Commonwealth Equity Services Inc lessened its stake in Symantec Corporation (NASDAQ:SYMC) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,317 shares of the technology company’s stock after selling 1,946 shares during the period. Commonwealth Equity Services Inc’s holdings in Symantec Corporation were worth $1,650,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position 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 in the last quarter. Sun Life Financial INC boosted its position in shares of Symantec Corporation by 44,100.0% during the 2nd quarter. Sun Life Financial INC now owns 4,420 shares of the technology company’s stock valued at $125,000 after purchasing an additional 4,410 shares in the last quarter. Harfst & Associates Inc. bought a new stake in shares of Symantec Corporation during the 2nd quarter valued at about $127,000. Johnson Financial Group Inc. boosted its position 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 in the last quarter. Finally, United Bank Inc. bought a new stake in shares of Symantec Corporation during the 3rd quarter valued at about $200,000. Institutional investors own 85.64% of the company’s stock.

Shares of Symantec Corporation (SYMC) opened at $28.56 on Friday. The company has a market capitalization of $17,626.09, a P/E ratio of 45.13, a PEG ratio of 2.87 and a beta of 1.13. Symantec Corporation has a 52 week low of $23.34 and a 52 week high of $34.20. The company has a quick ratio of 1.12, a current 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 EPS for the quarter, topping the consensus estimate of $0.26 by $0.14. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 25.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 earnings per share. equities research analysts predict that Symantec Corporation will post 1.05 EPS for the current year.

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

Several brokerages recently commented on SYMC. Barclays PLC restated an “overweight” rating and set a $36.00 target price (down previously from $38.00) on shares of Symantec Corporation in a research report on Thursday, August 3rd. Evercore ISI set a $25.00 price target on Symantec Corporation and gave the stock a “hold” rating in a report on Thursday, August 3rd. Robert W. Baird reiterated a “hold” rating on shares of Symantec Corporation in a report on Thursday, August 3rd. BidaskClub lowered Symantec Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, Cowen Inc reiterated a “market perform” rating and issued a $31.00 price target (down previously from $33.00) on shares of Symantec Corporation in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $32.39.

In other news, SVP Amy L. Cappellanti-Wolf sold 927 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $30.00, for a total value of $27,810.00. Following the completion of the sale, the senior vice president now directly owns 112,907 shares of the company’s stock, valued at $3,387,210. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregory S. Clark sold 186,433 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $30.00, for a total value of $5,592,990.00. Following the completion of the sale, the chief executive officer now directly owns 1,321,671 shares of the company’s stock, valued at $39,650,130. The disclosure for this sale can be found here. Over the last three months, insiders sold 671,985 shares of company stock valued at $20,028,343. Company insiders own 1.30% of the company’s stock.

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

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