American International Group Inc. decreased its position in Symantec Corporation (NASDAQ:SYMC) by 11.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,942 shares of the technology company’s stock after selling 28,309 shares during the quarter. American International Group Inc.’s holdings in Symantec were worth $7,151,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Symantec by 7.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,982 shares of the technology company’s stock worth $112,000 after buying an additional 292 shares during the last quarter. Sun Life Financial INC boosted its holdings in shares of Symantec by 44,100.0% in the 2nd quarter. Sun Life Financial INC now owns 4,420 shares of the technology company’s stock worth $125,000 after buying an additional 4,410 shares during the last quarter. Harfst & Associates Inc. purchased a new position in shares of Symantec in the 2nd quarter worth about $127,000. Johnson Financial Group Inc. boosted its holdings in shares of Symantec by 6.2% in the 2nd quarter. Johnson Financial Group Inc. now owns 5,596 shares of the technology company’s stock worth $158,000 after buying an additional 325 shares during the last quarter. Finally, United Bank Inc. purchased a new position in shares of Symantec in the 3rd quarter worth about $200,000. Hedge funds and other institutional investors own 95.06% of the company’s stock.

In other news, Director Suzanne M. Vautrinot sold 2,500 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $32.81, for a total value of $82,025.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 completion of the sale, the senior vice president now directly owns 115,997 shares in the company, valued at $3,462,510.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 425,256 shares of company stock worth $12,626,621. Insiders own 1.30% of the company’s stock.

A number of equities analysts recently weighed in on SYMC shares. Oppenheimer reissued an “outperform” rating and issued a $35.00 price target (up from $33.00) on shares of Symantec in a report on Friday, August 4th. BidaskClub downgraded shares of Symantec from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research downgraded shares of Symantec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. Barclays reissued an “overweight” rating and issued a $36.00 price target (down from $38.00) on shares of Symantec in a report on Wednesday, August 9th. Finally, Credit Suisse Group started coverage on shares of Symantec in a report on Tuesday, September 5th. They issued an “outperform” rating and a $36.00 price target on the stock. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $32.39.

Shares of Symantec Corporation (NASDAQ SYMC) opened at $29.11 on Friday. The company has a market cap of $17,960.88, a PE ratio of 45.98, a price-to-earnings-growth ratio of 2.93 and a beta of 1.08. Symantec Corporation has a fifty-two week low of $23.34 and a fifty-two week 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 (NASDAQ:SYMC) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.14. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. Symantec had a negative net margin of 5.29% and a positive return on equity of 12.33%. The company’s revenue was up 25.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 earnings per share. equities research analysts anticipate that Symantec Corporation will post 1.05 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Monday, November 20th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, November 17th. Symantec’s payout ratio is -75.00%.

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About Symantec

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 (NASDAQ:SYMC)

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