Crossmark Global Holdings Inc. acquired a new position in shares of Symantec Corporation (NASDAQ:SYMC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 52,511 shares of the technology company’s stock, valued at approximately $1,723,000.

Several other hedge funds have also recently modified their holdings of the business. Sumitomo Mitsui Asset Management Company LTD grew its holdings in shares of Symantec Corporation by 276.5% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 517,879 shares of the technology company’s stock worth $16,991,000 after purchasing an additional 380,313 shares during the last quarter. United Bank Inc. purchased a new position in shares of Symantec Corporation during the third quarter worth about $200,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Symantec Corporation by 6.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 27,997 shares of the technology company’s stock worth $919,000 after purchasing an additional 1,762 shares during the last quarter. Pictet Asset Management Ltd. grew its holdings in shares of Symantec Corporation by 38.9% during the third quarter. Pictet Asset Management Ltd. now owns 3,744,732 shares of the technology company’s stock worth $122,865,000 after purchasing an additional 1,049,100 shares during the last quarter. Finally, Calamos Advisors LLC grew its holdings in shares of Symantec Corporation by 3.8% during the third quarter. Calamos Advisors LLC now owns 90,983 shares of the technology company’s stock worth $2,985,000 after purchasing an additional 3,326 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

In other news, EVP Scott C. Taylor sold 15,000 shares of Symantec Corporation stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $30.00, for a total transaction of $450,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Suzanne M. Vautrinot sold 2,500 shares of Symantec Corporation stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $32.81, for a total transaction of $82,025.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 296,985 shares of company stock valued at $9,010,843. Insiders own 1.30% of the company’s stock.

Shares of Symantec Corporation (NASDAQ:SYMC) opened at $28.68 on Wednesday. Symantec Corporation has a 12-month low of $23.20 and a 12-month high of $34.20. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.02 and a current ratio of 1.12. The stock has a market cap of $17,917.48, a P/E ratio of 45.87, a PEG ratio of 2.45 and a beta of 1.13.

Symantec Corporation (NASDAQ:SYMC) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.14. Symantec Corporation had a negative net margin of 5.29% and a positive return on equity of 12.33%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the firm earned $0.30 EPS. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. sell-side analysts anticipate that Symantec Corporation will post 1.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Monday, November 20th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.05%. Symantec Corporation’s payout ratio is -75.00%.

Several equities analysts have issued reports on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $27.00 price objective on shares of Symantec Corporation in a report on Friday, November 3rd. Morgan Stanley dropped their price objective on Symantec Corporation from $34.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, November 3rd. Evercore ISI reissued a “hold” rating and set a $25.00 price target on shares of Symantec Corporation in a report on Thursday, November 2nd. Barclays PLC reissued a “buy” rating and set a $36.00 price target on shares of Symantec Corporation in a report on Thursday, November 2nd. Finally, CIBC reissued an “outperform” rating and set a $33.00 price target (down previously from $35.00) on shares of Symantec Corporation in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have issued a buy rating to the stock. Symantec Corporation presently has an average rating of “Hold” and a consensus target price of $32.39.

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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.

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

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