Symantec Co. (SYMC) SVP Amy L. Cappellanti-Wolf Sells 18,321 Shares
Symantec Co. (NASDAQ:SYMC) SVP Amy L. Cappellanti-Wolf sold 18,321 shares of the company’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $23.05, for a total value of $422,299.05. Following the transaction, the senior vice president now directly owns 276,640 shares in the company, valued at approximately $6,376,552. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of SYMC opened at $23.15 on Friday. The stock has a market cap of $14.80 billion, a P/E ratio of 24.37, a P/E/G ratio of 2.51 and a beta of 1.05. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.02 and a current ratio of 1.02. Symantec Co. has a 52-week low of $17.42 and a 52-week high of $29.20.
Symantec (NASDAQ:SYMC) last issued its quarterly earnings data on Thursday, January 31st. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Symantec had a positive return on equity of 13.24% and a negative net margin of 0.86%. During the same quarter in the prior year, the firm posted $0.49 EPS. As a group, research analysts expect that Symantec Co. will post 1.16 EPS for the current year.
SYMC has been the topic of a number of recent research reports. BidaskClub cut Symantec from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. Zacks Investment Research raised Symantec from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Wednesday, January 30th. ValuEngine raised Symantec from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Evercore ISI reaffirmed a “hold” rating and set a $22.00 price target on shares of Symantec in a research report on Monday, February 4th. Finally, Wedbush upped their price target on Symantec from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, November 2nd. Two analysts have rated the stock with a sell rating, twenty have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $22.49.
A number of institutional investors and hedge funds have recently modified their holdings of SYMC. Starboard Value LP purchased a new stake in Symantec during the 3rd quarter worth about $521,398,000. Capital International Investors purchased a new stake in Symantec during the 3rd quarter worth about $222,769,000. CI Investments Inc. purchased a new stake in Symantec during the 4th quarter worth about $192,976,000. First Trust Advisors LP lifted its holdings in Symantec by 42.3% during the 3rd quarter. First Trust Advisors LP now owns 8,701,121 shares of the technology company’s stock worth $185,160,000 after purchasing an additional 2,584,507 shares in the last quarter. Finally, Bank of Nova Scotia lifted its holdings in Symantec by 299.8% during the 4th quarter. Bank of Nova Scotia now owns 2,858,792 shares of the technology company’s stock worth $54,015,000 after purchasing an additional 2,143,686 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: “Symantec Co. (SYMC) SVP Amy L. Cappellanti-Wolf Sells 18,321 Shares” was first published by Watch List News and is owned by of Watch List News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://www.watchlistnews.com/symantec-co-symc-svp-amy-l-cappellanti-wolf-sells-18321-shares/2828014.html.
Symantec Company Profile
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.
Recommended Story: Why Net Income is Important to Investors
Receive News & Ratings for Symantec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Symantec and related companies with MarketBeat.com's FREE daily email newsletter.