Symantec (NASDAQ:SYMC) had its price objective decreased by Barclays from $36.00 to $34.00 in a research report sent to investors on Thursday morning. Barclays currently has an overweight rating on the technology company’s stock.

Several other research analysts have also recently issued reports on SYMC. Cowen cut Symantec from a market perform rating to an underperform rating and set a $31.00 target price on the stock. in a research report on Monday, October 9th. Standpoint Research cut Symantec from a buy rating to a hold rating in a research report on Monday, October 9th. Zacks Investment Research cut Symantec from a hold rating to a sell rating in a research report on Monday, October 9th. Morgan Stanley cut Symantec from an overweight rating to an equal weight rating and dropped their target price for the stock from $37.00 to $34.00 in a research report on Tuesday, October 10th. Finally, Piper Jaffray Companies set a $40.00 target price on Symantec and gave the stock a buy rating in a research report on Sunday, October 15th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $30.76.

Symantec (SYMC) opened at $27.02 on Thursday. The stock has a market capitalization of $16,750.00, a PE ratio of 18.38, a price-to-earnings-growth ratio of 2.73 and a beta of 0.89. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.15 and a quick ratio of 1.12. Symantec has a 12-month low of $25.65 and a 12-month high of $34.20.

Symantec (NASDAQ:SYMC) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.05. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Symantec had a return on equity of 14.26% and a net margin of 22.24%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period last year, the firm posted $0.32 earnings per share. equities analysts anticipate that Symantec will post 0.2 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Tuesday, February 20th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, February 16th. Symantec’s dividend payout ratio (DPR) is currently 20.41%.

In other news, EVP Francis C. Rosch sold 57,103 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $27.42, for a total value of $1,565,764.26. Following the transaction, the executive vice president now owns 325,026 shares of the company’s stock, valued at $8,912,212.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. United Bank Inc. bought a new stake in Symantec during the 3rd quarter valued at approximately $200,000. Lenox Wealth Advisors Inc. bought a new stake in Symantec during the 4th quarter valued at approximately $224,000. Jaffetilchin Investment Partners LLC bought a new stake in Symantec during the 3rd quarter valued at approximately $225,000. Reilly Financial Advisors LLC raised its stake in Symantec by 223.5% during the 4th quarter. Reilly Financial Advisors LLC now owns 8,412 shares of the technology company’s stock valued at $236,000 after purchasing an additional 5,812 shares during the period. Finally, Whittier Trust Co. raised its stake in Symantec by 192.1% during the 3rd quarter. Whittier Trust Co. now owns 7,460 shares of the technology company’s stock valued at $245,000 after purchasing an additional 4,906 shares during the period. 94.86% of the stock is currently owned by hedge funds and other institutional investors.

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About Symantec

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.

Analyst Recommendations for Symantec (NASDAQ:SYMC)

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