Symantec Corp. (NASDAQ:SYMC) insider Michael David Fey sold 13,214 shares of the business’s stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of $24.40, for a total transaction of $322,421.60. Following the sale, the insider now owns 288,953 shares of the company’s stock, valued at $7,050,453.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Symantec Corp. (NASDAQ:SYMC) traded up 0.12% during trading on Tuesday, hitting $24.22. 8,454,910 shares of the stock traded hands. Symantec Corp. has a 52 week low of $16.14 and a 52 week high of $25.72. The firm’s 50-day moving average is $24.81 and its 200 day moving average is $20.77. The stock has a market cap of $14.91 billion, a P/E ratio of 6.32 and a beta of 1.10.

Symantec Corp. (NASDAQ:SYMC) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.04. Symantec Corp. had a net margin of 60.18% and a return on equity of 13.56%. The firm had revenue of $884 million for the quarter, compared to the consensus estimate of $876.96 million. During the same quarter in the previous year, the company earned $0.40 earnings per share. The business’s revenue was down 3.1% compared to the same quarter last year. Equities research analysts forecast that Symantec Corp. will post $1.12 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Symantec Corp. (NASDAQ:SYMC)

Several research analysts have recently weighed in on the stock. Goldman Sachs Group Inc. restated a “buy” rating and issued a $26.00 target price on shares of Symantec Corp. in a research note on Monday, August 15th. Guggenheim assumed coverage on shares of Symantec Corp. in a research note on Wednesday, September 14th. They issued a “buy” rating and a $30.00 target price for the company. Piper Jaffray Cos. restated an “overweight” rating and issued a $27.00 target price (up from $24.00) on shares of Symantec Corp. in a research note on Monday, August 8th. Jefferies Group restated a “hold” rating and issued a $20.00 target price (up from $17.00) on shares of Symantec Corp. in a research note on Tuesday, August 2nd. Finally, Citigroup Inc. upgraded shares of Symantec Corp. from a “neutral” rating to a “buy” rating and upped their target price for the company from $7.50 to $26.50 in a research note on Friday, August 19th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $24.87.

Large investors have recently bought and sold shares of the company. Orbis Allan Gray Ltd bought a new position in shares of Symantec Corp. during the first quarter worth about $79,811,000. Beutel Goodman & Co Ltd. boosted its position in shares of Symantec Corp. by 9.7% in the second quarter. Beutel Goodman & Co Ltd. now owns 7,988,451 shares of the company’s stock worth $126,130,000 after buying an additional 709,147 shares during the last quarter. Elliott Management Corp boosted its position in shares of Symantec Corp. by 130.5% in the first quarter. Elliott Management Corp now owns 11,527,275 shares of the company’s stock worth $211,871,000 after buying an additional 6,527,275 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Symantec Corp. by 0.9% in the first quarter. Legal & General Group Plc now owns 3,003,016 shares of the company’s stock worth $55,193,000 after buying an additional 27,987 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Symantec Corp. during the first quarter worth about $658,000. Hedge funds and other institutional investors own 95.15% of the company’s stock.

Symantec Corp. Company Profile

Symantec Corporation provides security and information management solutions. The Company operates its business on a global civilian cyber intelligence threat network and tracks various threats across the Internet from mobile devices, endpoints, and servers across the world. It is developing solutions for cloud, threat protection, information protection and cyber security services.

5 Day Chart for NASDAQ:SYMC

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