National Pension Service grew its position in shares of Symantec Corporation (NASDAQ:SYMC) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 666,543 shares of the technology company’s stock after purchasing an additional 16,672 shares during the period. National Pension Service’s holdings in Symantec were worth $18,703,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in Symantec by 7.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,982 shares of the technology company’s stock worth $112,000 after acquiring an additional 292 shares in the last quarter. Sun Life Financial INC grew its position in 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 acquiring an additional 4,410 shares in the last quarter. Harfst & Associates Inc. purchased a new position in Symantec in the second quarter worth about $127,000. United Bank Inc. purchased a new position in Symantec in the third quarter worth about $200,000. Finally, Roundview Capital LLC purchased a new position in Symantec in the second quarter worth about $222,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.
Shares of Symantec Corporation (SYMC) opened at $27.46 on Friday. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market cap of $17,020.00, a PE ratio of -47.34, a price-to-earnings-growth ratio of 2.76 and a beta of 1.07. Symantec Corporation has a 12 month low of $25.65 and a 12 month high of $34.20.
In other news, CFO Nicholas R. Noviello sold 375,000 shares of Symantec stock in a transaction that occurred on 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 owns 565,319 shares of the company’s stock, valued at $16,609,072.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Francis C. Rosch sold 57,103 shares of Symantec stock in a transaction that occurred on 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 directly owns 325,026 shares of the company’s stock, valued at approximately $8,912,212.92. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
Several research analysts recently commented on the company. Zacks Investment Research lowered Symantec from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. Standpoint Research lowered Symantec from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Cowen lowered Symantec from a “market perform” rating to an “underperform” rating and set a $31.00 price target for the company. in a research report on Monday, October 9th. Morgan Stanley lowered Symantec from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $37.00 to $34.00 in a research report on Tuesday, October 10th. Finally, Evercore ISI reiterated a “hold” rating and issued a $25.00 price target on shares of Symantec in a research report on Thursday, November 2nd. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company’s stock. Symantec currently has an average rating of “Hold” and a consensus target price of $31.96.
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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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