Colony Group LLC Decreases Position in Symantec Corporation (SYMC)
Colony Group LLC lowered its stake in Symantec Corporation (NASDAQ:SYMC) by 3.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 153,659 shares of the technology company’s stock after selling 5,743 shares during the period. Colony Group LLC’s holdings in Symantec were worth $5,042,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Symantec by 7.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,982 shares of the technology company’s stock valued at $112,000 after purchasing an additional 292 shares during the period. Sun Life Financial INC boosted its holdings in Symantec by 44,100.0% in the 2nd quarter. Sun Life Financial INC now owns 4,420 shares of the technology company’s stock valued at $125,000 after purchasing an additional 4,410 shares during the period. Harfst & Associates Inc. bought a new stake in Symantec in the 2nd quarter valued at about $127,000. Johnson Financial Group Inc. boosted its holdings in Symantec by 6.2% in the 2nd quarter. Johnson Financial Group Inc. now owns 5,596 shares of the technology company’s stock valued at $158,000 after purchasing an additional 325 shares during the period. Finally, United Bank Inc. bought a new stake in Symantec in the 3rd quarter valued at about $200,000. Institutional investors and hedge funds own 95.02% of the company’s stock.
Symantec Corporation (NASDAQ:SYMC) opened at $29.22 on Tuesday. The company has a market cap of $18,120.00, a P/E ratio of 44.41, a P/E/G ratio of 2.83 and a beta of 1.07. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.12 and a quick ratio of 1.12. Symantec Corporation has a 52 week low of $23.77 and a 52 week high of $34.20.
Symantec (NASDAQ:SYMC) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.14. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. Symantec had a negative net margin of 5.29% and a positive return on equity of 12.33%. The firm’s revenue was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. equities analysts expect that Symantec Corporation will post 1.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Monday, November 20th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.03%. The ex-dividend date is Friday, November 17th. Symantec’s dividend payout ratio (DPR) is currently -51.72%.
In other Symantec news, SVP Amy L. Cappellanti-Wolf sold 4,496 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $32.88, for a total value of $147,828.48. Following the completion of the transaction, the senior vice president now directly owns 108,411 shares in the company, valued at approximately $3,564,553.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Anita M. Sands sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $33.51, for a total transaction of $67,020.00. Following the completion of the transaction, the director now owns 37,386 shares of the company’s stock, valued at $1,252,804.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 451,721 shares of company stock valued at $13,228,858. Corporate insiders own 1.30% of the company’s stock.
A number of analysts have issued reports on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $27.00 price objective on shares of Symantec in a report on Friday, November 3rd. Morgan Stanley cut their price target on shares of Symantec from $34.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, November 3rd. Evercore ISI reaffirmed a “hold” rating and set a $25.00 price target on shares of Symantec in a report on Thursday, November 2nd. Barclays reaffirmed a “buy” rating and set a $36.00 price target on shares of Symantec in a report on Thursday, November 2nd. Finally, CIBC reaffirmed an “outperform” rating and set a $33.00 price target (down previously from $35.00) on shares of Symantec in a report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the company’s stock. Symantec has an average rating of “Hold” and a consensus target price of $32.39.
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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