Symantec Co. (NASDAQ:SYMC) EVP Scott C. Taylor sold 41,284 shares of the firm’s stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $27.61, for a total value of $1,139,851.24. Following the completion of the sale, the executive vice president now directly owns 188,426 shares of the company’s stock, valued at $5,202,441.86. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Symantec stock opened at $27.85 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.13. The firm has a market cap of $17,353.36, a price-to-earnings ratio of 42.20, a P/E/G ratio of 2.29 and a beta of 0.87. Symantec Co. has a fifty-two week low of $24.93 and a fifty-two week high of $34.20.
Symantec (NASDAQ:SYMC) last released its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.05. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.27 billion. Symantec had a return on equity of 14.26% and a net margin of 22.24%. Symantec’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 earnings per share. research analysts anticipate that Symantec Co. will post 0.99 EPS for the current year.
Several analysts have recently commented on the company. Morgan Stanley reduced their price target on Symantec from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, February 1st. Stifel Nicolaus reduced their price target on Symantec from $27.00 to $26.00 and set a “hold” rating for the company in a report on Thursday, February 1st. Cowen reissued a “sell” rating and issued a $26.00 price target on shares of Symantec in a report on Thursday, February 1st. Robert W. Baird reaffirmed a “hold” rating on shares of Symantec in a report on Thursday, February 1st. Finally, Zacks Investment Research raised Symantec from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $30.87.
Institutional investors have recently added to or reduced their stakes in the business. Delpha Capital Management LLC purchased a new position in Symantec during the fourth quarter worth $162,000. Genesee Valley Trust Co. purchased a new position in Symantec during the fourth quarter worth $209,000. Lenox Wealth Advisors Inc. purchased a new position in Symantec during the fourth quarter worth $224,000. Reilly Financial Advisors LLC increased its position in Symantec by 223.5% during 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 in the last quarter. Finally, Goodwin Daniel L purchased a new position in Symantec during the fourth quarter worth $281,000. 95.30% of the stock is owned by institutional investors.
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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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