FTB Advisors Inc. Has $344,000 Stake in Symantec Corporation (SYMC)
FTB Advisors Inc. maintained its stake in shares of Symantec Corporation (NASDAQ:SYMC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,175 shares of the technology company’s stock at the end of the 2nd quarter. FTB Advisors Inc.’s holdings in Symantec Corporation were worth $344,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in Symantec Corporation 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 buying an additional 292 shares in the last quarter. Sun Life Financial INC boosted its stake in Symantec Corporation 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 buying an additional 4,410 shares in the last quarter. Harfst & Associates Inc. acquired a new stake in Symantec Corporation in the 2nd quarter valued at $127,000. Johnson Financial Group Inc. boosted its stake in Symantec Corporation 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 buying an additional 325 shares in the last quarter. Finally, Yakira Capital Management Inc. acquired a new stake in Symantec Corporation in the 1st quarter valued at $217,000. 91.65% of the stock is currently owned by institutional investors and hedge funds.
Symantec Corporation (SYMC) traded up 0.65% during midday trading on Friday, reaching $33.92. The company had a trading volume of 3,723,227 shares. The stock has a 50-day moving average price of $31.69 and a 200 day moving average price of $30.49. The company’s market capitalization is $20.79 billion. Symantec Corporation has a 12-month low of $22.76 and a 12-month high of $34.20.
Symantec Corporation (NASDAQ:SYMC) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Symantec Corporation had a positive return on equity of 10.73% and a negative net margin of 8.68%. Symantec Corporation’s revenue for the quarter was up 38.9% compared to the same quarter last year. During the same period last year, the company earned $0.29 EPS. Equities analysts forecast that Symantec Corporation will post $1.81 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Monday, August 21st were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Thursday, August 17th. Symantec Corporation’s dividend payout ratio is currently -49.18%.
Several analysts recently commented on SYMC shares. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $36.00 price target on shares of Symantec Corporation in a research note on Friday, June 9th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $33.00 price objective (up previously from $32.00) on shares of Symantec Corporation in a research note on Friday, June 9th. Robert W. Baird reissued a “hold” rating on shares of Symantec Corporation in a research note on Saturday, June 10th. Evercore ISI set a $25.00 price objective on Symantec Corporation and gave the stock a “hold” rating in a research note on Saturday, June 10th. Finally, BidaskClub lowered Symantec Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $31.54.
In related news, Director Anita M. Sands sold 2,000 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $30.00, for a total transaction of $60,000.00. Following the completion of the transaction, the director now directly owns 43,386 shares of the company’s stock, valued at approximately $1,301,580. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael David Fey sold 1,348,831 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $28.84, for a total value of $38,900,286.04. Following the transaction, the insider now directly owns 1,605,757 shares of the company’s stock, valued at $46,310,031.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,689,850 shares of company stock valued at $49,248,699. 1.30% of the stock is owned by corporate insiders.
Symantec Corporation Profile
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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