Janney Montgomery Scott LLC boosted its holdings in Symantec Corporation (NASDAQ:SYMC) by 58.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,684 shares of the technology company’s stock after acquiring an additional 16,853 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Symantec were worth $1,499,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Symantec by 7.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,982 shares of the technology company’s stock worth $112,000 after acquiring an additional 292 shares in the last quarter. Sun Life Financial INC boosted its position in shares of Symantec by 44,100.0% in the second quarter. Sun Life Financial INC now owns 4,420 shares of the technology company’s stock worth $125,000 after buying an additional 4,410 shares during the period. Harfst & Associates Inc. acquired a new stake in shares of Symantec in the second quarter worth $127,000. Johnson Financial Group Inc. boosted its position in shares of Symantec by 6.2% in the second quarter. Johnson Financial Group Inc. now owns 5,596 shares of the technology company’s stock worth $158,000 after buying an additional 325 shares during the period. Finally, United Bank Inc. acquired a new stake in shares of Symantec in the third quarter worth $200,000. Institutional investors own 94.74% of the company’s stock.
In other Symantec news, EVP Francis C. Rosch sold 57,103 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $27.42, for a total value of $1,565,764.26. Following the transaction, the executive vice president now directly owns 325,026 shares of the company’s stock, valued at approximately $8,912,212.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Nicholas R. Noviello sold 375,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 565,319 shares in the company, valued at $16,609,072.22. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
A number of research firms recently issued reports on SYMC. BidaskClub cut Symantec from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Piper Jaffray Companies set a $40.00 price objective on Symantec and gave the stock a “buy” rating in a research note on Sunday, October 15th. Deutsche Bank assumed coverage on Symantec in a research note on Tuesday, December 19th. They issued a “hold” rating and a $30.00 price objective on the stock. Stifel Nicolaus restated a “hold” rating and set a $27.00 price target on shares of Symantec in a research note on Friday, November 3rd. Finally, CIBC restated an “outperform” rating and set a $33.00 price target (down from $35.00) on shares of Symantec in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company’s stock. Symantec has a consensus rating of “Hold” and a consensus price target of $32.29.
Shares of Symantec Corporation (NASDAQ:SYMC) traded up $0.11 during midday trading on Thursday, reaching $28.77. 3,684,927 shares of the company were exchanged, compared to its average volume of 5,228,503. The firm has a market cap of $17,840.00, a price-to-earnings ratio of -49.60, a PEG ratio of 2.98 and a beta of 1.07. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.12 and a current ratio of 1.12. Symantec Corporation has a 12-month low of $25.20 and a 12-month high of $34.20.
Symantec (NASDAQ:SYMC) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.14. Symantec had a negative net margin of 5.29% and a positive return on equity of 12.33%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the business posted $0.30 EPS. The company’s quarterly revenue was up 25.7% on a year-over-year basis. analysts expect that Symantec Corporation will post 1.05 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Monday, November 20th were paid a $0.075 dividend. The ex-dividend date was Friday, November 17th. This represents a $0.30 annualized dividend and a yield of 1.04%. Symantec’s dividend payout ratio (DPR) is currently -51.72%.
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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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