BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Symantec Corporation (NASDAQ:SYMC) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 330,643 shares of the technology company’s stock after acquiring an additional 9,548 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.05% of Symantec worth $10,848,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of SYMC. NGAM Advisors L.P. lifted its position in Symantec by 5.4% during the 2nd quarter. NGAM Advisors L.P. now owns 20,504 shares of the technology company’s stock worth $580,000 after acquiring an additional 1,051 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Symantec by 1.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 28,831 shares of the technology company’s stock valued at $814,000 after buying an additional 395 shares during the period. Rothschild Asset Management Inc. lifted its holdings in shares of Symantec by 11.4% in the 2nd quarter. Rothschild Asset Management Inc. now owns 19,032 shares of the technology company’s stock valued at $538,000 after buying an additional 1,940 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Symantec by 1.2% in the 2nd quarter. Bessemer Group Inc. now owns 9,311 shares of the technology company’s stock valued at $263,000 after buying an additional 106 shares during the period. Finally, Pioneer Investment Management Inc. lifted its holdings in shares of Symantec by 103.3% in the 2nd quarter. Pioneer Investment Management Inc. now owns 89,526 shares of the technology company’s stock valued at $2,529,000 after buying an additional 45,483 shares during the period. 95.02% of the stock is owned by institutional investors.
Symantec Corporation (NASDAQ:SYMC) opened at $27.98 on Friday. The stock has a market capitalization of $17,086.71, a price-to-earnings ratio of 43.75, a P/E/G ratio of 2.78 and a beta of 1.08. Symantec Corporation has a 1-year low of $23.77 and a 1-year high of $34.20. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.72.
Symantec (NASDAQ:SYMC) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.14. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Symantec had a positive return on equity of 12.33% and a negative net margin of 5.29%. Symantec’s revenue was up 25.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. analysts predict that Symantec Corporation will post 1.05 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Monday, November 20th will be issued a dividend of $0.075 per share. The ex-dividend date is Friday, November 17th. This represents a $0.30 annualized dividend and a yield of 1.07%. Symantec’s dividend payout ratio is presently -75.00%.
Several analysts have recently commented on SYMC shares. Zacks Investment Research cut Symantec from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Moffett Nathanson started coverage on Symantec in a report on Wednesday, September 6th. They issued a “neutral” rating and a $33.00 price target for the company. Credit Suisse Group started coverage on Symantec in a report on Tuesday, September 5th. They issued an “outperform” rating and a $36.00 price target for the company. Barclays reissued a “buy” rating and issued a $36.00 price target on shares of Symantec in a report on Thursday, November 2nd. Finally, Morgan Stanley reduced their price target on Symantec from $34.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $32.39.
In other Symantec news, CFO Nicholas R. Noviello sold 375,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $29.38, for a total transaction of $11,017,500.00. Following the completion of the transaction, the chief financial officer now owns 565,319 shares of the company’s stock, valued at $16,609,072.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Roxane Divol sold 15,111 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $33.05, for a total value of $499,418.55. Following the transaction, the executive vice president now directly owns 114,940 shares of the company’s stock, valued at approximately $3,798,767. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 466,832 shares of company stock valued at $13,728,277. 1.30% of the stock is currently owned by insiders.
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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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