Shares of Symantec Corporation (NASDAQ:SYMC) have received an average recommendation of “Hold” from the twenty-seven analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $32.41.

SYMC has been the topic of several research reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $32.00 price objective on shares of Symantec Corporation in a report on Monday, July 31st. Robert W. Baird reaffirmed a “hold” rating on shares of Symantec Corporation in a report on Thursday, August 3rd. Evercore ISI set a $25.00 price objective on Symantec Corporation and gave the stock a “hold” rating in a report on Thursday, August 3rd. Barclays PLC reaffirmed an “overweight” rating and set a $36.00 price objective (down previously from $38.00) on shares of Symantec Corporation in a report on Thursday, August 3rd. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $31.00 price objective (down previously from $33.00) on shares of Symantec Corporation in a report on Thursday, August 3rd.

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In related news, SVP Amy L. Cappellanti-Wolf sold 2,163 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $29.85, for a total value of $64,565.55. Following the completion of the transaction, the senior vice president now directly owns 115,997 shares of the company’s stock, valued at approximately $3,462,510.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Nicholas R. Noviello sold 375,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $29.38, for a total transaction of $11,017,500.00. Following the completion of the transaction, the chief financial officer now directly owns 565,319 shares of the company’s stock, valued at $16,609,072.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 671,985 shares of company stock valued at $20,028,343. Company insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in SYMC. Capstone Asset Management Co. boosted its stake in Symantec Corporation by 2.1% in the 2nd quarter. Capstone Asset Management Co. now owns 51,974 shares of the technology company’s stock worth $1,468,000 after purchasing an additional 1,081 shares during the period. Bank of Montreal Can boosted its stake in Symantec Corporation by 11.2% in the 2nd quarter. Bank of Montreal Can now owns 312,016 shares of the technology company’s stock worth $8,813,000 after purchasing an additional 31,430 shares during the period. Creative Planning boosted its stake in Symantec Corporation by 2.4% in the 2nd quarter. Creative Planning now owns 51,154 shares of the technology company’s stock worth $1,445,000 after purchasing an additional 1,178 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in Symantec Corporation by 505.5% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 100,670 shares of the technology company’s stock worth $2,844,000 after purchasing an additional 84,044 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its stake in Symantec Corporation by 2.2% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 377,821 shares of the technology company’s stock worth $10,673,000 after purchasing an additional 8,300 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Shares of Symantec Corporation (NASDAQ:SYMC) traded down $0.24 on Monday, hitting $28.04. The stock had a trading volume of 3,490,000 shares, compared to its average volume of 5,880,000. The firm has a market cap of $17,380.00, a P/E ratio of 44.60, a P/E/G ratio of 2.84 and a beta of 1.12. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.72. Symantec Corporation has a fifty-two week low of $23.20 and a fifty-two week high of $34.20.

Symantec Corporation (NASDAQ:SYMC) last announced its earnings results on Wednesday, November 1st. The technology company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.26 by $0.14. Symantec Corporation had a positive return on equity of 12.33% and a negative net margin of 5.29%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the business earned $0.30 EPS. Symantec Corporation’s revenue was up 25.7% compared to the same quarter last year. sell-side analysts anticipate that Symantec Corporation will post 1.05 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Monday, November 20th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Friday, November 17th. Symantec Corporation’s dividend payout ratio is currently -51.72%.

Symantec Corporation Company Profile

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.

Analyst Recommendations for Symantec Corporation (NASDAQ:SYMC)

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