Jackson Square Partners LLC lowered its position in Symantec Co. (NASDAQ:SYMC) by 14.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,910,494 shares of the technology company’s stock after selling 2,501,142 shares during the period. Symantec makes up about 2.1% of Jackson Square Partners LLC’s investment portfolio, making the stock its 19th biggest position. Jackson Square Partners LLC’s holdings in Symantec were worth $418,388,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Amalgamated Bank grew its holdings in shares of Symantec by 9.7% in the 4th quarter. Amalgamated Bank now owns 80,881 shares of the technology company’s stock worth $2,270,000 after acquiring an additional 7,165 shares during the period. Sovarnum Capital L.P. acquired a new stake in shares of Symantec in the 4th quarter worth approximately $281,000. Standard Life Aberdeen plc grew its holdings in shares of Symantec by 7.6% in the 4th quarter. Standard Life Aberdeen plc now owns 251,716 shares of the technology company’s stock worth $7,064,000 after acquiring an additional 17,708 shares during the period. OppenheimerFunds Inc. grew its holdings in Symantec by 32.8% during the 4th quarter. OppenheimerFunds Inc. now owns 24,729 shares of the technology company’s stock valued at $694,000 after buying an additional 6,109 shares during the last quarter. Finally, Pinnacle Associates Ltd. grew its holdings in Symantec by 11.2% during the 4th quarter. Pinnacle Associates Ltd. now owns 55,642 shares of the technology company’s stock valued at $1,561,000 after buying an additional 5,592 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.
In related news, EVP Francis C. Rosch sold 57,103 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $27.42, for a total value of $1,565,764.26. Following the transaction, the executive vice president now directly owns 325,026 shares of the company’s stock, valued at approximately $8,912,212.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.30% of the company’s stock.
Symantec Co. (NASDAQ SYMC) opened at $26.32 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $16,924.50, a price-to-earnings ratio of 34.47, a P/E/G ratio of 3.12 and a beta of 0.89. Symantec Co. has a 52-week low of $24.94 and a 52-week high of $34.20.
Symantec (NASDAQ:SYMC) last issued its earnings results on Wednesday, January 31st. The technology company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.05. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.27 billion. Symantec had a return on equity of 14.26% and a net margin of 22.24%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the company posted $0.32 EPS. analysts predict that Symantec Co. will post 0.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Tuesday, February 20th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Friday, February 16th. Symantec’s dividend payout ratio (DPR) is currently 19.48%.
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Symantec Company Profile
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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