Symantec Corporation (SYMC) SVP Amy L. Cappellanti-Wolf Sells 4,496 Shares
Symantec Corporation (NASDAQ:SYMC) SVP Amy L. Cappellanti-Wolf sold 4,496 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $32.88, for a total value of $147,828.48. Following the completion of the transaction, the senior vice president now owns 108,411 shares of the company’s stock, valued at $3,564,553.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Symantec Corporation (NASDAQ SYMC) traded up 0.88% during trading on Friday, reaching $33.24. 9,577,891 shares of the company’s stock were exchanged. The company’s market capitalization is $20.37 billion. The company’s 50-day moving average is $29.91 and its 200-day moving average is $30.09. Symantec Corporation has a 1-year low of $22.76 and a 1-year high of $34.17.
Symantec Corporation (NASDAQ:SYMC) last released 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. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Symantec Corporation had a positive return on equity of 10.73% and a negative net margin of 8.68%. The business’s quarterly revenue was up 38.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Equities research analysts expect that Symantec Corporation will post $1.81 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Monday, August 21st were issued a dividend of $0.075 per share. The ex-dividend date was Thursday, August 17th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.90%. Symantec Corporation’s dividend payout ratio is presently -49.18%.
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Several research analysts have weighed in on the company. Piper Jaffray Companies reiterated a “buy” rating and issued a $40.00 price target on shares of Symantec Corporation in a report on Tuesday. Royal Bank Of Canada reiterated a “hold” rating and issued a $32.00 price target on shares of Symantec Corporation in a report on Monday, July 31st. Robert W. Baird restated a “hold” rating on shares of Symantec Corporation in a report on Thursday, August 3rd. Evercore ISI set a $25.00 price objective on Symantec Corporation and gave the stock a “hold” rating in a report on Thursday, August 3rd. Finally, Stifel Nicolaus restated a “hold” rating and set a $27.00 price objective on shares of Symantec Corporation in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.54.
Several institutional investors have recently made changes to their positions in SYMC. US Bancorp DE raised its holdings in shares of Symantec Corporation by 7.1% during the first quarter. US Bancorp DE now owns 75,833 shares of the technology company’s stock valued at $2,326,000 after acquiring an additional 5,028 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of Symantec Corporation by 10.8% during the first quarter. UBS Asset Management Americas Inc. now owns 2,229,361 shares of the technology company’s stock valued at $68,397,000 after acquiring an additional 217,935 shares in the last quarter. Commerce Bank bought a new position in shares of Symantec Corporation during the first quarter valued at approximately $297,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Symantec Corporation by 28.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 45,904 shares of the technology company’s stock valued at $1,408,000 after acquiring an additional 10,167 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Symantec Corporation by 10.6% during the first quarter. Ameriprise Financial Inc. now owns 679,837 shares of the technology company’s stock valued at $20,856,000 after acquiring an additional 65,021 shares in the last quarter. Institutional investors own 91.72% of the company’s stock.
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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