Cambiar Investors LLC reduced its position in Symantec Corporation (NASDAQ:SYMC) by 10.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,170,672 shares of the technology company’s stock after selling 142,645 shares during the period. Cambiar Investors LLC owned about 0.19% of Symantec Corporation worth $38,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of SYMC. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Symantec Corporation by 7.9% in 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. Sun Life Financial INC lifted its stake in shares of Symantec Corporation by 44,100.0% in 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 during the period. Harfst & Associates Inc. acquired a new position in shares of Symantec Corporation in the 2nd quarter valued at $127,000. Johnson Financial Group Inc. lifted its stake in shares of Symantec Corporation by 6.2% in 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. Finally, United Bank Inc. acquired a new position in shares of Symantec Corporation in the 3rd quarter valued at $200,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.
Shares of Symantec Corporation (SYMC) traded down $0.23 on Monday, hitting $28.36. 4,592,800 shares of the company were exchanged, compared to its average volume of 6,832,668. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.12 and a quick ratio of 1.12. Symantec Corporation has a 12-month low of $23.20 and a 12-month high of $34.20. The stock has a market capitalization of $17,582.69, a price-to-earnings ratio of 45.02, a P/E/G ratio of 2.86 and a beta of 1.13.
Symantec Corporation (NASDAQ:SYMC) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.14. Symantec Corporation had a negative net margin of 5.29% and a positive return on equity of 12.33%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Symantec Corporation’s quarterly revenue was up 25.7% on a year-over-year basis. equities analysts anticipate that Symantec Corporation will post 1.05 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors 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 1.06%. The ex-dividend date of this dividend is Friday, November 17th. Symantec Corporation’s dividend payout ratio is currently -75.00%.
Several equities analysts recently issued reports on the stock. Standpoint Research cut shares of Symantec Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. Zacks Investment Research cut shares of Symantec Corporation from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. Cowen and Company cut shares of Symantec Corporation from a “market perform” rating to an “underperform” rating and set a $31.00 price objective for the company. in a research report on Monday, October 9th. Piper Jaffray Companies restated a “buy” rating and set a $40.00 price objective on shares of Symantec Corporation in a research report on Tuesday, September 12th. Finally, Morgan Stanley cut shares of Symantec Corporation from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $37.00 to $34.00 in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $32.39.
In other Symantec Corporation news, SVP Amy L. Cappellanti-Wolf sold 927 shares of the company’s stock in a transaction dated 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 owns 112,907 shares of the company’s stock, valued at $3,387,210. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Suzanne M. Vautrinot sold 2,500 shares of the company’s 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. Insiders sold 671,985 shares of company stock valued at $20,028,343 in the last three months. 1.30% of the stock is currently owned by insiders.
About Symantec Corporation
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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