Symantec Corporation (NASDAQ:SYMC) EVP Francis C. Rosch sold 14,804 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $29.99, for a total transaction of $443,971.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Symantec Corporation (NASDAQ:SYMC) traded down 0.70% during trading on Wednesday, hitting $29.60. 6,076,228 shares of the stock were exchanged. The firm’s 50-day moving average is $29.72 and its 200 day moving average is $29.95. The company’s market cap is $18.14 billion. Symantec Corporation has a 1-year low of $22.76 and a 1-year high of $33.22.

Symantec Corporation (NASDAQ:SYMC) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.15 EPS for the quarter, topping the Zacks’ 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 during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the business 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 analysts forecast that Symantec Corporation will post $1.81 earnings per share for the current fiscal year.

The business 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. 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 1.01%. Symantec Corporation’s dividend payout ratio (DPR) is -49.18%.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. IFP Advisors Inc lifted its holdings in shares of Symantec Corporation by 0.3% during 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 in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Symantec Corporation by 1.2% during the second quarter. Bessemer Group Inc. now owns 9,311 shares of the technology company’s stock worth $263,000 after buying an additional 106 shares in the last quarter. Mason Street Advisors LLC lifted its holdings in shares of Symantec Corporation by 0.3% during the first quarter. Mason Street Advisors LLC now owns 85,518 shares of the technology company’s stock worth $2,624,000 after buying an additional 237 shares in the last quarter. Wetherby Asset Management Inc. lifted its holdings in shares of Symantec Corporation by 2.8% during the second quarter. Wetherby Asset Management Inc. now owns 8,885 shares of the technology company’s stock worth $251,000 after buying an additional 246 shares in the last quarter. Finally, Greenwood Capital Associates LLC lifted its holdings in shares of Symantec Corporation by 1.7% during the first quarter. Greenwood Capital Associates LLC now owns 15,210 shares of the technology company’s stock worth $467,000 after buying an additional 255 shares in the last quarter. 91.72% of the stock is owned by institutional investors.

Several research firms have commented on SYMC. UBS AG downgraded shares of Symantec Corporation from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $31.00 to $33.00 in a research report on Thursday, May 18th. Robert W. Baird reissued a “hold” rating on shares of Symantec Corporation in a research report on Saturday, June 10th. Evercore ISI set a $25.00 target price on shares of Symantec Corporation and gave the stock a “hold” rating in a research report on Saturday, June 10th. Moffett Nathanson began coverage on shares of Symantec Corporation in a research report on Wednesday. They issued a “neutral” rating for the company. Finally, Zacks Investment Research raised shares of Symantec Corporation from a “strong sell” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $31.20.

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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