Symantec Corporation (NASDAQ:SYMC) gapped down prior to trading on Thursday . The stock had previously closed at $28.55, but opened at $27.52. Symantec shares last traded at $27.25, with a volume of 12557290 shares trading hands.

A number of equities research analysts recently weighed in on SYMC shares. Morgan Stanley reduced 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. CIBC reissued an “outperform” rating and issued a $33.00 price target (down from $35.00) on shares of Symantec in a research report on Thursday, November 2nd. Barclays reaffirmed a “buy” rating and issued a $36.00 target price on shares of Symantec in a report on Thursday, November 2nd. Oppenheimer reduced their target price on shares of Symantec from $35.00 to $33.00 and set an “outperform” rating for the company in a report on Thursday, November 2nd. Finally, Zacks Investment Research cut shares of Symantec from a “hold” rating to a “sell” rating in a report on Monday, October 9th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $32.29.

The company has a debt-to-equity ratio of 1.72, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $16,890.00, a P/E ratio of -46.98, a PEG ratio of 2.81 and a beta of 1.07.

Symantec (NASDAQ:SYMC) last issued its earnings results on Wednesday, November 1st. The technology company reported $0.40 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business posted $0.30 earnings per share. The firm’s revenue for the quarter was up 25.7% compared to the same quarter last year. sell-side analysts expect that Symantec Corporation will post 1.05 earnings per share for the current fiscal year.

In other Symantec news, CFO Nicholas R. Noviello sold 375,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $29.38, for a total transaction of $11,017,500.00. Following the transaction, the chief financial officer now directly owns 565,319 shares in the company, valued at $16,609,072.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Francis C. Rosch sold 57,103 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $27.42, for a total transaction of $1,565,764.26. Following the transaction, the executive vice president now owns 325,026 shares in the company, valued at $8,912,212.92. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Oakbrook Investments LLC grew its position in Symantec by 14.6% during the fourth quarter. Oakbrook Investments LLC now owns 58,670 shares of the technology company’s stock worth $1,646,000 after buying an additional 7,490 shares during the period. Schwab Charles Investment Management Inc. grew its position in Symantec by 3.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,322,932 shares of the technology company’s stock worth $65,182,000 after buying an additional 71,267 shares during the period. National Pension Service grew its position in Symantec by 2.6% during the fourth quarter. National Pension Service now owns 666,543 shares of the technology company’s stock worth $18,703,000 after buying an additional 16,672 shares during the period. Bank of Montreal Can grew its position in Symantec by 35.5% during the fourth quarter. Bank of Montreal Can now owns 428,723 shares of the technology company’s stock worth $12,030,000 after buying an additional 112,236 shares during the period. Finally, Clean Yield Group grew its position in Symantec by 10.3% during the fourth quarter. Clean Yield Group now owns 162,450 shares of the technology company’s stock worth $4,558,000 after buying an additional 15,130 shares during the period. Institutional investors own 94.85% of the company’s stock.

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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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