Zevin Asset Management LLC purchased a new stake in Symantec Co. (NASDAQ:SYMC) during the third quarter, Holdings Channel reports. The firm purchased 10,500 shares of the technology company’s stock, valued at approximately $248,000.
Several other hedge funds have also made changes to their positions in SYMC. FinTrust Capital Advisors LLC boosted its holdings in 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 during the last quarter. AdvisorNet Financial Inc boosted its holdings in Symantec by 319.5% in the third quarter. AdvisorNet Financial Inc now owns 1,678 shares of the technology company’s stock valued at $40,000 after acquiring an additional 1,278 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in Symantec in the second quarter valued at about $39,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Symantec by 2,301.2% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,017 shares of the technology company’s stock valued at $48,000 after acquiring an additional 1,933 shares during the last quarter. Finally, CSat Investment Advisory L.P. boosted its holdings in Symantec by 126.3% in the second quarter. CSat Investment Advisory L.P. now owns 2,123 shares of the technology company’s stock valued at $46,000 after acquiring an additional 1,185 shares during the last quarter. Institutional investors own 90.27% of the company’s stock.
Shares of NASDAQ SYMC traded up $0.34 during mid-day trading on Friday, reaching $23.75. 8,130,500 shares of the company’s stock were exchanged, compared to its average volume of 4,062,447. The firm has a market capitalization of $14.47 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 3.77 and a beta of 1.28. The business has a fifty day simple moving average of $23.40 and a 200 day simple moving average of $22.46. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.79. Symantec Co. has a twelve month low of $17.42 and a twelve month high of $26.07.
In other Symantec news, EVP Samir Kapuria sold 9,674 shares of Symantec stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $23.47, for a total value of $227,048.78. Following the completion of the transaction, the executive vice president now directly owns 387,166 shares of the company’s stock, valued at approximately $9,086,786.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter A. Feld acquired 1,325,814 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was bought at an average cost of $22.95 per share, with a total value of $30,427,431.30. Following the completion of the acquisition, the director now directly owns 24,685 shares in the company, valued at $566,520.75. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 29,022 shares of company stock valued at $678,825. 1.90% of the stock is currently owned by insiders.
SYMC has been the topic of several recent research reports. ValuEngine cut Symantec from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Evercore ISI set a $22.00 target price on Symantec and gave the company a “hold” rating in a research note on Friday, August 9th. Wedbush set a $19.00 target price on Symantec and gave the company a “hold” rating in a research note on Monday, July 15th. UBS Group raised Symantec from a “neutral” rating to a “buy” rating and increased their target price for the company from $23.00 to $27.00 in a research note on Tuesday, November 5th. Finally, BidaskClub lowered Symantec from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 26th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $23.18.
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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