Symantec Corporation (SYMC) EVP Scott C. Taylor Sells 15,000 Shares
Symantec Corporation (NASDAQ:SYMC) EVP Scott C. Taylor sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $30.00, for a total value of $450,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Symantec Corporation (NASDAQ SYMC) opened at 29.69 on Wednesday. The stock’s market cap is $18.19 billion. The company’s 50-day moving average price is $29.68 and its 200-day moving average price is $29.87. Symantec Corporation has a 12 month low of $22.76 and a 12 month high of $33.22.
Symantec Corporation (NASDAQ:SYMC) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.15 earnings per share for the quarter, topping the 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 firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the company posted $0.29 EPS. The company’s quarterly revenue was up 38.9% compared to the same quarter last year. Equities analysts forecast that Symantec Corporation will post $1.81 earnings per share 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 given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, August 17th. Symantec Corporation’s payout ratio is -49.18%.
A number of institutional investors have recently bought and sold shares of the company. WINTON GROUP Ltd boosted its position in Symantec Corporation by 884.0% in the second quarter. WINTON GROUP Ltd now owns 400,288 shares of the technology company’s stock valued at $11,308,000 after buying an additional 359,607 shares during the last quarter. Verition Fund Management LLC purchased a new position in Symantec Corporation during the second quarter valued at $795,000. Martin & Co. Inc. TN boosted its position in Symantec Corporation by 0.8% in the second quarter. Martin & Co. Inc. TN now owns 207,285 shares of the technology company’s stock valued at $5,856,000 after buying an additional 1,575 shares during the last quarter. Scotia Capital Inc. boosted its position in Symantec Corporation by 5.5% in the second quarter. Scotia Capital Inc. now owns 26,613 shares of the technology company’s stock valued at $752,000 after buying an additional 1,385 shares during the last quarter. Finally, Nomura Holdings Inc. boosted its position in Symantec Corporation by 103.9% in the second quarter. Nomura Holdings Inc. now owns 46,974 shares of the technology company’s stock valued at $1,326,000 after buying an additional 1,259,070 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.
Several analysts have commented on SYMC shares. Zacks Investment Research raised Symantec Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. First Analysis raised Symantec Corporation from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $28.00 to $40.00 in a report on Thursday, May 11th. Robert W. Baird reissued a “hold” rating on shares of Symantec Corporation in a report on Thursday, May 11th. Stifel Nicolaus reissued a “hold” rating and issued a $29.00 price objective (up from $28.00) on shares of Symantec Corporation in a report on Thursday, May 11th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $31.00 price objective (up from $29.00) on shares of Symantec Corporation in a report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $31.00.
Symantec Corporation Company Profile
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.
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