ClariVest Asset Management LLC Has $1.37 Million Position in Symantec (SYMC)

ClariVest Asset Management LLC boosted its holdings in Symantec (NASDAQ:SYMC) by 8.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,000 shares of the technology company’s stock after acquiring an additional 4,100 shares during the quarter. ClariVest Asset Management LLC’s holdings in Symantec were worth $1,370,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lourd Capital LLC bought a new stake in Symantec in the fourth quarter valued at about $325,000. Boston Partners increased its stake in Symantec by 0.3% in the first quarter. Boston Partners now owns 2,060,811 shares of the technology company’s stock valued at $53,272,000 after acquiring an additional 5,383 shares during the period. Meadow Creek Investment Management LLC increased its stake in Symantec by 5.9% in the fourth quarter. Meadow Creek Investment Management LLC now owns 92,718 shares of the technology company’s stock valued at $2,601,000 after acquiring an additional 5,134 shares during the period. Two Sigma Advisers LP increased its stake in Symantec by 53.0% in the fourth quarter. Two Sigma Advisers LP now owns 278,084 shares of the technology company’s stock valued at $7,803,000 after acquiring an additional 96,300 shares during the period. Finally, Moors & Cabot Inc. increased its stake in Symantec by 67.7% in the fourth quarter. Moors & Cabot Inc. now owns 40,274 shares of the technology company’s stock valued at $1,127,000 after acquiring an additional 16,261 shares during the period. 95.18% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Suzanne M. Vautrinot sold 4,000 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $27.72, for a total value of $110,880.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Scott C. Taylor sold 41,284 shares of the stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $27.61, for a total transaction of $1,139,851.24. Following the completion of the transaction, the executive vice president now owns 188,426 shares in the company, valued at $5,202,441.86. The disclosure for this sale can be found here. Insiders sold 97,183 shares of company stock worth $2,630,726 over the last 90 days. 1.30% of the stock is currently owned by company insiders.

A number of equities analysts have commented on SYMC shares. Bank of America boosted their price target on shares of Symantec from $19.00 to $21.00 and gave the company an “underperform” rating in a research report on Thursday, February 1st. BidaskClub upgraded shares of Symantec from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 3rd. Jefferies Group reduced their price target on shares of Symantec to $20.00 and set an “underperform” rating on the stock in a research report on Friday, May 11th. Goldman Sachs lowered shares of Symantec from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 16th. Finally, Evercore ISI restated a “hold” rating and issued a $25.00 price target on shares of Symantec in a research report on Thursday, February 1st. Five analysts have rated the stock with a sell rating, nineteen have issued a hold rating and three have given a buy rating to the stock. Symantec has an average rating of “Hold” and a consensus price target of $28.64.

Shares of Symantec opened at $22.19 on Monday, Marketbeat Ratings reports. Symantec has a 1 year low of $18.85 and a 1 year high of $34.20. The company has a market cap of $13.79 billion, a PE ratio of 23.36, a P/E/G ratio of 3.13 and a beta of 0.86. The company has a current ratio of 1.11, a quick ratio of 1.15 and a debt-to-equity ratio of 0.99.

Symantec (NASDAQ:SYMC) last announced its earnings results on Thursday, May 10th. The technology company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.07. Symantec had a net margin of 23.98% and a return on equity of 16.24%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the business earned $0.28 earnings per share. Symantec’s quarterly revenue was up 4.9% on a year-over-year basis. research analysts predict that Symantec will post 0.86 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 20th. Investors of record on Friday, June 8th will be issued a $0.075 dividend. The ex-dividend date is Thursday, June 7th. This represents a $0.30 annualized dividend and a yield of 1.35%. Symantec’s dividend payout ratio is currently 31.58%.

About Symantec

Symantec Corporation, together with its subsidiaries, provides cybersecurity solutions worldwide. It operates through two segments, Consumer Digital Safety and Enterprise Security. The Consumer Digital Safety segment provides Norton-branded services that provide multi-layer security services across desktop and mobile operating systems, public Wi-Fi connections, and home networks to defend against online threats to individuals, families, and small businesses.

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Institutional Ownership by Quarter for Symantec (NASDAQ:SYMC)

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