Insider Selling: Symantec Corporation (SYMC) EVP Sells 4,749 Shares of Stock
Symantec Corporation (NASDAQ:SYMC) EVP Francis C. Rosch sold 4,749 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $29.71, for a total transaction of $141,092.79. Following the transaction, the executive vice president now owns 285,026 shares of the company’s stock, valued at approximately $8,468,122.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Francis C. Rosch also recently made the following trade(s):
- On Friday, September 1st, Francis C. Rosch sold 14,804 shares of Symantec Corporation stock. The stock was sold at an average price of $29.99, for a total transaction of $443,971.96.
Shares of Symantec Corporation (NASDAQ:SYMC) traded up 3.38% during mid-day trading on Thursday, reaching $30.60. 7,395,983 shares of the company were exchanged. The stock has a 50 day moving average price of $29.69 and a 200-day moving average price of $29.95. Symantec Corporation has a 12 month low of $22.76 and a 12 month high of $33.22. The stock’s market capitalization is $18.75 billion.
Symantec Corporation (NASDAQ:SYMC) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the firm posted $0.29 EPS. Symantec Corporation’s quarterly revenue was up 38.9% on a year-over-year basis. Analysts predict that Symantec Corporation will post $1.81 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Monday, August 21st will be given a $0.075 dividend. The ex-dividend date is Thursday, August 17th. This represents a $0.30 dividend on an annualized basis and a yield of 0.98%. Symantec Corporation’s dividend payout ratio (DPR) is -49.18%.
A number of large investors have recently bought and sold shares of the stock. WINTON GROUP Ltd grew its position in Symantec Corporation by 884.0% in the 2nd quarter. WINTON GROUP Ltd now owns 400,288 shares of the technology company’s stock valued at $11,308,000 after buying an additional 359,607 shares during the last quarter. Verition Fund Management LLC purchased a new position in Symantec Corporation in the 2nd quarter valued at $795,000. Martin & Co. Inc. TN grew its position in Symantec Corporation by 0.8% in the 2nd quarter. Martin & Co. Inc. TN now owns 207,285 shares of the technology company’s stock valued at $5,856,000 after buying an additional 1,575 shares during the last quarter. Scotia Capital Inc. grew its position in Symantec Corporation by 5.5% in the 2nd quarter. Scotia Capital Inc. now owns 26,613 shares of the technology company’s stock valued at $752,000 after buying an additional 1,385 shares during the last quarter. Finally, Nomura Holdings Inc. grew its position in Symantec Corporation by 103.9% in the 2nd quarter. Nomura Holdings Inc. now owns 46,974 shares of the technology company’s stock valued at $1,326,000 after buying an additional 1,259,070 shares during the last quarter. Hedge funds and other institutional investors own 91.72% of the company’s stock.
Several research analysts recently commented on SYMC shares. Standpoint Research upgraded shares of Symantec Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Barclays PLC upgraded shares of Symantec Corporation from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $34.00 to $38.00 in a research note on Tuesday, May 30th. Moffett Nathanson started coverage on shares of Symantec Corporation in a research note on Wednesday. They set a “neutral” rating for the company. Zacks Investment Research lowered shares of Symantec Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 16th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $37.00 price objective on shares of Symantec Corporation in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $31.20.
About Symantec Corporation
Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection, cyber security services and Website security. 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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