Symantec Corporation (NASDAQ:SYMC) Director Suzanne M. Vautrinot sold 2,500 shares of Symantec Corporation stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $32.81, for a total transaction of $82,025.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Symantec Corporation (NASDAQ:SYMC) traded up 0.73% during midday trading on Tuesday, reaching $33.02. The company’s stock had a trading volume of 4,148,583 shares. The firm’s market capitalization is $20.23 billion. Symantec Corporation has a 1-year low of $22.76 and a 1-year high of $34.20. The firm has a 50 day moving average price of $31.23 and a 200 day moving average price of $30.42.

Symantec Corporation (NASDAQ:SYMC) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The company 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 business’s revenue was up 38.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 EPS. On average, analysts predict that Symantec Corporation will post $1.81 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 21st were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $0.30 annualized dividend and a dividend yield of 0.91%. Symantec Corporation’s dividend payout ratio (DPR) is currently -49.18%.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/03/symantec-corporation-symc-director-sells-82025-00-in-stock.html.

A number of research firms have weighed in on SYMC. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $36.00 price objective on shares of Symantec Corporation in a research report on Friday, June 9th. BidaskClub raised Symantec Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised Symantec Corporation from a “strong sell” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Tuesday, July 11th. Standpoint Research upgraded Symantec Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $40.00 price target on shares of Symantec Corporation in a research note on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the stock. Symantec Corporation has a consensus rating of “Hold” and a consensus price target of $31.54.

A number of large investors have recently bought and sold shares of the stock. Ardsley Advisory Partners acquired a new position in Symantec Corporation in the second quarter worth about $424,000. WINTON GROUP Ltd lifted its stake in Symantec Corporation by 884.0% during the second quarter. WINTON GROUP Ltd now owns 400,288 shares of the technology company’s stock worth $11,308,000 after purchasing an additional 359,607 shares during the period. Verition Fund Management LLC bought a new position in Symantec Corporation during the second quarter worth about $795,000. Martin & Co. Inc. TN boosted its holdings in Symantec Corporation by 0.8% during the second quarter. Martin & Co. Inc. TN now owns 207,285 shares of the technology company’s stock valued at $5,856,000 after purchasing an additional 1,575 shares in the last quarter. Finally, Scotia Capital Inc. boosted its holdings in Symantec Corporation by 5.5% during the second quarter. Scotia Capital Inc. now owns 26,613 shares of the technology company’s stock valued at $752,000 after purchasing an additional 1,385 shares in the last quarter. 91.65% of the stock is owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for Symantec Corporation (NASDAQ:SYMC)

Receive News & Ratings for Symantec Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Symantec Corporation and related companies with MarketBeat.com's FREE daily email newsletter.