Symantec Corporation (SYMC) Holdings Cut by Keybank National Association OH
Keybank National Association OH decreased its stake in shares of Symantec Corporation (NASDAQ:SYMC) by 7.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,956 shares of the technology company’s stock after selling 5,097 shares during the period. Keybank National Association OH’s holdings in Symantec were worth $1,738,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Oakbrook Investments LLC boosted its stake in shares of Symantec by 99.7% during the 3rd quarter. Oakbrook Investments LLC now owns 51,180 shares of the technology company’s stock valued at $1,679,000 after purchasing an additional 25,550 shares in the last quarter. Lourd Capital LLC bought a new stake in shares of Symantec during the 4th quarter valued at about $325,000. Comerica Bank boosted its stake in shares of Symantec by 3.4% during the 3rd quarter. Comerica Bank now owns 153,203 shares of the technology company’s stock valued at $4,965,000 after purchasing an additional 5,105 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Symantec by 47.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 423,593 shares of the technology company’s stock valued at $13,898,000 after purchasing an additional 135,857 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its stake in shares of Symantec by 58.6% during the 3rd quarter. WINTON GROUP Ltd now owns 634,662 shares of the technology company’s stock valued at $20,823,000 after purchasing an additional 234,374 shares in the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.
Symantec Corporation (NASDAQ SYMC) opened at $27.55 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.13. The stock has a market cap of $17,080.00, a PE ratio of 105.96, a price-to-earnings-growth ratio of 3.15 and a beta of 0.89. Symantec Corporation has a twelve month low of $24.94 and a twelve month high of $34.20.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Tuesday, February 20th will be issued a $0.075 dividend. The ex-dividend date is Friday, February 16th. This represents a $0.30 annualized dividend and a yield of 1.09%. Symantec’s dividend payout ratio (DPR) is presently 115.38%.
A number of equities research analysts have recently weighed in on SYMC shares. Oppenheimer cut their target price on shares of Symantec from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday, November 2nd. CIBC reissued an “outperform” rating and set a $33.00 price target (down from $35.00) on shares of Symantec in a research report on Thursday, November 2nd. Barclays reissued a “buy” rating and set a $36.00 price target on shares of Symantec in a research report on Thursday, November 2nd. Evercore ISI reissued a “hold” rating and set a $25.00 price target on shares of Symantec in a research report on Thursday, November 2nd. Finally, Morgan Stanley lowered their price target on shares of Symantec from $34.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, November 3rd. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the stock. Symantec presently has a consensus rating of “Hold” and an average target price of $30.92.
In other Symantec news, EVP Francis C. Rosch sold 57,103 shares of Symantec stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $27.42, for a total value of $1,565,764.26. Following the completion of the transaction, the executive vice president now directly owns 325,026 shares of the company’s stock, valued at $8,912,212.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by 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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