Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Symantec Corporation (NASDAQ:SYMC) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 10,800 shares of the technology company’s stock, valued at approximately $356,000.
Other institutional investors have also modified their holdings of the company. Stifel Financial Corp increased its position in shares of Symantec by 58.7% in the 3rd quarter. Stifel Financial Corp now owns 239,422 shares of the technology company’s stock valued at $7,853,000 after buying an additional 88,525 shares in the last quarter. Pinebridge Investments L.P. acquired a new position in Symantec in the 3rd quarter worth $2,239,000. Commerzbank Aktiengesellschaft FI boosted its stake in Symantec by 49.1% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 383,296 shares of the technology company’s stock worth $12,576,000 after purchasing an additional 126,258 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its stake in Symantec by 26.5% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,025,638 shares of the technology company’s stock worth $33,651,000 after purchasing an additional 214,744 shares during the period. Finally, KBC Group NV boosted its stake in Symantec by 8.4% in the 3rd quarter. KBC Group NV now owns 456,579 shares of the technology company’s stock worth $14,980,000 after purchasing an additional 35,550 shares during the period. Institutional investors own 95.02% of the company’s stock.
In other Symantec news, CFO Nicholas R. Noviello sold 375,000 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $29.38, for a total value of $11,017,500.00. Following the transaction, the chief financial officer now directly owns 565,319 shares of the company’s stock, valued at approximately $16,609,072.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Francis C. Rosch sold 57,103 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $27.42, for a total transaction of $1,565,764.26. Following the completion of the transaction, the executive vice president now directly owns 325,026 shares in the company, valued at $8,912,212.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 447,225 shares of company stock worth $13,081,030. Insiders own 1.30% of the company’s stock.
SYMC has been the subject of a number of research analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $40.00 target price on shares of Symantec in a research note on Tuesday, September 12th. Barclays reaffirmed a “buy” rating and issued a $36.00 target price on shares of Symantec in a research note on Thursday, November 2nd. Morgan Stanley lowered shares of Symantec from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $37.00 to $34.00 in a research note on Tuesday, October 10th. Standpoint Research downgraded shares of Symantec from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. Finally, BidaskClub upgraded shares of Symantec from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $32.39.
Shares of Symantec Corporation (NASDAQ SYMC) opened at $28.75 on Friday. Symantec Corporation has a one year low of $23.77 and a one year high of $34.20. The stock has a market cap of $17,820.00, a PE ratio of 45.90, a P/E/G ratio of 2.92 and a beta of 1.07. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.72.
Symantec (NASDAQ:SYMC) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.14. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Symantec had a negative net margin of 5.29% and a positive return on equity of 12.33%. The business’s revenue was up 25.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. equities analysts predict that Symantec Corporation will post 1.05 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Monday, November 20th were issued a $0.075 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.30 annualized dividend and a yield of 1.04%. Symantec’s dividend payout ratio is currently -51.72%.
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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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