Sumitomo Mitsui Trust Holdings Inc. reduced its position in shares of Symantec Corporation (NASDAQ:SYMC) by 14.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,891,419 shares of the technology company’s stock after selling 314,202 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.31% of Symantec Corporation worth $62,057,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bessemer Group Inc. grew its stake in shares of Symantec Corporation by 1.2% during the 2nd 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 during the period. Wetherby Asset Management Inc. grew its stake in shares of Symantec Corporation by 2.8% during the 2nd 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 during the period. Blair William & Co. IL grew its stake in shares of Symantec Corporation by 2.2% during the 2nd quarter. Blair William & Co. IL now owns 13,309 shares of the technology company’s stock valued at $376,000 after purchasing an additional 291 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Symantec Corporation by 7.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,982 shares of the technology company’s stock valued at $112,000 after purchasing an additional 292 shares during the period. Finally, Johnson Financial Group Inc. grew its stake in shares of Symantec Corporation by 6.2% during the 2nd quarter. Johnson Financial Group Inc. now owns 5,596 shares of the technology company’s stock valued at $158,000 after purchasing an additional 325 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

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In other news, SVP Amy L. Cappellanti-Wolf sold 2,163 shares of the business’s stock in a transaction that occurred on 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Amy L. Cappellanti-Wolf sold 927 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $30.00, for a total value of $27,810.00. Following the transaction, the senior vice president now directly owns 112,907 shares in the company, valued at approximately $3,387,210. The disclosure for this sale can be found here. Insiders have sold a total of 671,985 shares of company stock worth $20,028,343 over the last ninety days. Insiders own 1.30% of the company’s stock.

Shares of Symantec Corporation (NASDAQ:SYMC) opened at $28.04 on Friday. The stock has a market capitalization of $17,384.29, a P/E ratio of 44.51, a PEG ratio of 2.83 and a beta of 1.13. Symantec Corporation has a twelve month low of $23.20 and a twelve month high of $34.20. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.72.

Symantec Corporation (NASDAQ:SYMC) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.14. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Symantec Corporation had a positive return on equity of 12.33% and a negative net margin of 5.29%. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. equities research analysts predict that Symantec Corporation will post 1.05 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Monday, November 20th will be issued a dividend of $0.075 per share. The ex-dividend date is Friday, November 17th. This represents a $0.30 annualized dividend and a dividend yield of 1.07%. Symantec Corporation’s dividend payout ratio (DPR) is -75.00%.

A number of research firms have issued reports on SYMC. Barclays PLC restated an “overweight” rating and set a $36.00 price target (down from $38.00) on shares of Symantec Corporation in a research note on Thursday, August 3rd. Evercore ISI set a $25.00 price target on Symantec Corporation and gave the company a “hold” rating in a research note on Thursday, August 3rd. Robert W. Baird restated a “hold” rating on shares of Symantec Corporation in a research note on Thursday, August 3rd. BidaskClub downgraded Symantec Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, Cowen and Company restated a “market perform” rating and set a $31.00 price target (down from $33.00) on shares of Symantec Corporation in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have given a buy rating to the stock. Symantec Corporation presently has a consensus rating of “Hold” and an average price target of $32.39.

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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