Amy L. Cappellanti-Wolf Sells 4,496 Shares of Symantec Corporation (SYMC) Stock
Symantec Corporation (NASDAQ:SYMC) SVP Amy L. Cappellanti-Wolf sold 4,496 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $32.88, for a total value of $147,828.48. Following the completion of the transaction, the senior vice president now owns 108,411 shares of the company’s stock, valued at approximately $3,564,553.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Symantec Corporation (SYMC) opened at 33.24 on Friday. The stock’s market cap is $20.37 billion. The stock has a 50 day moving average price of $29.97 and a 200-day moving average price of $30.12. Symantec Corporation has a 12 month low of $22.76 and a 12 month high of $34.17.
Symantec Corporation (NASDAQ:SYMC) last posted 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 positive return on equity of 10.73% and a negative net margin of 8.68%. The company 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 quarterly revenue was up 38.9% compared to the same quarter last year. On average, analysts expect that Symantec Corporation will post $1.81 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 21st were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Thursday, August 17th. Symantec Corporation’s dividend payout ratio is presently -49.18%.
Several research firms have issued reports on SYMC. Piper Jaffray Companies reiterated a “buy” rating and issued a $40.00 price objective on shares of Symantec Corporation in a research report on Tuesday, September 12th. Robert W. Baird reiterated a “hold” rating and issued a $32.00 price objective on shares of Symantec Corporation in a research report on Friday, September 8th. Moffett Nathanson began coverage on Symantec Corporation in a research report on Wednesday, September 6th. They issued a “neutral” rating and a $33.00 price objective for the company. Credit Suisse Group began coverage on Symantec Corporation in a research report on Tuesday, September 5th. They issued an “outperform” rating and a $36.00 price objective for the company. Finally, BidaskClub upgraded Symantec Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $31.54.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Capital World Investors raised its stake in shares of Symantec Corporation by 3.7% in the 2nd quarter. Capital World Investors now owns 75,819,338 shares of the technology company’s stock worth $2,141,896,000 after buying an additional 2,695,567 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Symantec Corporation by 1.3% during the second quarter. Vanguard Group Inc. now owns 61,195,217 shares of the technology company’s stock worth $1,728,766,000 after purchasing an additional 757,092 shares during the period. BlackRock Inc. raised its position in shares of Symantec Corporation by 2,815.1% during the first quarter. BlackRock Inc. now owns 40,975,309 shares of the technology company’s stock worth $1,257,121,000 after purchasing an additional 39,569,694 shares during the period. State Street Corp raised its position in shares of Symantec Corporation by 1.7% during the first quarter. State Street Corp now owns 27,978,710 shares of the technology company’s stock worth $858,386,000 after purchasing an additional 464,913 shares during the period. Finally, Jackson Square Partners LLC raised its position in shares of Symantec Corporation by 5.0% during the second quarter. Jackson Square Partners LLC now owns 20,071,586 shares of the technology company’s stock worth $567,022,000 after purchasing an additional 964,537 shares during the period. 91.72% of the stock is currently owned by institutional investors.
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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