Symantec Corporation (NASDAQ:SYMC) Shares Sold by Shufro Rose & Co. LLC
Shufro Rose & Co. LLC reduced its position in shares of Symantec Corporation (NASDAQ:SYMC) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 73,657 shares of the technology company’s stock after selling 448 shares during the period. Shufro Rose & Co. LLC’s holdings in Symantec Corporation were worth $2,081,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Westpac Banking Corp boosted its position in shares of Symantec Corporation by 69.2% in the first quarter. Westpac Banking Corp now owns 60,637 shares of the technology company’s stock worth $1,115,000 after buying an additional 24,805 shares during the period. Telemus Capital LLC boosted its position in shares of Symantec Corporation by 14.7% in the first quarter. Telemus Capital LLC now owns 32,375 shares of the technology company’s stock worth $993,000 after buying an additional 4,155 shares during the period. Kwmg LLC boosted its position in shares of Symantec Corporation by 61.0% in the first quarter. Kwmg LLC now owns 56,378 shares of the technology company’s stock worth $1,730,000 after buying an additional 21,367 shares during the period. Spirit of America Management Corp NY boosted its position in shares of Symantec Corporation by 9.9% in the second quarter. Spirit of America Management Corp NY now owns 26,200 shares of the technology company’s stock worth $740,000 after buying an additional 2,350 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Symantec Corporation by 76.5% in the first quarter. BNP Paribas Arbitrage SA now owns 513,068 shares of the technology company’s stock worth $15,741,000 after buying an additional 222,455 shares during the period. 93.40% of the stock is owned by institutional investors.
Shares of Symantec Corporation (NASDAQ SYMC) opened at 28.57 on Tuesday. The company’s market cap is $17.51 billion. The stock has a 50 day moving average of $29.58 and a 200 day moving average of $29.84. Symantec Corporation has a 52-week low of $21.98 and a 52-week high of $33.22.
Symantec Corporation (NASDAQ:SYMC) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 negative net margin of 8.68% and a positive return on equity of 10.73%. The firm’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same quarter last year, the company posted $0.29 EPS. On average, equities analysts anticipate that Symantec Corporation will post $1.80 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Monday, August 21st will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, August 17th. Symantec Corporation’s dividend payout ratio (DPR) is currently -49.18%.
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A number of research analysts have issued reports on SYMC shares. OTR Global raised shares of Symantec Corporation to a “positive” rating in a report on Friday, April 21st. Standpoint Research raised shares of Symantec Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Barclays PLC raised shares of Symantec Corporation from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $34.00 to $38.00 in a research note on Tuesday, May 30th. Zacks Investment Research cut shares of Symantec Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 16th. Finally, Morgan Stanley reissued an “overweight” rating and set a $37.00 price objective on shares of Symantec Corporation in a research note on Thursday, July 13th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $31.00.
In other Symantec Corporation news, Director Anita M. Sands sold 2,000 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $30.16, for a total transaction of $60,320.00. Following the sale, the director now owns 45,486 shares of the company’s stock, valued at approximately $1,371,857.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Suzanne M. Vautrinot sold 2,500 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $28.45, for a total transaction of $71,125.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,497,033 shares of company stock valued at $43,344,571 in the last quarter. 0.76% of the stock is currently owned by corporate insiders.
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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