UMB Bank N A MO increased its position in shares of Symantec Corporation (NASDAQ:SYMC) by 149.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,245 shares of the technology company’s stock after buying an additional 45,128 shares during the period. UMB Bank N A MO’s holdings in Symantec Corporation were worth $2,126,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SYMC. Gulf International Bank UK Ltd increased its stake in shares of Symantec Corporation by 5.2% in the first quarter. Gulf International Bank UK Ltd now owns 192,984 shares of the technology company’s stock worth $5,920,000 after buying an additional 9,600 shares in the last quarter. Spirit of America Management Corp NY increased its stake in shares of Symantec Corporation by 13.0% in the first quarter. Spirit of America Management Corp NY now owns 23,850 shares of the technology company’s stock worth $732,000 after buying an additional 2,750 shares in the last quarter. Parametrica Management Ltd bought a new stake in shares of Symantec Corporation during the first quarter worth $448,000. Hartwell J M Limited Partnership increased its stake in shares of Symantec Corporation by 9.1% in the first quarter. Hartwell J M Limited Partnership now owns 532,700 shares of the technology company’s stock worth $16,343,000 after buying an additional 44,650 shares in the last quarter. Finally, Reliance Trust Co. of Delaware bought a new stake in shares of Symantec Corporation during the first quarter worth $349,000. 93.82% of the stock is currently owned by institutional investors and hedge funds.

Symantec Corporation (NASDAQ:SYMC) opened at 28.29 on Friday. The stock’s market cap is $17.34 billion. Symantec Corporation has a 12 month low of $22.64 and a 12 month high of $33.22. The firm has a 50-day moving average price of $29.58 and a 200-day moving average price of $29.80.

Symantec Corporation (NASDAQ:SYMC) last released its quarterly earnings data 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 analysts’ expectations of $1.20 billion. Symantec Corporation had a positive return on equity of 10.73% and a negative net margin of 8.68%. The business’s quarterly revenue was up 38.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 EPS. Equities research analysts expect that Symantec Corporation will post $1.80 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Monday, August 21st will be given a dividend of $0.075 per share. The ex-dividend date is Thursday, August 17th. This represents a $0.30 annualized dividend and a dividend yield of 1.06%. Symantec Corporation’s dividend payout ratio is currently -49.18%.

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SYMC has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Symantec Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. OTR Global raised shares of Symantec Corporation to a “positive” rating in a research note on Friday, April 21st. First Analysis raised shares of Symantec Corporation from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $28.00 to $40.00 in a research note on Thursday, May 11th. Robert W. Baird reaffirmed a “hold” rating on shares of Symantec Corporation in a research note on Thursday, May 11th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $29.00 target price (up from $28.00) on shares of Symantec Corporation in a research note on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $31.00.

In related news, SVP Amy L. Cappellanti-Wolf sold 3,741 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $29.91, for a total value of $111,893.31. Following the completion of the sale, the senior vice president now directly owns 88,774 shares of the company’s stock, valued at approximately $2,655,230.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Anita M. Sands sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $30.16, for a total value of $60,320.00. Following the completion of the sale, the director now directly owns 45,486 shares of the company’s stock, valued at $1,371,857.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,537,774 shares of company stock valued at $44,666,616. Insiders own 0.76% of the company’s stock.

About Symantec Corporation

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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Institutional Ownership by Quarter for Symantec Corporation (NASDAQ:SYMC)

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