Brokerages Set Symantec Co. (NASDAQ:SYMC) PT at $23.20

Shares of Symantec Co. (NASDAQ:SYMC) have been given an average rating of “Hold” by the sixteen analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $23.20.

A number of equities analysts have weighed in on the company. UBS Group raised Symantec from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $23.00 to $27.00 in a research report on Tuesday, November 5th. Argus reaffirmed a “hold” rating on shares of Symantec in a research report on Tuesday, August 13th. BidaskClub cut Symantec from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 26th. Finally, ValuEngine downgraded Symantec from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd.

In other news, EVP Samir Kapuria sold 9,674 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $23.47, for a total transaction of $227,048.78. Following the completion of the sale, the executive vice president now owns 387,166 shares in the company, valued at $9,086,786.02. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 29,022 shares of company stock worth $678,825. 1.90% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of SYMC. FinTrust Capital Advisors LLC grew its stake in shares of Symantec by 995.1% in the second quarter. FinTrust Capital Advisors LLC now owns 1,347 shares of the technology company’s stock valued at $29,000 after acquiring an additional 1,224 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in Symantec by 319.5% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,678 shares of the technology company’s stock valued at $40,000 after purchasing an additional 1,278 shares during the period. CSat Investment Advisory L.P. boosted its holdings in Symantec by 126.3% in the 2nd quarter. CSat Investment Advisory L.P. now owns 2,123 shares of the technology company’s stock valued at $46,000 after purchasing an additional 1,185 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in Symantec by 2,301.2% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,017 shares of the technology company’s stock valued at $48,000 after purchasing an additional 1,933 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Symantec during the 2nd quarter worth approximately $57,000. 90.27% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:SYMC traded down $0.03 during mid-day trading on Tuesday, hitting $25.46. The stock had a trading volume of 8,345,168 shares, compared to its average volume of 4,062,447. Symantec has a twelve month low of $17.42 and a twelve month high of $26.07. The stock has a market cap of $15.74 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 3.77 and a beta of 1.28. The company’s 50 day simple moving average is $23.75 and its 200 day simple moving average is $22.72. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.71 and a current ratio of 0.71.

Symantec Company Profile

Symantec Corporation provides cybersecurity products, services, and solutions worldwide. The company operates through two segments, Enterprise Security and Consumer Digital Safety. The Enterprise Security segment provides endpoint and information protection products, including endpoint security, advanced threat protection, and information protection solutions and their related support services; and network and Web security products, such as network security, Web security, and cloud security solutions and their related support services.

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Analyst Recommendations for Symantec (NASDAQ:SYMC)

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