Symantec Corporation (SYMC) Position Lowered by Ray Gerald L & Associates Ltd.
Ray Gerald L & Associates Ltd. lowered its position in shares of Symantec Corporation (NASDAQ:SYMC) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 36,147 shares of the technology company’s stock after selling 270 shares during the period. Ray Gerald L & Associates Ltd.’s holdings in Symantec Corporation were worth $1,021,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Minneapolis Portfolio Management Group LLC boosted its stake in Symantec Corporation by 1.5% in the first quarter. Minneapolis Portfolio Management Group LLC now owns 1,130,194 shares of the technology company’s stock worth $34,674,000 after buying an additional 16,287 shares during the last quarter. First Trust Advisors LP boosted its stake in Symantec Corporation by 25.1% in the first quarter. First Trust Advisors LP now owns 3,201,595 shares of the technology company’s stock worth $98,225,000 after buying an additional 642,507 shares during the last quarter. Chicago Equity Partners LLC boosted its stake in Symantec Corporation by 5.1% in the first quarter. Chicago Equity Partners LLC now owns 1,281,120 shares of the technology company’s stock worth $39,305,000 after buying an additional 62,655 shares during the last quarter. ING Groep NV boosted its stake in Symantec Corporation by 179.9% in the first quarter. ING Groep NV now owns 32,119 shares of the technology company’s stock worth $985,000 after buying an additional 20,644 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in Symantec Corporation by 39.2% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 281,636 shares of the technology company’s stock worth $8,641,000 after buying an additional 79,353 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.
Shares of Symantec Corporation (NASDAQ:SYMC) opened at 29.69 on Wednesday. The company’s market capitalization is $18.19 billion. Symantec Corporation has a 12 month low of $22.76 and a 12 month high of $33.22. The stock’s 50 day moving average is $29.68 and its 200 day moving average is $29.87.
Symantec Corporation (NASDAQ:SYMC) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.03. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate 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 revenue was up 38.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 EPS. On average, equities analysts predict that Symantec Corporation will post $1.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Monday, August 21st will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Thursday, August 17th. Symantec Corporation’s dividend payout ratio (DPR) is presently -49.18%.
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A number of research firms have recently commented on SYMC. Robert W. Baird reiterated a “hold” rating on shares of Symantec Corporation in a report on Thursday, May 11th. First Analysis upgraded shares of Symantec Corporation from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $28.00 to $40.00 in a report on Thursday, May 11th. Zacks Investment Research upgraded shares of Symantec Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. MKM Partners restated a “neutral” rating and issued a $30.00 target price (up previously from $26.00) on shares of Symantec Corporation in a report on Monday, May 15th. Finally, Jefferies Group LLC raised their target price on shares of Symantec Corporation from $29.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the company. Symantec Corporation has an average rating of “Hold” and a consensus target price of $31.00.
In other news, CEO Gregory S. Clark sold 186,433 shares of Symantec Corporation stock in a transaction on Monday, August 28th. The stock was sold at an average price of $30.00, for a total transaction of $5,592,990.00. Following the completion of the transaction, the chief executive officer now owns 1,321,671 shares of the company’s stock, valued at approximately $39,650,130. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Amy L. Cappellanti-Wolf sold 3,741 shares of Symantec Corporation stock in a transaction on Monday, June 5th. The stock was sold at an average price of $29.91, for a total value of $111,893.31. Following the transaction, the senior vice president now directly owns 88,774 shares of the company’s stock, valued at approximately $2,655,230.34. The disclosure for this sale can be found here. Insiders have sold a total of 1,676,205 shares of company stock valued at $48,743,050 in the last ninety days. Corporate insiders own 1.30% 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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