Genesee Valley Trust Co. acquired a new position in shares of Symantec Corporation (NASDAQ:SYMC) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 7,456 shares of the technology company’s stock, valued at approximately $209,000.

Several other hedge funds have also recently added to or reduced their stakes in SYMC. United Bank Inc. acquired a new stake in shares of Symantec during the 3rd quarter worth $200,000. Lenox Wealth Advisors Inc. acquired a new stake in Symantec in the 4th quarter valued at $224,000. Jaffetilchin Investment Partners LLC acquired a new stake in Symantec in the 3rd quarter valued at $225,000. Reilly Financial Advisors LLC increased its holdings in Symantec by 223.5% in the 4th quarter. Reilly Financial Advisors LLC now owns 8,412 shares of the technology company’s stock valued at $236,000 after purchasing an additional 5,812 shares in the last quarter. Finally, Whittier Trust Co. increased its holdings in Symantec by 192.1% in the 3rd quarter. Whittier Trust Co. now owns 7,460 shares of the technology company’s stock valued at $245,000 after purchasing an additional 4,906 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

Shares of Symantec Corporation (SYMC) opened at $25.59 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.12 and a current ratio of 1.15. The firm has a market capitalization of $16,520.50, a PE ratio of 33.65, a PEG ratio of 3.04 and a beta of 0.90. Symantec Corporation has a 52 week low of $25.59 and a 52 week high of $34.20.

Symantec (NASDAQ:SYMC) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.05. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.27 billion. Symantec had a return on equity of 14.26% and a net margin of 22.24%. The company’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. sell-side analysts predict that Symantec Corporation will post 0.99 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $0.30 annualized dividend and a dividend yield of 1.17%. Symantec’s dividend payout ratio is presently 19.48%.

In other news, EVP Francis C. Rosch sold 57,103 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $27.42, for a total transaction of $1,565,764.26. Following the completion of the sale, the executive vice president now directly owns 325,026 shares in the company, valued at $8,912,212.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

Several analysts recently issued reports on SYMC shares. BidaskClub downgraded Symantec from a “sell” rating to a “strong sell” rating in a report on Saturday, January 13th. Morgan Stanley lowered their price target on Symantec from $34.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, November 3rd. CIBC reiterated an “outperform” rating and issued a $33.00 price target (down from $35.00) on shares of Symantec in a report on Thursday, November 2nd. Deutsche Bank started coverage on Symantec in a report on Tuesday, December 19th. They issued a “hold” rating and a $30.00 price target for the company. Finally, Zacks Investment Research upgraded Symantec from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $30.92.

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Symantec Profile

Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection and cyber security services. 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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