Chevy Chase Trust Holdings Inc. lowered its position in Symantec Corporation (NASDAQ:SYMC) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 527,611 shares of the technology company’s stock after selling 9,474 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Symantec Corporation were worth $14,906,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SYMC. IFP Advisors Inc increased its stake in Symantec Corporation by 0.3% in the first quarter. IFP Advisors Inc now owns 6,283 shares of the technology company’s stock worth $193,000 after buying an additional 19 shares during the last quarter. Mason Street Advisors LLC increased its stake in Symantec Corporation by 0.3% in the first quarter. Mason Street Advisors LLC now owns 85,518 shares of the technology company’s stock worth $2,624,000 after buying an additional 237 shares during the last quarter. Greenwood Capital Associates LLC increased its stake in Symantec Corporation by 1.7% in the first quarter. Greenwood Capital Associates LLC now owns 15,210 shares of the technology company’s stock worth $467,000 after buying an additional 255 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Symantec Corporation by 1.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 20,120 shares of the technology company’s stock worth $617,000 after buying an additional 290 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in Symantec Corporation by 2.7% in the first quarter. Blair William & Co. IL now owns 13,018 shares of the technology company’s stock worth $372,000 after buying an additional 345 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Symantec Corporation (SYMC) opened at 30.08 on Monday. The stock’s market capitalization is $18.30 billion. Symantec Corporation has a 52-week low of $20.06 and a 52-week high of $33.22. The company’s 50-day moving average price is $29.63 and its 200 day moving average price is $28.82.

Symantec Corporation (NASDAQ:SYMC) last issued its earnings results on Wednesday, May 10th. The technology company reported $0.28 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Symantec Corporation had a positive return on equity of 11.06% and a negative net margin of 2.64%. Symantec Corporation’s revenue was up 34.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 earnings per share. On average, equities research analysts anticipate that Symantec Corporation will post $1.79 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th were given a $0.075 dividend. The ex-dividend date was Monday, June 5th. This represents a $0.30 annualized dividend and a dividend yield of 1.00%. Symantec Corporation’s dividend payout ratio (DPR) is presently -176.47%.

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A number of analysts have commented on the company. UBS AG downgraded Symantec Corporation from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $31.00 to $33.00 in a research report on Thursday, May 18th. Robert W. Baird reiterated a “hold” rating on shares of Symantec Corporation in a research report on Saturday, June 10th. Evercore ISI set a $25.00 target price on Symantec Corporation and gave the stock a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded Symantec Corporation from a “strong sell” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Tuesday, July 11th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $29.00 price objective (up from $28.00) on shares of Symantec Corporation in a research report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $30.79.

In other news, CFO Nicholas R. Noviello sold 27,741 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $32.45, for a total value of $900,195.45. Following the completion of the sale, the chief financial officer now owns 184,928 shares of the company’s stock, valued at $6,000,913.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Scott C. Taylor sold 13,000 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $32.45, for a total value of $421,850.00. Following the completion of the sale, the executive vice president now directly owns 237,030 shares of the company’s stock, valued at approximately $7,691,623.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 171,943 shares of company stock valued at $5,239,930. 0.76% of the stock is currently owned by insiders.

About Symantec Corporation

Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection, cyber security services and Website security. 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 Corporation (NASDAQ:SYMC)

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