Guggenheim Capital LLC lifted its holdings in Symantec Co. (NASDAQ:SYMC) by 24.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,118,026 shares of the technology company’s stock after purchasing an additional 417,636 shares during the period. Guggenheim Capital LLC’s holdings in Symantec were worth $59,433,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Delpha Capital Management LLC purchased a new stake in shares of Symantec in the fourth quarter worth approximately $162,000. Genesee Valley Trust Co. purchased a new stake in shares of Symantec in the fourth quarter worth approximately $209,000. Lenox Wealth Advisors Inc. purchased a new stake in shares of Symantec in the fourth quarter worth approximately $224,000. Reilly Financial Advisors LLC raised its holdings in shares of Symantec by 223.5% in the fourth quarter. Reilly Financial Advisors LLC now owns 8,412 shares of the technology company’s stock worth $236,000 after buying an additional 5,812 shares during the period. Finally, MUFG Americas Holdings Corp purchased a new stake in shares of Symantec in the third quarter worth approximately $248,000. Hedge funds and other institutional investors own 95.37% of the company’s stock.
Shares of Symantec Co. (NASDAQ:SYMC) opened at $27.34 on Wednesday. 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 stock has a market capitalization of $17,253.91, a price-to-earnings ratio of 35.14, a price-to-earnings-growth ratio of 3.18 and a beta of 0.89. Symantec Co. has a 52-week low of $24.94 and a 52-week high of $34.20.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Tuesday, February 20th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $0.30 annualized dividend and a yield of 1.10%. Symantec’s dividend payout ratio (DPR) is presently 19.48%.
Several equities research analysts have recently weighed in on the company. BidaskClub downgraded Symantec from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Zacks Investment Research upgraded Symantec from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Deutsche Bank started coverage on Symantec in a report on Tuesday, December 19th. They set a “hold” rating and a $30.00 price objective on the stock. Cowen restated a “sell” rating and set a $26.00 price objective on shares of Symantec in a report on Thursday, February 1st. Finally, Evercore ISI restated a “hold” rating and set a $25.00 price objective on shares of Symantec in a report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have assigned a buy rating to the company. Symantec has an average rating of “Hold” and an average target price of $30.87.
In other Symantec news, Director Suzanne M. Vautrinot sold 4,000 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $27.72, for a total transaction of $110,880.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Francis C. Rosch sold 51,899 shares of the stock in a transaction on Monday, March 5th. The shares were sold at an average price of $26.59, for a total value of $1,379,994.41. Following the sale, the executive vice president now directly owns 213,026 shares in the company, valued at approximately $5,664,361.34. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
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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