GSA Capital Partners LLP purchased a new stake in Symantec Corporation (NASDAQ:SYMC) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 207,119 shares of the technology company’s stock, valued at approximately $5,851,000. Symantec Corporation makes up about 0.4% of GSA Capital Partners LLP’s investment portfolio, making the stock its 4th largest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bessemer Group Inc. increased its stake in Symantec Corporation by 1.2% in the second quarter. Bessemer Group Inc. now owns 9,311 shares of the technology company’s stock valued at $263,000 after purchasing an additional 106 shares in the last quarter. Mason Street Advisors LLC increased its stake in Symantec Corporation by 0.3% in the first quarter. Mason Street Advisors LLC now owns 85,518 shares of the technology company’s stock valued at $2,624,000 after purchasing an additional 237 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in Symantec Corporation by 2.8% in the second quarter. Wetherby Asset Management Inc. now owns 8,885 shares of the technology company’s stock valued at $251,000 after purchasing an additional 246 shares in the last quarter. Greenwood Capital Associates LLC increased its stake in Symantec Corporation by 1.7% in the first quarter. Greenwood Capital Associates LLC now owns 15,210 shares of the technology company’s stock valued at $467,000 after purchasing an additional 255 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake in Symantec Corporation by 1.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 20,120 shares of the technology company’s stock valued at $617,000 after purchasing an additional 290 shares in the last quarter. 91.65% of the stock is owned by hedge funds and other institutional investors.

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In related news, SVP Amy L. Cappellanti-Wolf sold 2,163 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $29.85, for a total value of $64,565.55. Following the transaction, the senior vice president now owns 115,997 shares of the company’s stock, valued at $3,462,510.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Suzanne M. Vautrinot sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $28.45, for a total transaction of $71,125.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,677,228 shares of company stock worth $48,822,058. 1.30% of the stock is currently owned by insiders.

Several equities research analysts have weighed in on SYMC shares. Moffett Nathanson started coverage on shares of Symantec Corporation in a research note on Wednesday, September 6th. They issued a “neutral” rating and a $33.00 price target for the company. Standpoint Research raised shares of Symantec Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Barclays PLC raised shares of Symantec Corporation from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $34.00 to $38.00 in a research note on Tuesday, May 30th. Credit Suisse Group started coverage on shares of Symantec Corporation in a research note on Tuesday, September 5th. They issued an “outperform” rating and a $36.00 price target for the company. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $32.00 price target on shares of Symantec Corporation in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirteen have assigned a buy rating to the stock. Symantec Corporation has an average rating of “Hold” and an average target price of $31.54.

Symantec Corporation (NASDAQ SYMC) traded up 0.74% on Tuesday, reaching $34.02. 1,881,466 shares of the company’s stock were exchanged. Symantec Corporation has a 52-week low of $22.76 and a 52-week high of $34.17. The firm’s 50 day moving average price is $30.05 and its 200 day moving average price is $30.17. The company’s market cap is $20.85 billion.

Symantec Corporation (NASDAQ:SYMC) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.15 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 firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business posted $0.29 earnings per share. The business’s revenue for the quarter was up 38.9% on a year-over-year basis. On average, analysts expect that Symantec Corporation will post $1.81 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Monday, August 21st were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Thursday, August 17th. Symantec Corporation’s payout ratio is -49.18%.

Symantec Corporation 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.

Institutional Ownership by Quarter for Symantec Corporation (NASDAQ:SYMC)

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