Caxton Associates LP raised its stake in Symantec Corporation (NASDAQ:SYMC) by 31.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,000 shares of the technology company’s stock after buying an additional 4,100 shares during the period. Caxton Associates LP’s holdings in Symantec Corporation were worth $480,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of SYMC. Municipal Employees Retirement System of Michigan increased its holdings in shares of Symantec Corporation by 1.5% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 20,120 shares of the technology company’s stock worth $617,000 after buying an additional 290 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of Symantec Corporation by 1.5% in the 1st quarter. Teachers Advisors LLC now owns 5,912,930 shares of the technology company’s stock worth $181,409,000 after buying an additional 86,475 shares during the last quarter. Banco BTG Pactual S.A. bought a new position in shares of Symantec Corporation in the 1st quarter worth $387,000. Sentry Investment Management LLC increased its holdings in shares of Symantec Corporation by 1.8% in the 1st quarter. Sentry Investment Management LLC now owns 44,076 shares of the technology company’s stock worth $1,352,000 after buying an additional 768 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Symantec Corporation in the 1st quarter worth $7,625,000. 91.65% of the stock is currently owned by hedge funds and other institutional investors.
Symantec Corporation (NASDAQ SYMC) traded up 0.73% during midday trading on Thursday, hitting $31.84. 317,880 shares of the stock traded hands. The company’s market cap is $19.51 billion. The firm’s 50-day moving average is $31.99 and its 200-day moving average is $30.52. Symantec Corporation has a 52-week low of $22.76 and a 52-week high of $34.20.
Symantec Corporation (NASDAQ:SYMC) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was up 38.9% compared to the same quarter last year. Analysts predict that Symantec Corporation will post $1.80 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Monday, August 21st were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Thursday, August 17th. Symantec Corporation’s payout ratio is -49.18%.
SYMC has been the topic of a number of research analyst reports. Credit Suisse Group initiated coverage on shares of Symantec Corporation in a report on Tuesday, September 5th. They issued an “outperform” rating and a $36.00 price target on the stock. Zacks Investment Research raised shares of Symantec Corporation from a “strong sell” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Tuesday, July 11th. Robert W. Baird reissued a “hold” rating and issued a $32.00 price target on shares of Symantec Corporation in a report on Friday, September 8th. Morgan Stanley reissued an “overweight” rating and issued a $37.00 price target on shares of Symantec Corporation in a report on Thursday, July 13th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $27.00 target price on shares of Symantec Corporation in a report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $31.42.
In other Symantec Corporation news, Director Anita M. Sands sold 2,000 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $30.40, for a total transaction of $60,800.00. Following the completion of the sale, the director now directly owns 41,386 shares of the company’s stock, valued at $1,258,134.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $82,025.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,662,816 shares of company stock valued at $48,437,529. Insiders own 1.30% of the company’s stock.
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.
Want to see what other hedge funds are holding SYMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Symantec Corporation (NASDAQ:SYMC).
Receive News & Ratings for Symantec Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Symantec Corporation and related companies with MarketBeat.com's FREE daily email newsletter.