Wetherby Asset Management Inc. increased its position in shares of Symantec Corporation (NASDAQ:SYMC) by 2.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 8,885 shares of the technology company’s stock after buying an additional 246 shares during the period. Wetherby Asset Management Inc.’s holdings in Symantec Corporation were worth $251,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in shares of Symantec Corporation during the first quarter worth approximately $142,000. Johnson Financial Group Inc. raised its position in shares of Symantec Corporation by 8.0% in the first quarter. Johnson Financial Group Inc. now owns 5,271 shares of the technology company’s stock worth $162,000 after buying an additional 390 shares during the period. IFP Advisors Inc raised its position in shares of Symantec Corporation by 0.3% in the first quarter. IFP Advisors Inc now owns 6,283 shares of the technology company’s stock worth $193,000 after buying an additional 19 shares during the period. American Asset Management Inc. acquired a new position in shares of Symantec Corporation during the first quarter worth approximately $207,000. Finally, Yakira Capital Management Inc. acquired a new position in shares of Symantec Corporation during the first quarter worth approximately $217,000. Institutional investors own 93.40% of the company’s stock.
Symantec Corporation (NASDAQ:SYMC) opened at 28.04 on Friday. The stock’s market cap is $17.18 billion. Symantec Corporation has a 52 week low of $22.76 and a 52 week high of $33.22. The company has a 50-day moving average price of $29.55 and a 200-day moving average price of $29.83.
Symantec Corporation (NASDAQ:SYMC) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.03. Symantec Corporation had a positive return on equity of 10.73% and a negative net margin of 8.68%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was up 38.9% compared to the same quarter last year. Analysts anticipate that Symantec Corporation will post $1.80 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Monday, August 21st will be issued a $0.075 dividend. The ex-dividend date is Thursday, August 17th. This represents a $0.30 annualized dividend and a dividend yield of 1.07%. Symantec Corporation’s dividend payout ratio (DPR) is currently -49.18%.
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A number of brokerages have recently commented on SYMC. Barclays PLC reissued an “overweight” rating and set a $36.00 price target (down from $38.00) on shares of Symantec Corporation in a report on Thursday, August 3rd. Zacks Investment Research lowered Symantec Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 16th. Royal Bank Of Canada reissued a “hold” rating and set a $32.00 price target on shares of Symantec Corporation in a report on Monday, July 31st. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $35.00 price target (up from $33.00) on shares of Symantec Corporation in a report on Friday, August 4th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $27.00 price target on shares of Symantec Corporation in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.00.
In other Symantec Corporation news, SVP Amy L. Cappellanti-Wolf sold 3,741 shares of the stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $29.91, for a total value of $111,893.31. Following the completion of the sale, the senior vice president now directly owns 88,774 shares in the company, valued at $2,655,230.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anita M. Sands sold 2,000 shares of the stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $30.00, for a total value of $60,000.00. Following the completion of the sale, the director now owns 43,386 shares of the company’s stock, valued at $1,301,580. The disclosure for this sale can be found here. Insiders sold 1,475,916 shares of company stock valued at $42,723,358 over the last 90 days. Corporate insiders own 0.76% of the company’s stock.
About Symantec Corporation
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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