Symantec Corporation (SYMC) Position Maintained by Meiji Yasuda Asset Management Co Ltd.
Meiji Yasuda Asset Management Co Ltd. continued to hold its stake in Symantec Corporation (NASDAQ:SYMC) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,292 shares of the technology company’s stock at the end of the second quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Symantec Corporation were worth $319,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. SpiderRock Advisors LLC bought a new stake in Symantec Corporation during the first quarter valued at about $261,000. DekaBank Deutsche Girozentrale increased its stake in Symantec Corporation by 28.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 208,762 shares of the technology company’s stock valued at $6,449,000 after buying an additional 46,842 shares during the period. Minneapolis Portfolio Management Group LLC increased its stake in Symantec Corporation by 1.5% in the first quarter. Minneapolis Portfolio Management Group LLC now owns 1,130,194 shares of the technology company’s stock valued at $34,674,000 after buying an additional 16,287 shares during the period. First Trust Advisors LP increased its stake in Symantec Corporation by 25.1% in the first quarter. First Trust Advisors LP now owns 3,201,595 shares of the technology company’s stock valued at $98,225,000 after buying an additional 642,507 shares during the period. Finally, Chicago Equity Partners LLC increased its stake in Symantec Corporation by 5.1% in the first quarter. Chicago Equity Partners LLC now owns 1,281,120 shares of the technology company’s stock valued at $39,305,000 after buying an additional 62,655 shares during the period. Institutional investors own 91.76% of the company’s stock.
Symantec Corporation (SYMC) opened at 29.89 on Thursday. The stock has a 50 day moving average price of $29.68 and a 200-day moving average price of $29.87. The firm’s market capitalization is $18.32 billion. Symantec Corporation has a one year low of $22.76 and a one year 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 (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the firm posted $0.29 EPS. The firm’s revenue was up 38.9% compared to the same quarter last year. On average, equities analysts forecast that Symantec Corporation will post $1.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Monday, August 21st will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, August 17th. Symantec Corporation’s dividend payout ratio is currently -49.18%.
Several analysts recently weighed in on the company. Robert W. Baird restated a “hold” rating on shares of Symantec Corporation in a research note on Thursday, May 11th. First Analysis upgraded Symantec Corporation from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $28.00 to $40.00 in a research note on Thursday, May 11th. Zacks Investment Research upgraded Symantec Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. MKM Partners restated a “neutral” rating and set a $30.00 target price (up previously from $26.00) on shares of Symantec Corporation in a research note on Monday, May 15th. Finally, Jefferies Group LLC increased their target price on Symantec Corporation from $29.00 to $31.00 and gave the company a “hold” rating in a research note 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 company. The stock currently has a consensus rating of “Hold” and an average price target of $31.00.
In other news, Director Suzanne M. Vautrinot sold 2,500 shares of Symantec Corporation stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $28.45, for a total transaction of $71,125.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael David Fey sold 1,348,831 shares of Symantec Corporation stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $28.84, for a total transaction of $38,900,286.04. Following the sale, the insider now directly owns 1,605,757 shares of the company’s stock, valued at $46,310,031.88. The disclosure for this sale can be found here. Insiders have sold a total of 1,676,205 shares of company stock valued at $48,743,050 over the last ninety days. 1.30% of the stock is currently owned by insiders.
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.
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