FUKOKU MUTUAL LIFE INSURANCE Co Continues to Hold Holdings in Symantec Corporation (SYMC)
FUKOKU MUTUAL LIFE INSURANCE Co held its stake in shares of Symantec Corporation (NASDAQ:SYMC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,700 shares of the technology company’s stock at the close of the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Symantec Corporation were worth $161,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. Capital Research Global Investors increased its stake in Symantec Corporation by 1,784.9% during the second quarter. Capital Research Global Investors now owns 14,305,855 shares of the technology company’s stock worth $404,140,000 after acquiring an additional 13,546,895 shares during the last quarter. Capital World Investors raised its position in Symantec Corporation by 3.7% in the second quarter. Capital World Investors now owns 75,819,338 shares of the technology company’s stock valued at $2,141,896,000 after purchasing an additional 2,695,567 shares during the period. AHL Partners LLP raised its position in Symantec Corporation by 200.9% in the second quarter. AHL Partners LLP now owns 51,586 shares of the technology company’s stock valued at $1,458,000 after purchasing an additional 34,442 shares during the period. Sun Life Financial INC raised its position in Symantec Corporation by 44,100.0% in the second 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. Finally, Clinton Group Inc. raised its position in Symantec Corporation by 508.2% in the second quarter. Clinton Group Inc. now owns 59,589 shares of the technology company’s stock valued at $1,683,000 after purchasing an additional 49,792 shares during the period. Institutional investors own 91.65% of the company’s stock.
A number of brokerages recently issued reports on SYMC. Credit Suisse Group began coverage on Symantec Corporation in a research report on Tuesday, September 5th. They set an “outperform” rating and a $36.00 price objective for the company. Zacks Investment Research upgraded shares of Symantec Corporation from a “strong sell” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Tuesday, July 11th. Robert W. Baird reaffirmed a “hold” rating and issued a $32.00 target price on shares of Symantec Corporation in a research report on Friday, September 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $37.00 target price on shares of Symantec Corporation in a research report on Thursday, July 13th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $27.00 target price on shares of Symantec Corporation in a research note on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $31.54.
In other Symantec Corporation news, Director Suzanne M. Vautrinot sold 2,500 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $32.81, for a total value of $82,025.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Amy L. Cappellanti-Wolf sold 2,163 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $29.85, for a total transaction of $64,565.55. Following the completion of the transaction, the senior vice president now owns 115,997 shares in the company, valued at approximately $3,462,510.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,689,850 shares of company stock valued at $49,248,699. 1.30% of the stock is owned by company insiders.
Shares of Symantec Corporation (NASDAQ:SYMC) traded down 0.55% during trading on Wednesday, hitting $32.84. 453,431 shares of the company were exchanged. The stock’s market cap is $20.12 billion. Symantec Corporation has a 12 month low of $22.76 and a 12 month high of $34.20. The company’s 50-day moving average price is $31.23 and its 200 day moving average price is $30.42.
Symantec Corporation (NASDAQ:SYMC) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. The company’s revenue for the quarter was up 38.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share. On average, equities analysts predict that Symantec Corporation will post $1.81 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Monday, August 21st were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Thursday, August 17th. Symantec Corporation’s dividend payout ratio is presently -49.18%.
Symantec Corporation Company 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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