California Public Employees Retirement System boosted its stake in Symantec Corporation (NASDAQ:SYMC) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,939,304 shares of the technology company’s stock after buying an additional 46,323 shares during the period. California Public Employees Retirement System owned 0.31% of Symantec worth $63,629,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. lifted its holdings in shares of Symantec by 1.2% during the second quarter. Bessemer Group Inc. now owns 9,311 shares of the technology company’s stock valued at $263,000 after purchasing an additional 106 shares during the last quarter. Wetherby Asset Management Inc. lifted its holdings in shares of Symantec by 2.8% during the second quarter. Wetherby Asset Management Inc. now owns 8,885 shares of the technology company’s stock valued at $251,000 after purchasing an additional 246 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of Symantec by 2.2% during the second quarter. Blair William & Co. IL now owns 13,309 shares of the technology company’s stock valued at $376,000 after purchasing an additional 291 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Symantec by 7.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,982 shares of the technology company’s stock valued at $112,000 after purchasing an additional 292 shares during the last quarter. Finally, Johnson Financial Group Inc. lifted its holdings in shares of Symantec by 6.2% during the second quarter. Johnson Financial Group Inc. now owns 5,596 shares of the technology company’s stock valued at $158,000 after purchasing an additional 325 shares during the last quarter. Institutional investors and hedge funds own 95.02% of the company’s stock.

In other Symantec news, EVP Francis C. Rosch sold 57,103 shares of Symantec stock in a transaction that occurred on 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 sale, the executive vice president now owns 325,026 shares of the company’s stock, valued at approximately $8,912,212.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Anita M. Sands sold 2,000 shares of Symantec stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $33.51, for a total transaction of $67,020.00. Following the completion of the sale, the director now directly owns 37,386 shares of the company’s stock, valued at approximately $1,252,804.86. The disclosure for this sale can be found here. In the last ninety days, insiders sold 447,225 shares of company stock valued at $13,081,030. 1.30% of the stock is currently owned by insiders.

Shares of Symantec Corporation (SYMC) opened at $28.63 on Thursday. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.12 and a quick ratio of 1.12. Symantec Corporation has a 1 year low of $23.77 and a 1 year high of $34.20. The company has a market cap of $18,115.88, a P/E ratio of 46.38, a price-to-earnings-growth ratio of 2.95 and a beta of 1.08.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Monday, November 20th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Friday, November 17th. Symantec’s dividend payout ratio (DPR) is presently -75.00%.

Several research firms have recently issued reports on SYMC. BidaskClub upgraded shares of Symantec from a “sell” rating to a “hold” rating in a report on Tuesday. Morgan Stanley lowered shares of Symantec from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $37.00 to $34.00 in a report on Tuesday, October 10th. Zacks Investment Research lowered shares of Symantec from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Piper Jaffray Companies restated a “buy” rating and issued a $40.00 price objective on shares of Symantec in a report on Tuesday, September 12th. Finally, Standpoint Research lowered shares of Symantec from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $32.39.

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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, 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.

Institutional Ownership by Quarter for Symantec (NASDAQ:SYMC)

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