Sumitomo Mitsui Trust Holdings Inc. decreased its stake in shares of Symantec Corp. (NASDAQ:SYMC) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,872,825 shares of the company’s stock after selling 12,042 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.31% of Symantec Corp. worth $38,468,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Charter Trust Co. raised its position in shares of Symantec Corp. by 0.5% in the second quarter. Charter Trust Co. now owns 17,824 shares of the company’s stock valued at $366,000 after buying an additional 93 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Symantec Corp. by 0.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 50,848 shares of the company’s stock valued at $1,044,000 after buying an additional 183 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of Symantec Corp. by 0.4% in the second quarter. Capstone Asset Management Co. now owns 52,031 shares of the company’s stock valued at $1,069,000 after buying an additional 193 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Symantec Corp. by 1.9% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,870 shares of the company’s stock valued at $470,000 after buying an additional 427 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of Symantec Corp. by 1.1% in the first quarter. Meeder Asset Management Inc. now owns 56,818 shares of the company’s stock valued at $1,043,000 after buying an additional 641 shares in the last quarter. Hedge funds and other institutional investors own 95.15% of the company’s stock.

Institutional Ownership by Quarter for Symantec Corp. (NASDAQ:SYMC)

Symantec Corp. (NASDAQ:SYMC) traded up 0.04% during trading on Wednesday, reaching $24.23. The company’s stock had a trading volume of 5,389,952 shares. Symantec Corp. has a 12 month low of $16.14 and a 12 month high of $25.72. The stock’s 50-day moving average is $24.81 and its 200 day moving average is $20.77. The company has a market cap of $14.92 billion, a P/E ratio of 6.32 and a beta of 1.10.

Symantec Corp. (NASDAQ:SYMC) last issued its earnings results on Thursday, August 4th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $876.96 million. During the same quarter last year, the business posted $0.40 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. On average, equities analysts forecast that Symantec Corp. will post $1.12 EPS for the current fiscal year.

Several equities analysts recently issued reports on the company. MKM Partners boosted their price target on Symantec Corp. from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, August 2nd. Evercore ISI raised Symantec Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. RBC Capital Markets reaffirmed an “outperform” rating and set a $25.00 price objective (up from $24.00) on shares of Symantec Corp. in a report on Friday, August 5th. Oppenheimer Holdings Inc. raised Symantec Corp. from a “market perform” rating to an “outperform” rating and set a $28.00 price objective on the stock in a report on Friday, August 5th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $24.00 price objective on shares of Symantec Corp. in a report on Tuesday, July 5th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the company. Symantec Corp. has a consensus rating of “Hold” and an average price target of $24.87.

In other news, SVP Amy L. Cappellanti-Wolf sold 15,474 shares of Symantec Corp. stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $24.88, for a total transaction of $384,993.12. Following the transaction, the senior vice president now owns 112,103 shares in the company, valued at $2,789,122.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Francis C. Rosch sold 3,336 shares of Symantec Corp. stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $24.88, for a total transaction of $82,999.68. Following the transaction, the executive vice president now owns 299,895 shares in the company, valued at approximately $7,461,387.60. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

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

Receive News & Stock Ratings for Symantec Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Symantec Corp. and related stocks with our FREE daily email newsletter.