Symantec Co. (NASDAQ:SYMC) has been assigned an average rating of “Hold” from the sixteen brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $22.80.
SYMC has been the subject of several research reports. ValuEngine lowered shares of Symantec from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Evercore ISI set a $22.00 price objective on shares of Symantec and gave the stock a “hold” rating in a report on Friday, August 9th. BidaskClub lowered shares of Symantec from a “hold” rating to a “sell” rating in a report on Wednesday, October 16th. Morgan Stanley upgraded shares of Symantec from an “underweight” rating to an “equal weight” rating and set a $27.00 price objective for the company in a report on Friday, August 9th. Finally, Wedbush set a $19.00 price objective on shares of Symantec and gave the stock a “hold” rating in a report on Monday, July 15th.
NASDAQ SYMC traded up $0.07 during trading on Monday, hitting $23.09. The company had a trading volume of 8,731,412 shares, compared to its average volume of 6,904,744. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.79. Symantec has a one year low of $17.42 and a one year high of $26.07. The company has a market cap of $14.51 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 3.28 and a beta of 1.29. The company’s fifty day moving average is $23.70 and its 200-day moving average is $22.52.
Symantec (NASDAQ:SYMC) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.11. Symantec had a net margin of 2.43% and a return on equity of 14.94%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the business earned $0.34 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities analysts anticipate that Symantec will post 1.33 EPS for the current year.
In other Symantec news, Director Peter A. Feld purchased 1,325,814 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average cost of $22.95 per share, for a total transaction of $30,427,431.30. Following the purchase, the director now directly owns 24,685 shares in the company, valued at $566,520.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Samir Kapuria sold 9,674 shares of the stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $23.58, for a total transaction of $228,112.92. Following the completion of the transaction, the executive vice president now owns 367,818 shares of the company’s stock, valued at $8,673,148.44. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of SYMC. FinTrust Capital Advisors LLC increased its stake in Symantec by 995.1% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 1,347 shares of the technology company’s stock valued at $29,000 after purchasing an additional 1,224 shares in the last quarter. Arcadia Investment Management Corp MI bought a new stake in Symantec during the 2nd quarter valued at about $39,000. CSat Investment Advisory L.P. boosted its holdings in shares of Symantec by 126.3% during the 2nd quarter. CSat Investment Advisory L.P. now owns 2,123 shares of the technology company’s stock valued at $46,000 after acquiring an additional 1,185 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Symantec during the 2nd quarter valued at about $57,000. Finally, Rehmann Capital Advisory Group boosted its holdings in shares of Symantec by 98.9% during the 2nd quarter. Rehmann Capital Advisory Group now owns 2,960 shares of the technology company’s stock valued at $64,000 after acquiring an additional 1,472 shares during the last quarter. Institutional investors own 90.70% of the company’s stock.
Symantec Company Profile
Symantec Corporation provides cybersecurity products, services, and solutions worldwide. The company operates through two segments, Enterprise Security and Consumer Digital Safety. The Enterprise Security segment provides endpoint and information protection products, including endpoint security, advanced threat protection, and information protection solutions and their related support services; and network and Web security products, such as network security, Web security, and cloud security solutions and their related support services.
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