Symantec Co. (NASDAQ:SYMC) Director Suzanne M. Vautrinot sold 4,000 shares of Symantec stock in a transaction on Friday, March 9th. The stock was sold at an average price of $27.72, for a total transaction of $110,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Symantec Co. (NASDAQ SYMC) traded down $0.09 during midday trading on Monday, reaching $27.76. 3,738,573 shares of the company were exchanged, compared to its average volume of 6,782,896. The firm has a market capitalization of $17,309.85, a P/E ratio of 18.03, a PEG ratio of 3.19 and a beta of 0.89. Symantec Co. has a 52 week low of $24.94 and a 52 week high of $34.20. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.13.
Symantec (NASDAQ:SYMC) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.05. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.27 billion. Symantec had a net margin of 22.24% and a return on equity of 14.26%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 earnings per share. equities analysts predict that Symantec Co. will post 0.99 earnings per share for the current year.
SYMC has been the topic of several analyst reports. Zacks Investment Research lowered shares of Symantec from a “hold” rating to a “strong sell” rating in a report on Saturday, January 20th. BidaskClub lowered shares of Symantec from a “sell” rating to a “strong sell” rating in a report on Saturday, January 13th. Evercore ISI reaffirmed a “hold” rating and issued a $25.00 price target on shares of Symantec in a report on Friday, January 26th. Credit Suisse Group lowered shares of Symantec from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $36.00 to $30.00 in a report on Monday, January 22nd. Finally, Barclays cut their price target on shares of Symantec from $36.00 to $34.00 and set an “overweight” rating on the stock in a report on Thursday, February 1st. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.87.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. lifted its position in Symantec by 2.3% during the fourth quarter. Franklin Resources Inc. now owns 29,647,490 shares of the technology company’s stock valued at $831,913,000 after purchasing an additional 664,845 shares during the period. Orbis Allan Gray Ltd lifted its position in Symantec by 308.8% during the fourth quarter. Orbis Allan Gray Ltd now owns 29,262,025 shares of the technology company’s stock valued at $821,092,000 after purchasing an additional 22,104,563 shares during the period. CI Global Investments Inc. lifted its position in Symantec by 27.2% during the fourth quarter. CI Global Investments Inc. now owns 12,644,999 shares of the technology company’s stock valued at $354,819,000 after purchasing an additional 2,702,027 shares during the period. Neuberger Berman Group LLC lifted its position in Symantec by 2.5% during the third quarter. Neuberger Berman Group LLC now owns 7,499,042 shares of the technology company’s stock valued at $246,044,000 after purchasing an additional 183,766 shares during the period. Finally, Kensico Capital Management Corp acquired a new position in Symantec during the third quarter valued at $225,241,000. Institutional investors own 95.37% of the company’s stock.
Symantec Company Profile
Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection and cyber security services. 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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