Seeyond increased its stake in shares of Symantec Co. (NASDAQ:SYMC) by 325.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,943 shares of the technology company’s stock after acquiring an additional 25,203 shares during the quarter. Seeyond’s holdings in Symantec were worth $717,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of SYMC. Cibc World Markets Corp raised its position in Symantec by 16.0% during the 2nd quarter. Cibc World Markets Corp now owns 179,797 shares of the technology company’s stock valued at $3,912,000 after purchasing an additional 24,855 shares in the last quarter. Carlson Capital L P bought a new position in Symantec in the second quarter worth approximately $20,905,000. Tiverton Asset Management LLC bought a new position in Symantec in the second quarter worth approximately $282,000. Pacer Advisors Inc. lifted its holdings in Symantec by 41.4% during the second quarter. Pacer Advisors Inc. now owns 228,607 shares of the technology company’s stock worth $4,974,000 after buying an additional 66,971 shares during the period. Finally, M&T Bank Corp lifted its holdings in Symantec by 10.2% during the second quarter. M&T Bank Corp now owns 65,011 shares of the technology company’s stock worth $1,415,000 after buying an additional 6,016 shares during the period. Hedge funds and other institutional investors own 92.58% of the company’s stock.
Shares of NASDAQ SYMC traded down $0.19 during mid-day trading on Friday, hitting $24.35. The stock had a trading volume of 109,033 shares, compared to its average volume of 6,537,609. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.71 and a current ratio of 0.71. The company has a 50 day moving average of $22.90 and a two-hundred day moving average of $22.34. Symantec Co. has a twelve month low of $17.42 and a twelve month high of $26.07. The firm has a market cap of $15.07 billion, a PE ratio of 20.85, a PEG ratio of 2.68 and a beta of 1.30.
Symantec (NASDAQ:SYMC) last released its earnings results on Thursday, August 8th. The technology company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.11. Symantec had a return on equity of 14.94% and a net margin of 2.43%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the firm earned $0.34 EPS. The firm’s revenue was up 7.9% on a year-over-year basis. Equities research analysts predict that Symantec Co. will post 1.33 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Monday, August 26th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, August 23rd. Symantec’s payout ratio is 25.64%.
Several research analysts have recently commented on SYMC shares. Argus reissued a “hold” rating on shares of Symantec in a research report on Tuesday, August 13th. William Blair reiterated a “market perform” rating on shares of Symantec in a report on Friday, August 9th. BidaskClub raised shares of Symantec from a “sell” rating to a “hold” rating in a research report on Friday, August 16th. Mizuho upgraded shares of Symantec from a “neutral” rating to a “buy” rating and raised their target price for the company from $22.00 to $23.00 in a research note on Monday, June 17th. Finally, Monness Crespi & Hardt initiated coverage on shares of Symantec in a report on Wednesday, July 10th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company. Symantec presently has a consensus rating of “Hold” and a consensus target price of $22.75.
In other news, Director Peter A. Feld bought 1,325,814 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average cost of $22.95 per share, with a total value of $30,427,431.30. Following the transaction, the director now directly owns 24,685 shares in the company, valued at $566,520.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is owned by corporate insiders.
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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