Symantec Corporation (NASDAQ:SYMC) EVP Scott C. Taylor sold 15,000 shares of the business’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $30.01, for a total value of $450,150.00. Following the sale, the executive vice president now directly owns 272,591 shares of the company’s stock, valued at $8,180,455.91. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Symantec Corporation (NASDAQ:SYMC) opened at 28.87 on Tuesday. The firm’s 50-day moving average price is $29.53 and its 200-day moving average price is $29.72. The firm’s market cap is $17.58 billion. Symantec Corporation has a 52-week low of $20.47 and a 52-week high of $33.22.

Symantec Corporation (NASDAQ:SYMC) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.03. Symantec Corporation had a positive return on equity of 10.73% and a negative net margin of 8.68%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the firm posted $0.29 earnings per share. The company’s revenue for the quarter was up 38.9% compared to the same quarter last year. Equities research analysts expect that Symantec Corporation will post $1.80 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Monday, August 21st will be paid a $0.075 dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $0.30 dividend on an annualized basis and a yield of 1.04%. Symantec Corporation’s dividend payout ratio (DPR) is presently -49.18%.

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Several analysts have weighed in on SYMC shares. Zacks Investment Research raised Symantec Corporation from a “strong sell” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Tuesday, July 11th. Barclays PLC raised Symantec Corporation from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $34.00 to $38.00 in a report on Tuesday, May 30th. Morgan Stanley reissued an “overweight” rating and set a $37.00 price objective on shares of Symantec Corporation in a report on Thursday, July 13th. BidaskClub raised Symantec Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $29.00 price objective (up from $28.00) on shares of Symantec Corporation in a report on Thursday, May 11th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.00.

Large investors have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new stake in shares of Symantec Corporation during the first quarter worth approximately $142,000. Johnson Financial Group Inc. boosted its stake in shares of Symantec Corporation by 8.0% in the first quarter. Johnson Financial Group Inc. now owns 5,271 shares of the technology company’s stock worth $162,000 after buying an additional 390 shares during the period. IFP Advisors Inc boosted its stake in shares of Symantec Corporation by 0.3% in the first quarter. IFP Advisors Inc now owns 6,283 shares of the technology company’s stock worth $193,000 after buying an additional 19 shares during the period. American Asset Management Inc. purchased a new stake in shares of Symantec Corporation during the first quarter worth approximately $207,000. Finally, Yakira Capital Management Inc. bought a new position in shares of Symantec Corporation during the first quarter valued at about $217,000. 93.82% of the stock is owned by hedge funds and other institutional investors.

About Symantec Corporation

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.

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

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