Geode Capital Management LLC increased its position in shares of Symantec Co. (NASDAQ:SYMC) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,821,186 shares of the technology company’s stock after purchasing an additional 206,884 shares during the period. Geode Capital Management LLC owned about 1.10% of Symantec worth $191,016,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SYMC. Raymond James Financial Services Advisors Inc. increased its position in shares of Symantec by 6.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 27,997 shares of the technology company’s stock valued at $919,000 after purchasing an additional 1,762 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of Symantec during the third quarter valued at approximately $1,723,000. Tocqueville Asset Management L.P. bought a new stake in shares of Symantec during the third quarter valued at approximately $740,000. State of Wisconsin Investment Board increased its position in shares of Symantec by 0.8% during the third quarter. State of Wisconsin Investment Board now owns 699,744 shares of the technology company’s stock valued at $22,959,000 after purchasing an additional 5,636 shares during the period. Finally, State of Tennessee Treasury Department increased its position in shares of Symantec by 35.2% during the third quarter. State of Tennessee Treasury Department now owns 224,855 shares of the technology company’s stock valued at $7,377,000 after purchasing an additional 58,494 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.
Symantec Co. (NASDAQ SYMC) traded up $0.03 during trading on Wednesday, reaching $27.37. The company’s stock had a trading volume of 4,917,572 shares, compared to its average volume of 6,709,159. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $17,253.91, a price-to-earnings ratio of 17.77, a P/E/G ratio of 3.18 and a beta of 0.89. Symantec Co. has a one year low of $24.94 and a one year high of $34.20.
Symantec (NASDAQ:SYMC) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.05. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.27 billion. Symantec had a return on equity of 14.26% and a net margin of 22.24%. The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. equities analysts forecast that Symantec Co. will post 0.99 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Tuesday, February 20th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Friday, February 16th. Symantec’s dividend payout ratio is currently 19.48%.
In other Symantec news, EVP Francis C. Rosch sold 51,899 shares of the business’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $26.59, for a total value of $1,379,994.41. Following the transaction, the executive vice president now owns 213,026 shares of the company’s stock, valued at $5,664,361.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Suzanne M. Vautrinot sold 4,000 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $27.72, for a total value of $110,880.00. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.
A number of analysts have recently issued reports on the company. Robert W. Baird restated a “hold” rating on shares of Symantec in a research report on Thursday, February 1st. Evercore ISI restated a “hold” rating and set a $25.00 price objective on shares of Symantec in a research report on Thursday, February 1st. BidaskClub upgraded Symantec from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 3rd. Cowen restated a “sell” rating and set a $26.00 price objective on shares of Symantec in a research report on Thursday, February 1st. Finally, Jefferies Group cut Symantec from a “hold” rating to an “underperform” rating and lowered their price objective for the company from $30.00 to $23.00 in a research report on Thursday, January 18th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $30.87.
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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 and cyber security services. 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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