Captrust Financial Advisors trimmed its holdings in Symantec Co. (NASDAQ:SYMC) by 23.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,652 shares of the technology company’s stock after selling 500 shares during the quarter. Captrust Financial Advisors’ holdings in Symantec were worth $31,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the business. Kinneret Advisory LLC bought a new position in Symantec in the 4th quarter worth approximately $334,000. Fort L.P. bought a new position in Symantec in the 4th quarter worth approximately $98,000. California State Teachers Retirement System boosted its stake in Symantec by 2.4% in the 4th quarter. California State Teachers Retirement System now owns 1,107,980 shares of the technology company’s stock worth $20,935,000 after purchasing an additional 26,232 shares during the period. Brown Advisory Inc. boosted its stake in Symantec by 34.6% in the 4th quarter. Brown Advisory Inc. now owns 316,517 shares of the technology company’s stock worth $5,981,000 after purchasing an additional 81,425 shares during the period. Finally, Stifel Financial Corp boosted its stake in Symantec by 181.1% in the 4th quarter. Stifel Financial Corp now owns 711,513 shares of the technology company’s stock worth $13,461,000 after purchasing an additional 458,364 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.
In related news, CFO Nicholas R. Noviello sold 332,155 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $22.50, for a total transaction of $7,473,487.50. Following the sale, the chief financial officer now owns 880,695 shares in the company, valued at approximately $19,815,637.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Samir Kapuria sold 45,455 shares of the stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $23.05, for a total value of $1,047,737.75. Following the sale, the executive vice president now owns 313,931 shares in the company, valued at approximately $7,236,109.55. The disclosure for this sale can be found here. Insiders have sold a total of 401,324 shares of company stock worth $9,061,631 in the last 90 days. 1.90% of the stock is currently owned by insiders.
Several analysts have recently issued reports on SYMC shares. Zacks Investment Research raised Symantec from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Friday, January 18th. BidaskClub raised Symantec from a “hold” rating to a “buy” rating in a report on Tuesday, December 11th. Evercore ISI reaffirmed a “hold” rating and set a $22.00 price objective on shares of Symantec in a report on Monday, February 4th. Credit Suisse Group reaffirmed a “hold” rating and set a $23.00 price objective on shares of Symantec in a report on Friday, February 1st. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $25.00 price objective on shares of Symantec in a report on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $22.49.
NASDAQ:SYMC opened at $23.14 on Thursday. Symantec Co. has a fifty-two week low of $17.42 and a fifty-two week high of $29.20. The firm has a market cap of $14.84 billion, a P/E ratio of 24.36, a P/E/G ratio of 2.52 and a beta of 1.09. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.02 and a current ratio of 1.02.
Symantec (NASDAQ:SYMC) last released its quarterly earnings results on Thursday, January 31st. The technology company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.05. Symantec had a positive return on equity of 13.24% and a negative net margin of 0.86%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the firm posted $0.49 EPS. Sell-side analysts forecast that Symantec Co. will post 1.16 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Tuesday, February 19th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, February 15th. This represents a $0.30 annualized dividend and a yield of 1.30%. Symantec’s payout ratio is presently 31.58%.
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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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