Symantec Corporation (SYMC) Shares Sold by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. lowered its position in Symantec Corporation (NASDAQ:SYMC) by 50.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,240,420 shares of the technology company’s stock after selling 3,272,011 shares during the quarter. Symantec Corporation accounts for approximately 0.6% of Los Angeles Capital Management & Equity Research Inc.’s holdings, making the stock its 25th biggest holding. Los Angeles Capital Management & Equity Research Inc. owned 0.52% of Symantec Corporation worth $106,318,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. increased its position in shares of Symantec Corporation by 1.2% in the second quarter. Bessemer Group Inc. now owns 9,311 shares of the technology company’s stock valued at $263,000 after buying an additional 106 shares in the last quarter. Wetherby Asset Management Inc. increased its position in shares of Symantec Corporation by 2.8% in the second quarter. Wetherby Asset Management Inc. now owns 8,885 shares of the technology company’s stock valued at $251,000 after buying an additional 246 shares in the last quarter. Blair William & Co. IL increased its position in shares of Symantec Corporation by 2.2% in the second quarter. Blair William & Co. IL now owns 13,309 shares of the technology company’s stock valued at $376,000 after buying an additional 291 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Symantec Corporation by 7.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,982 shares of the technology company’s stock valued at $112,000 after buying an additional 292 shares in the last quarter. Finally, Johnson Financial Group Inc. increased its position in shares of Symantec Corporation by 6.2% in the second quarter. Johnson Financial Group Inc. now owns 5,596 shares of the technology company’s stock valued at $158,000 after buying an additional 325 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Symantec Corporation (NASDAQ SYMC) traded down $0.23 during midday trading on Monday, hitting $28.36. The stock had a trading volume of 4,592,800 shares, compared to its average volume of 6,832,668. The firm has a market cap 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 has a fifty-two week low of $23.20 and a fifty-two 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 released its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.14. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates 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 revenue was up 25.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS. equities analysts expect that Symantec Corporation will post 1.05 earnings per share for the current fiscal year.

The company 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 1.06%. The ex-dividend date of this dividend is Friday, November 17th. Symantec Corporation’s dividend payout ratio is currently -75.00%.

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In related news, SVP Amy L. Cappellanti-Wolf sold 2,163 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $29.85, for a total transaction of $64,565.55. Following the transaction, the senior vice president now directly owns 115,997 shares of the company’s stock, valued at approximately $3,462,510.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Amy L. Cappellanti-Wolf sold 927 shares of the business’s 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 transaction, the senior vice president now directly owns 112,907 shares in the company, valued at $3,387,210. The disclosure for this sale can be found here. Insiders sold a total of 671,985 shares of company stock worth $20,028,343 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

A number of analysts recently commented on SYMC shares. Credit Suisse Group started coverage on Symantec Corporation in a research report on Tuesday, September 5th. They set an “outperform” rating and a $36.00 price objective for the company. Robert W. Baird reiterated a “hold” rating and set a $32.00 price objective on shares of Symantec Corporation in a research report on Friday, September 8th. Stifel Nicolaus reiterated a “hold” rating and set a $27.00 price objective on shares of Symantec Corporation in a research report on Wednesday, July 19th. Moffett Nathanson started coverage on Symantec Corporation in a research report on Wednesday, September 6th. They set a “neutral” rating and a $33.00 price objective for the company. Finally, Cowen and Company cut 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. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $32.39.

Symantec Corporation 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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