Schroder Investment Management Group Sells 1,800 Shares of Symantec Corporation (SYMC)
Schroder Investment Management Group decreased its holdings in Symantec Corporation (NASDAQ:SYMC) by 25.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,200 shares of the technology company’s stock after selling 1,800 shares during the period. Schroder Investment Management Group’s holdings in Symantec were worth $172,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. increased its stake in shares of Symantec by 1.2% in the second quarter. Bessemer Group Inc. now owns 9,311 shares of the technology company’s stock worth $263,000 after purchasing an additional 106 shares in the last quarter. Blair William & Co. IL increased its stake in shares of Symantec by 2.2% in the second quarter. Blair William & Co. IL now owns 13,309 shares of the technology company’s stock worth $376,000 after purchasing an additional 291 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Symantec by 7.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,982 shares of the technology company’s stock worth $112,000 after purchasing an additional 292 shares in the last quarter. Johnson Financial Group Inc. boosted its position in shares of Symantec by 6.2% in the second quarter. Johnson Financial Group Inc. now owns 5,596 shares of the technology company’s stock valued at $158,000 after acquiring an additional 325 shares during the period. Finally, Thrivent Financial For Lutherans boosted its position in shares of Symantec by 2.8% in the second quarter. Thrivent Financial For Lutherans now owns 23,749 shares of the technology company’s stock valued at $671,000 after acquiring an additional 645 shares during the period. Hedge funds and other institutional investors own 94.74% of the company’s stock.
SYMC has been the subject of a number of analyst reports. Piper Jaffray Companies restated a “buy” rating and issued a $40.00 price objective on shares of Symantec in a research report on Tuesday, September 12th. Barclays restated a “buy” rating and issued a $36.00 price objective on shares of Symantec in a research report on Thursday, November 2nd. Morgan Stanley lowered shares of Symantec from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $37.00 to $34.00 in a research report on Tuesday, October 10th. Standpoint Research lowered shares of Symantec from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Finally, BidaskClub upgraded shares of Symantec from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $32.29.
Symantec (NASDAQ:SYMC) last announced its earnings results on Wednesday, November 1st. The technology company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.14. Symantec had a negative net margin of 5.29% and a positive return on equity of 12.33%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business posted $0.30 earnings per share. Symantec’s revenue for the quarter was up 25.7% on a year-over-year basis. equities research analysts anticipate that Symantec Corporation will post 1.05 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Monday, November 20th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.30 annualized dividend and a yield of 1.06%. Symantec’s payout ratio is presently -75.00%.
In other news, Director Suzanne M. Vautrinot sold 2,500 shares of the business’s stock in a transaction that occurred 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott C. Taylor sold 10,622 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $32.83, for a total transaction of $348,720.26. Following the completion of the sale, the executive vice president now owns 232,609 shares of the company’s stock, valued at $7,636,553.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 445,225 shares of company stock valued at $13,014,010. 1.30% of the stock is currently owned by company insiders.
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Symantec Company Profile
Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection and cyber security services. 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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