Symantec Co. (SYMC) Director Sells $432,180.00 in Stock
Symantec Co. (NASDAQ:SYMC) Director Suzanne M. Vautrinot sold 18,000 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $24.01, for a total transaction of $432,180.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Symantec stock opened at $23.88 on Wednesday. The stock has a market capitalization of $15.49 billion, a P/E ratio of 25.14, a PEG ratio of 2.00 and a beta of 1.09. Symantec Co. has a 1 year low of $17.42 and a 1 year high of $29.20. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.75.
Symantec (NASDAQ:SYMC) last announced its quarterly earnings results on Thursday, January 31st. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.05. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Symantec had a negative net margin of 0.86% and a positive return on equity of 13.24%. During the same quarter in the previous year, the business posted $0.49 EPS. As a group, analysts expect that Symantec Co. will post 1.16 earnings per share for the current fiscal year.
A number of analysts have recently commented on SYMC shares. ValuEngine cut shares of Symantec from a “buy” rating to a “hold” rating in a report on Tuesday, December 25th. BidaskClub cut shares of Symantec from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Robert W. Baird restated a “hold” rating and set a $25.00 target price on shares of Symantec in a report on Friday, February 1st. Credit Suisse Group restated a “hold” rating and set a $23.00 target price on shares of Symantec in a report on Friday, February 1st. Finally, Zacks Investment Research cut shares of Symantec from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 5th. Two research analysts have rated the stock with a sell rating, twenty have given a hold rating and three have given a buy rating to the stock. Symantec has an average rating of “Hold” and an average target price of $22.94.
A number of institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue lifted its stake in Symantec by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 102,412 shares of the technology company’s stock valued at $2,354,000 after acquiring an additional 2,772 shares during the period. CX Institutional lifted its stake in Symantec by 133.1% during the 1st quarter. CX Institutional now owns 2,813 shares of the technology company’s stock valued at $65,000 after acquiring an additional 1,606 shares during the period. American Century Companies Inc. lifted its stake in Symantec by 4.4% during the 4th quarter. American Century Companies Inc. now owns 10,927 shares of the technology company’s stock valued at $206,000 after acquiring an additional 460 shares during the period. Norges Bank bought a new position in Symantec during the 4th quarter valued at about $97,166,000. Finally, Dimensional Fund Advisors LP lifted its stake in Symantec by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,607,248 shares of the technology company’s stock valued at $30,367,000 after acquiring an additional 53,755 shares during the period. Institutional investors own 89.90% of the company’s stock.
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Symantec Corporation provides cybersecurity products, services, and solutions worldwide. The company operates through two segments, Enterprise Security and Consumer Digital Safety. The Enterprise Security segment provides endpoint and information protection products, including endpoint security, advanced threat protection, and information protection solutions and their related support services; and network and Web security products, such as network security, Web security, and cloud security solutions and their related support services.
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