Amy L. Cappellanti-Wolf Sells 927 Shares of Symantec Corporation (SYMC) Stock
Symantec Corporation (NASDAQ:SYMC) SVP Amy L. Cappellanti-Wolf sold 927 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $30.00, for a total value of $27,810.00. Following the completion of the sale, the senior vice president now directly owns 112,907 shares of the company’s stock, valued at $3,387,210. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Symantec Corporation (SYMC) traded up 3.37% during mid-day trading on Friday, hitting $31.63. 11,809,655 shares of the company were exchanged. Symantec Corporation has a 12-month low of $22.76 and a 12-month high of $33.22. The firm’s market capitalization is $19.38 billion. The company’s 50-day moving average price is $29.68 and its 200-day moving average price is $29.95.
Symantec Corporation (NASDAQ:SYMC) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. The firm’s quarterly revenue was up 38.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 EPS. Equities research analysts predict that Symantec Corporation will post $1.81 earnings per share for the current fiscal year.
The business 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 dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, August 17th. Symantec Corporation’s dividend payout ratio is -49.18%.
A number of analysts have weighed in on SYMC shares. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $36.00 price objective on shares of Symantec Corporation in a research report on Friday, June 9th. Standpoint Research raised Symantec Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Zacks Investment Research raised Symantec Corporation from a “strong sell” rating to a “buy” rating and set a $32.00 price target for the company in a report on Tuesday, July 11th. BidaskClub raised Symantec Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $29.00 price objective (up from $28.00) on shares of Symantec Corporation in a research note on Thursday, May 11th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $31.30.
A number of hedge funds have recently added to or reduced their stakes in SYMC. BlackRock Inc. increased its position in Symantec Corporation by 2,815.1% during the 1st quarter. BlackRock Inc. now owns 40,975,309 shares of the technology company’s stock worth $1,257,121,000 after purchasing an additional 39,569,694 shares in the last quarter. Capital Research Global Investors increased its position in Symantec Corporation by 1,784.9% during the 2nd quarter. Capital Research Global Investors now owns 14,305,855 shares of the technology company’s stock worth $404,140,000 after purchasing an additional 13,546,895 shares in the last quarter. Janus Henderson Group PLC increased its position in Symantec Corporation by 10,624.9% during the 2nd quarter. Janus Henderson Group PLC now owns 9,578,167 shares of the technology company’s stock worth $270,583,000 after purchasing an additional 9,488,859 shares in the last quarter. CI Global Investments Inc. acquired a new position in Symantec Corporation during the 2nd quarter worth approximately $186,563,000. Finally, Renaissance Technologies LLC increased its position in Symantec Corporation by 405.7% during the 2nd quarter. Renaissance Technologies LLC now owns 4,857,838 shares of the technology company’s stock worth $137,234,000 after purchasing an additional 3,897,200 shares in the last quarter. Institutional investors and hedge funds own 91.72% of the company’s stock.
Symantec Corporation Company Profile
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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