Symantec Corporation (SYMC) EVP Francis C. Rosch Sells 4,749 Shares
Symantec Corporation (NASDAQ:SYMC) EVP Francis C. Rosch sold 4,749 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $29.71, for a total value of $141,092.79. Following the completion of the sale, the executive vice president now owns 285,026 shares of the company’s stock, valued at $8,468,122.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Francis C. Rosch also recently made the following trade(s):
- On Friday, September 1st, Francis C. Rosch sold 14,804 shares of Symantec Corporation stock. The stock was sold at an average price of $29.99, for a total value of $443,971.96.
Symantec Corporation (NASDAQ SYMC) traded up 3.37% during mid-day trading on Friday, hitting $31.63. The stock had a trading volume of 11,809,655 shares. The stock’s market cap is $19.38 billion. Symantec Corporation has a 1-year low of $22.76 and a 1-year high of $33.22. The firm’s 50-day moving average price is $29.68 and its 200-day moving average price is $29.95.
Symantec Corporation (NASDAQ:SYMC) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the business earned $0.29 EPS. The company’s revenue was up 38.9% compared to the same quarter last year. On average, equities analysts expect that Symantec Corporation will post $1.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Monday, August 21st will be paid a $0.075 dividend. The ex-dividend date is Thursday, August 17th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.95%. Symantec Corporation’s payout ratio is presently -49.18%.
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Several hedge funds and other institutional investors have recently made changes to their positions in SYMC. BlackRock Inc. boosted its stake in shares of Symantec Corporation by 2,815.1% in the 1st quarter. BlackRock Inc. now owns 40,975,309 shares of the technology company’s stock worth $1,257,121,000 after buying an additional 39,569,694 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Symantec Corporation by 1,784.9% in the 2nd quarter. Capital Research Global Investors now owns 14,305,855 shares of the technology company’s stock worth $404,140,000 after buying an additional 13,546,895 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Symantec Corporation by 10,624.9% in the 2nd quarter. Janus Henderson Group PLC now owns 9,578,167 shares of the technology company’s stock worth $270,583,000 after buying an additional 9,488,859 shares during the last quarter. CI Global Investments Inc. purchased a new position in shares of Symantec Corporation in the 2nd quarter worth approximately $186,563,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Symantec Corporation by 405.7% in the 2nd quarter. Renaissance Technologies LLC now owns 4,857,838 shares of the technology company’s stock worth $137,234,000 after buying an additional 3,897,200 shares during the last quarter. Hedge funds and other institutional investors own 91.72% of the company’s stock.
Several equities research analysts have issued reports on SYMC shares. First Analysis upgraded Symantec Corporation from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $28.00 to $40.00 in a report on Thursday, May 11th. Robert W. Baird restated a “hold” rating on shares of Symantec Corporation in a report on Thursday, May 11th. Stifel Nicolaus restated a “hold” rating and issued a $29.00 price target (up from $28.00) on shares of Symantec Corporation in a report on Thursday, May 11th. Citigroup Inc. reaffirmed a “neutral” rating and set a $31.00 price objective (up from $29.00) on shares of Symantec Corporation in a research report on Thursday, May 11th. Finally, Jefferies Group LLC upped their price objective on Symantec Corporation from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, May 11th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. Symantec Corporation has an average rating of “Hold” and an average price target of $31.30.
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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