Symantec Co. (NASDAQ:SYMC) Director Suzanne M. Vautrinot sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $27.72, for a total value of $110,880.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Symantec Co. (NASDAQ:SYMC) opened at $27.34 on Wednesday. Symantec Co. has a 12 month low of $24.94 and a 12 month high of $34.20. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $16,990.00, a P/E ratio of 105.15, a P/E/G ratio of 3.19 and a beta of 0.89.
Symantec (NASDAQ:SYMC) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.44 by $0.05. Symantec had a return on equity of 14.26% and a net margin of 22.24%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the business earned $0.32 earnings per share. Symantec’s revenue for the quarter was up 13.4% on a year-over-year basis. equities analysts expect that Symantec Co. will post 0.99 EPS for the current year.
A number of hedge funds have recently modified their holdings of the business. Franklin Resources Inc. raised its holdings in Symantec by 2.3% during the 4th quarter. Franklin Resources Inc. now owns 29,647,490 shares of the technology company’s stock valued at $831,913,000 after acquiring an additional 664,845 shares during the period. Orbis Allan Gray Ltd raised its holdings in Symantec by 308.8% during the 4th quarter. Orbis Allan Gray Ltd now owns 29,262,025 shares of the technology company’s stock valued at $821,092,000 after acquiring an additional 22,104,563 shares during the period. CI Global Investments Inc. raised its holdings in Symantec by 27.2% during the 4th quarter. CI Global Investments Inc. now owns 12,644,999 shares of the technology company’s stock valued at $354,819,000 after acquiring an additional 2,702,027 shares during the period. Neuberger Berman Group LLC raised its holdings in Symantec by 2.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 7,499,042 shares of the technology company’s stock valued at $246,044,000 after acquiring an additional 183,766 shares during the period. Finally, Kensico Capital Management Corp bought a new stake in Symantec during the 3rd quarter valued at $225,241,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.
SYMC has been the topic of a number of research analyst reports. BidaskClub downgraded Symantec from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 13th. Credit Suisse Group downgraded Symantec from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $36.00 to $30.00 in a research note on Monday, January 22nd. Deutsche Bank initiated coverage on Symantec in a research note on Tuesday, December 19th. They issued a “hold” rating and a $30.00 target price on the stock. Zacks Investment Research upgraded Symantec from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, Barclays cut their target price on Symantec from $36.00 to $34.00 and set an “overweight” rating on the stock in a research note on Thursday, February 1st. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $30.87.
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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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