AMP Capital Investors Ltd grew its holdings in shares of Symantec Co. (NASDAQ:SYMC) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 414,290 shares of the technology company’s stock after buying an additional 17,982 shares during the period. AMP Capital Investors Ltd owned 0.07% of Symantec worth $11,625,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in SYMC. Delpha Capital Management LLC bought a new position in shares of Symantec in the fourth quarter valued at $162,000. Genesee Valley Trust Co. purchased a new position in Symantec during the 4th quarter worth approximately $209,000. Lenox Wealth Advisors Inc. purchased a new position in Symantec during the 4th quarter worth approximately $224,000. Reilly Financial Advisors LLC grew its holdings in shares of Symantec by 223.5% during the 4th quarter. Reilly Financial Advisors LLC now owns 8,412 shares of the technology company’s stock valued at $236,000 after acquiring an additional 5,812 shares in the last quarter. Finally, MUFG Americas Holdings Corp purchased a new position in shares of Symantec during the 3rd quarter valued at $248,000. 95.35% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on the stock. BidaskClub raised shares of Symantec from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Deutsche Bank began coverage on shares of Symantec in a research report on Tuesday, December 19th. They set a “hold” rating and a $30.00 target price for the company. Zacks Investment Research raised shares of Symantec from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Jefferies Group lowered shares of Symantec from a “hold” rating to an “underperform” rating and cut their price objective for the company from $30.00 to $23.00 in a research report on Thursday, January 18th. Finally, Stephens reissued a “hold” rating and issued a $29.00 target price on shares of Symantec in a research note on Thursday, February 1st. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $30.87.
In other Symantec news, Director Suzanne M. Vautrinot sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $27.72, for a total transaction of $110,880.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Francis C. Rosch sold 51,899 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $26.59, for a total transaction of $1,379,994.41. Following the sale, the executive vice president now directly owns 213,026 shares in the company, valued at $5,664,361.34. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.
Shares of SYMC stock traded up $0.27 on Wednesday, hitting $26.79. 501,323 shares of the stock were exchanged, compared to its average volume of 6,610,484. 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 company has a market cap of $16,576.44, a P/E ratio of 17.24, a PEG ratio of 3.05 and a beta of 0.89. Symantec Co. has a 52 week low of $24.94 and a 52 week high of $34.20.
Symantec (NASDAQ:SYMC) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.05. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Symantec had a net margin of 22.24% and a return on equity of 14.26%. The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.32 EPS. analysts expect that Symantec Co. will post 0.99 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 14th. Stockholders of record on Tuesday, February 20th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Friday, February 16th. Symantec’s payout ratio is presently 19.48%.
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 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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