WINTON GROUP Ltd lowered its stake in shares of Symantec Co. (NASDAQ:SYMC) by 24.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 432,878 shares of the technology company’s stock after selling 136,552 shares during the period. WINTON GROUP Ltd owned approximately 0.07% of Symantec worth $9,212,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC boosted its stake in Symantec by 355.7% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 6,129 shares of the technology company’s stock valued at $130,000 after purchasing an additional 4,784 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in Symantec during the 2nd quarter valued at about $150,000. American Century Companies Inc. acquired a new position in Symantec during the 3rd quarter valued at about $223,000. Alambic Investment Management L.P. acquired a new position in Symantec during the 2nd quarter valued at about $250,000. Finally, Edge Wealth Management LLC boosted its stake in Symantec by 498.7% during the 3rd quarter. Edge Wealth Management LLC now owns 12,015 shares of the technology company’s stock valued at $256,000 after purchasing an additional 10,008 shares during the last quarter. Institutional investors and hedge funds own 90.21% of the company’s stock.
Shares of NASDAQ SYMC opened at $22.25 on Friday. Symantec Co. has a twelve month low of $17.49 and a twelve month high of $29.73. The company has a market capitalization of $14.57 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 2.90 and a beta of 0.90. The company has a current ratio of 1.00, a quick ratio of 1.10 and a debt-to-equity ratio of 0.75.
Symantec (NASDAQ:SYMC) last announced its earnings results on Thursday, November 1st. The technology company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. Symantec had a return on equity of 13.99% and a net margin of 25.95%. The company’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 EPS. On average, analysts forecast that Symantec Co. will post 1 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Monday, November 19th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, November 16th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.35%. Symantec’s dividend payout ratio (DPR) is presently 31.58%.
A number of research firms have issued reports on SYMC. Stifel Nicolaus lifted their price target on Symantec from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Tuesday, September 25th. BidaskClub downgraded Symantec from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. UBS Group cut their price target on Symantec from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, August 3rd. Evercore ISI reiterated a “hold” rating and set a $22.00 price target on shares of Symantec in a research note on Friday, August 3rd. Finally, ValuEngine upgraded Symantec from a “sell” rating to a “hold” rating in a research note on Tuesday, September 18th. Two analysts have rated the stock with a sell rating, twenty-one have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $23.11.
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Symantec Corporation, together with its subsidiaries, provides cybersecurity solutions worldwide. It operates through two segments, Consumer Digital Safety and Enterprise Security. The Consumer Digital Safety segment provides Norton-branded services that provide multi-layer security services across desktop and mobile operating systems, public Wi-Fi connections, and home networks to defend against online threats to individuals, families, and small businesses.
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