 28,831 shares of the technology company’s stock valued at $814,000 after purchasing an additional 395 shares in the last quarter. Rothschild Asset Management Inc. boosted its holdings in Symantec by 11.4% during the second quarter. Rothschild Asset Management Inc. now owns 19,032 shares of the technology company’s stock valued at $538,000 after purchasing an additional 1,940 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Symantec by 2.6% during the second quarter. CIBC Asset Management Inc now owns 85,042 shares of the technology company’s stock valued at $2,402,000 after purchasing an additional 2,195 shares in the last quarter. Finally, CAPROCK Group Inc. acquired a new stake in Symantec during the second quarter valued at approximately $255,000. Hedge funds and other institutional investors own 95.02% of the company’s stock.

SYMC has been the topic of a number of recent research reports. Zacks Investment Research downgraded Symantec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. Barclays reaffirmed an “overweight” rating and set a $36.00 price objective (down from $38.00) on shares of Symantec in a report on Wednesday, August 9th. BidaskClub downgraded Symantec from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Credit Suisse Group initiated coverage on Symantec in a report on Tuesday, September 5th. They set an “outperform” rating and a $36.00 price objective on the stock. Finally, Moffett Nathanson initiated coverage on Symantec in a report on Wednesday, September 6th. They set a “neutral” rating and a $33.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the stock. Symantec presently has a consensus rating of “Hold” and an average target price of $32.39.

In other Symantec news, EVP Francis C. Rosch sold 4,749 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $29.71, for a total transaction of $141,092.79. Following the completion of the sale, the executive vice president now owns 285,026 shares in the company, valued at approximately $8,468,122.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Amy L. Cappellanti-Wolf sold 2,163 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $29.85, for a total transaction of $64,565.55. Following the sale, the senior vice president now owns 115,997 shares of the company’s stock, valued at approximately $3,462,510.45. The disclosure for this sale can be found here. Insiders have sold a total of 425,256 shares of company stock valued at $12,626,621 in the last quarter. Corporate insiders own 1.30% of the company’s stock.

Symantec Corporation (NASDAQ:SYMC) opened at $29.11 on Monday. Symantec Corporation has a 1-year low of $23.34 and a 1-year high of $34.20. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.72. The stock has a market capitalization of $18,047.68, a price-to-earnings ratio of 46.21, a price-to-earnings-growth ratio of 2.94 and a beta of 1.08.

Symantec (NASDAQ:SYMC) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.14. Symantec had a positive return on equity of 12.33% and a negative net margin of 5.29%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the business earned $0.30 EPS. The business’s revenue for the quarter was up 25.7% compared to the same quarter last year. equities analysts expect that Symantec Corporation will post 1.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Monday, November 20th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, November 17th. Symantec’s payout ratio is -75.00%.

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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, 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.

Institutional Ownership by Quarter for Symantec (NASDAQ:SYMC)

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