Symantec Co. (SYMC) Stake Decreased by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its stake in Symantec Co. (NASDAQ:SYMC) by 2.8% during the first quarter, Holdings Channel reports. The institutional investor owned 1,028,979 shares of the technology company’s stock after selling 29,704 shares during the period. New York State Teachers Retirement System’s holdings in Symantec were worth $31,569,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IFP Advisors Inc raised its stake in shares of Symantec by 0.3% in the first quarter. IFP Advisors Inc now owns 6,283 shares of the technology company’s stock worth $193,000 after buying an additional 19 shares during the period. Mason Street Advisors LLC raised its stake in shares of Symantec by 0.3% in the first quarter. Mason Street Advisors LLC now owns 85,518 shares of the technology company’s stock worth $2,624,000 after buying an additional 237 shares during the period. Greenwood Capital Associates LLC raised its stake in shares of Symantec by 1.7% in the first quarter. Greenwood Capital Associates LLC now owns 15,210 shares of the technology company’s stock worth $467,000 after buying an additional 255 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in shares of Symantec by 1.5% in the first 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 period. Finally, Blair William & Co. IL raised its stake in shares of Symantec by 2.7% in the first quarter. Blair William & Co. IL now owns 13,018 shares of the technology company’s stock worth $372,000 after buying an additional 345 shares during the period. Hedge funds and other institutional investors own 94.11% of the company’s stock.

Institutional Ownership by Quarter for Symantec (NASDAQ:SYMC)

Shares of Symantec Co. (SYMC) traded down 0.606% during trading on Tuesday, reaching $28.705. The company’s stock had a trading volume of 3,016,243 shares. Symantec Co. has a 12 month low of $19.79 and a 12 month high of $33.22. The firm’s market cap is $17.46 billion. The stock’s 50 day moving average price is $30.48 and its 200-day moving average price is $28.64. Symantec also was the recipient of unusually large options trading activity on Monday. Traders bought 29,300 call options on the stock. This is an increase of approximately 449% compared to the average volume of 5,335 call options.

Symantec (NASDAQ:SYMC) last posted its earnings results on Wednesday, May 10th. The technology company reported $0.28 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. Symantec had a negative net margin of 15.87% and a negative return on equity of 19.09%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the firm earned $0.22 EPS. The company’s quarterly revenue was up 34.7% compared to the same quarter last year. Equities analysts predict that Symantec Co. will post $1.79 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th will be paid a dividend of $0.075 per share. The ex-dividend date is Monday, June 5th. This represents a $0.30 annualized dividend and a dividend yield of 1.04%. Symantec’s payout ratio is currently -176.47%.

COPYRIGHT VIOLATION NOTICE: This article was originally published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.tickerreport.com/banking-finance/2656195/symantec-co-symc-stake-decreased-by-new-york-state-teachers-retirement-system.html.

A number of analysts have recently commented on SYMC shares. Wunderlich boosted their price target on Symantec from $30.00 to $32.00 and gave the company a “buy” rating in a report on Monday, February 27th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $36.00 price target on shares of Symantec in a report on Friday, June 9th. Stifel Nicolaus restated a “hold” rating and issued a $29.00 price target (up from $28.00) on shares of Symantec in a report on Thursday, May 11th. Robert W. Baird restated a “hold” rating on shares of Symantec in a report on Thursday, May 11th. Finally, Zacks Investment Research upgraded Symantec from a “sell” rating to a “hold” rating in a report on Wednesday, April 5th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $30.48.

In other news, SVP Amy L. Cappellanti-Wolf sold 3,741 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $29.91, for a total transaction of $111,893.31. Following the completion of the sale, the senior vice president now owns 88,774 shares in the company, valued at approximately $2,655,230.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anita M. Sands sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $30.22, for a total transaction of $60,440.00. Following the sale, the director now owns 37,231 shares of the company’s stock, valued at approximately $1,125,120.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 159,909 shares of company stock valued at $4,886,750. 0.76% of the stock is currently owned by company insiders.

About Symantec

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SYMC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding SYMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Symantec Co. (NASDAQ:SYMC).

Receive News & Ratings for Symantec Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Symantec Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Blue Apron Filed Thursday for Public Offering
Blue Apron Filed Thursday for Public Offering
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Large Auto Lender Checked Just 8% of Incomes for Applicants
Large Auto Lender Checked Just 8% of Incomes for Applicants


Leave a Reply

© 2006-2017 Ticker Report. Google+.