Symantec Corp. (SYMC) Insider Sells $322,421.60 in Stock
Symantec Corp. (NASDAQ:SYMC) insider Michael David Fey sold 13,214 shares of Symantec Corp. stock in a transaction on Friday, October 14th. The shares were sold at an average price of $24.40, for a total value of $322,421.60. Following the transaction, the insider now directly owns 288,953 shares of the company’s stock, valued at $7,050,453.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Symantec Corp. (NASDAQ:SYMC) traded up 0.12% during trading on Tuesday, reaching $24.22. The company’s stock had a trading volume of 8,454,910 shares. The company’s 50-day moving average is $24.81 and its 200-day moving average is $20.77. Symantec Corp. has a 12 month low of $16.14 and a 12 month high of $25.72. The stock has a market cap of $14.91 billion, a PE ratio of 6.32 and a beta of 1.10.
Symantec Corp. (NASDAQ:SYMC) last posted its earnings results on Thursday, August 4th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.25 by $0.04. The firm earned $884 million during the quarter, compared to the consensus estimate of $876.96 million. Symantec Corp. had a return on equity of 13.56% and a net margin of 60.18%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the company earned $0.40 earnings per share. Equities analysts expect that Symantec Corp. will post $1.12 EPS for the current fiscal year.
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Institutional investors have recently bought and sold shares of the stock. Americafirst Capital Management LLC bought a new position in shares of Symantec Corp. during the second quarter worth about $109,000. Tower Research Capital LLC TRC increased its position in shares of Symantec Corp. by 339.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,317 shares of the company’s stock worth $109,000 after buying an additional 4,108 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co increased its position in shares of Symantec Corp. by 23.4% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 5,800 shares of the company’s stock worth $119,000 after buying an additional 1,100 shares during the period. Johnson Financial Group Inc. increased its position in shares of Symantec Corp. by 10,503.6% in the second quarter. Johnson Financial Group Inc. now owns 5,938 shares of the company’s stock worth $122,000 after buying an additional 5,882 shares during the period. Finally, Global X Management Co. LLC increased its position in shares of Symantec Corp. by 89.0% in the second quarter. Global X Management Co. LLC now owns 6,211 shares of the company’s stock worth $128,000 after buying an additional 2,924 shares during the period. Hedge funds and other institutional investors own 95.15% of the company’s stock.
A number of research analysts have issued reports on the company. RBC Capital Markets reissued an “outperform” rating and set a $25.00 price objective (up from $24.00) on shares of Symantec Corp. in a report on Friday, August 5th. Evercore ISI raised Symantec Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. MKM Partners lifted their price objective on Symantec Corp. from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, August 2nd. Oppenheimer Holdings Inc. raised Symantec Corp. from a “market perform” rating to an “outperform” rating and set a $28.00 price target for the company in a report on Friday, August 5th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $24.00 price target on shares of Symantec Corp. in a report on Tuesday, July 5th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the company. Symantec Corp. has a consensus rating of “Hold” and a consensus price target of $24.87.
Symantec Corp. Company Profile
Symantec Corporation provides security and information management solutions. The Company operates its business on a global civilian cyber intelligence threat network and tracks various threats across the Internet from mobile devices, endpoints, and servers across the world. It is developing solutions for cloud, threat protection, information protection and cyber security services.
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