Symantec Corporation (NASDAQ:SYMC) Director Anita M. Sands sold 2,000 shares of the business’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $30.00, for a total value of $60,000.00. Following the completion of the sale, the director now directly owns 43,386 shares of the company’s stock, valued at $1,301,580. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Symantec Corporation (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. Symantec Corporation has a one year low of $20.47 and a one year high of $33.22. The firm’s market cap is $17.58 billion.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Monday, August 21st will be issued a $0.075 dividend. The ex-dividend date is Thursday, August 17th. This represents a $0.30 annualized dividend and a yield of 1.04%. Symantec Corporation’s dividend payout ratio is currently -49.18%.

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A number of large investors have recently bought and sold shares of SYMC. Westpac Banking Corp raised its stake in Symantec Corporation by 69.2% in the first quarter. Westpac Banking Corp now owns 60,637 shares of the technology company’s stock valued at $1,115,000 after buying an additional 24,805 shares during the period. Telemus Capital LLC raised its stake in Symantec Corporation by 14.7% in the first quarter. Telemus Capital LLC now owns 32,375 shares of the technology company’s stock valued at $993,000 after buying an additional 4,155 shares during the period. Kwmg LLC raised its stake in Symantec Corporation by 61.0% in the first quarter. Kwmg LLC now owns 56,378 shares of the technology company’s stock valued at $1,730,000 after buying an additional 21,367 shares during the period. Dodge & Cox purchased a new stake in Symantec Corporation during the fourth quarter valued at $180,155,000. Finally, Spirit of America Management Corp NY increased its stake in shares of Symantec Corporation by 9.9% in the second quarter. Spirit of America Management Corp NY now owns 26,200 shares of the technology company’s stock valued at $740,000 after buying an additional 2,350 shares in the last quarter. Institutional investors own 93.82% of the company’s stock.

Several research firms have commented on SYMC. Barclays PLC reaffirmed an “overweight” rating and set a $36.00 price objective (down from $38.00) on shares of Symantec Corporation in a research note on Thursday, August 3rd. Zacks Investment Research downgraded Symantec Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 16th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $32.00 price objective on shares of Symantec Corporation in a research note on Monday, July 31st. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $35.00 price objective (up from $33.00) on shares of Symantec Corporation in a research note on Friday. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $27.00 price objective on shares of Symantec Corporation in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $31.00.

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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