Amalgamated Bank Has $2.05 Million Position in Symantec Corporation (SYMC)
Amalgamated Bank boosted its holdings in Symantec Corporation (NASDAQ:SYMC) by 66.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,617 shares of the technology company’s stock after purchasing an additional 28,896 shares during the period. Amalgamated Bank’s holdings in Symantec Corporation were worth $2,051,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in SYMC. UBS Asset Management Americas Inc. grew its position in Symantec Corporation by 10.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,229,361 shares of the technology company’s stock valued at $68,397,000 after purchasing an additional 217,935 shares in the last quarter. Ameriprise Financial Inc. grew its position in Symantec Corporation by 10.6% in the first quarter. Ameriprise Financial Inc. now owns 679,837 shares of the technology company’s stock valued at $20,856,000 after purchasing an additional 65,021 shares in the last quarter. Pioneer Investment Management Inc. bought a new position in Symantec Corporation in the first quarter valued at $1,351,000. State of Tennessee Treasury Department grew its position in Symantec Corporation by 21.5% in the first quarter. State of Tennessee Treasury Department now owns 458,212 shares of the technology company’s stock valued at $14,058,000 after purchasing an additional 81,165 shares in the last quarter. Finally, State of Wisconsin Investment Board grew its position in Symantec Corporation by 14.5% in the first quarter. State of Wisconsin Investment Board now owns 624,297 shares of the technology company’s stock valued at $19,153,000 after purchasing an additional 79,256 shares in the last quarter. 91.65% of the stock is owned by institutional investors and hedge funds.
SYMC has been the subject of a number of analyst reports. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $36.00 target price on shares of Symantec Corporation in a research report on Friday, June 9th. BidaskClub raised shares of Symantec Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. 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. Standpoint Research raised shares of Symantec Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $40.00 target price on shares of Symantec Corporation in a research report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the company’s stock. Symantec Corporation currently has an average rating of “Hold” and a consensus price target of $31.54.
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In other Symantec Corporation news, Director Suzanne M. Vautrinot sold 2,500 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $28.45, for a total transaction of $71,125.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Amy L. Cappellanti-Wolf sold 2,163 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $29.85, for a total transaction of $64,565.55. Following the transaction, the senior vice president now owns 115,997 shares of the company’s stock, valued at approximately $3,462,510.45. The disclosure for this sale can be found here. Insiders have sold 1,677,228 shares of company stock valued at $48,822,058 in the last quarter. Company insiders own 1.30% of the company’s stock.
Shares of Symantec Corporation (NASDAQ SYMC) opened at 33.77 on Tuesday. Symantec Corporation has a 52 week low of $22.76 and a 52 week high of $34.17. The firm has a 50-day moving average of $30.05 and a 200 day moving average of $30.17. The firm’s market cap is $20.69 billion.
Symantec Corporation (NASDAQ:SYMC) last issued 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. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. The company’s quarterly revenue was up 38.9% on a year-over-year basis. During the same quarter last year, the business earned $0.29 earnings per share. Equities research analysts predict that Symantec Corporation will post $1.81 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Monday, August 21st were given a dividend of $0.075 per share. The ex-dividend date was Thursday, August 17th. This represents a $0.30 dividend on an annualized basis and a yield of 0.89%. Symantec Corporation’s dividend payout ratio is presently -49.18%.
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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