QUANTRES ASSET MANAGEMENT Ltd decreased its holdings in shares of Symantec Corporation (NASDAQ:SYMC) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,600 shares of the technology company’s stock after selling 2,300 shares during the quarter. QUANTRES ASSET MANAGEMENT Ltd’s holdings in Symantec were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in Symantec by 7.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,982 shares of the technology company’s stock valued at $112,000 after acquiring an additional 292 shares during the period. Sun Life Financial INC increased its holdings in shares of Symantec by 44,100.0% in the second quarter. Sun Life Financial INC now owns 4,420 shares of the technology company’s stock worth $125,000 after purchasing an additional 4,410 shares during the period. Harfst & Associates Inc. bought a new position in shares of Symantec in the second quarter worth $127,000. Johnson Financial Group Inc. increased its holdings in shares of Symantec by 6.2% in the second quarter. Johnson Financial Group Inc. now owns 5,596 shares of the technology company’s stock worth $158,000 after purchasing an additional 325 shares during the period. Finally, United Bank Inc. bought a new position in shares of Symantec in the third quarter worth $200,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.
Symantec Corporation (NASDAQ:SYMC) opened at $28.97 on Friday. The company has a market capitalization of $17,960.00, a price-to-earnings ratio of -49.95, a P/E/G ratio of 2.92 and a beta of 1.07. 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 $24.14 and a 12 month high of $34.20.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Monday, November 20th were paid a $0.075 dividend. The ex-dividend date was Friday, November 17th. This represents a $0.30 dividend on an annualized basis and a yield of 1.04%. Symantec’s dividend payout ratio is presently -51.72%.
In other Symantec news, CFO Nicholas R. Noviello sold 375,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $29.38, for a total transaction of $11,017,500.00. Following the completion of the sale, the chief financial officer now directly owns 565,319 shares in the company, valued at $16,609,072.22. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Francis C. Rosch sold 57,103 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $27.42, for a total transaction of $1,565,764.26. Following the sale, the executive vice president now owns 325,026 shares of the company’s stock, valued at $8,912,212.92. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
SYMC has been the topic of several research analyst reports. Zacks Investment Research cut shares of Symantec from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Morgan Stanley decreased their price target on shares of Symantec from $34.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, November 3rd. Barclays reaffirmed a “buy” rating and issued a $36.00 price target on shares of Symantec in a report on Thursday, November 2nd. Cowen cut shares of Symantec from a “market perform” rating to an “underperform” rating and set a $31.00 price target on the stock. in a report on Monday, October 9th. Finally, Evercore ISI reaffirmed a “hold” rating and issued a $25.00 price target on shares of Symantec in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $32.29.
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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