The Manufacturers Life Insurance Company Has $20.30 Million Holdings in Symantec Co. (SYMC)

The Manufacturers Life Insurance Company grew its position in Symantec Co. (NASDAQ:SYMC) by 20.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 723,316 shares of the technology company’s stock after acquiring an additional 123,086 shares during the period. The Manufacturers Life Insurance Company owned about 0.12% of Symantec worth $20,298,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the business. Strs Ohio raised its position in shares of Symantec by 3.5% in the third quarter. Strs Ohio now owns 47,434 shares of the technology company’s stock worth $1,556,000 after acquiring an additional 1,619 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of Symantec by 6.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 27,997 shares of the technology company’s stock worth $919,000 after acquiring an additional 1,762 shares during the period. Ledyard National Bank raised its position in shares of Symantec by 13.6% in the fourth quarter. Ledyard National Bank now owns 15,870 shares of the technology company’s stock worth $445,000 after acquiring an additional 1,905 shares during the period. Xact Kapitalforvaltning AB raised its position in shares of Symantec by 2.3% in the third quarter. Xact Kapitalforvaltning AB now owns 92,043 shares of the technology company’s stock worth $3,020,000 after acquiring an additional 2,107 shares during the period. Finally, Bessemer Group Inc. raised its position in shares of Symantec by 22.8% in the third quarter. Bessemer Group Inc. now owns 11,435 shares of the technology company’s stock worth $375,000 after acquiring an additional 2,124 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

In related news, EVP Francis C. Rosch sold 57,103 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $27.42, for a total transaction of $1,565,764.26. Following the completion of the sale, the executive vice president now owns 325,026 shares of the company’s stock, valued at approximately $8,912,212.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Shares of Symantec Co. (NASDAQ SYMC) opened at $27.43 on Friday. Symantec Co. has a one year low of $24.94 and a one year high of $34.20. The stock has a market cap of $17,010.00, a PE ratio of 105.50, a P/E/G ratio of 3.09 and a beta of 0.89. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.15 and a current ratio of 1.15.

Symantec (NASDAQ:SYMC) last announced its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.05. Symantec had a net margin of 22.24% and a return on equity of 14.26%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the company earned $0.32 EPS. Symantec’s revenue was up 13.4% compared to the same quarter last year. equities analysts expect that Symantec Co. will post 0.99 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Tuesday, February 20th will be paid 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 1.09%. Symantec’s dividend payout ratio is presently 115.38%.

A number of research firms have recently commented on SYMC. CIBC reissued an “outperform” rating and set a $33.00 target price (down previously from $35.00) on shares of Symantec in a research note on Thursday, November 2nd. Oppenheimer cut their target price on shares of Symantec from $35.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. Evercore ISI reissued a “hold” rating and set a $25.00 target price on shares of Symantec in a research note on Thursday, November 2nd. Barclays reissued a “buy” rating and set a $36.00 target price on shares of Symantec in a research note on Thursday, November 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $27.00 target price on shares of Symantec in a research note on Friday, November 3rd. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the stock. Symantec presently has an average rating of “Hold” and an average price target of $30.92.

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About Symantec

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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Institutional Ownership by Quarter for Symantec (NASDAQ:SYMC)

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