AMP Capital Investors Ltd grew its position in Symantec Co. (NASDAQ:SYMC) by 64.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 357,987 shares of the technology company’s stock after buying an additional 140,915 shares during the quarter. AMP Capital Investors Ltd owned 0.06% of Symantec worth $7,612,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Piedmont Investment Advisors LLC purchased a new position in shares of Symantec during the 2nd quarter valued at $150,000. Aperio Group LLC grew its holdings in shares of Symantec by 12.1% during the 2nd quarter. Aperio Group LLC now owns 263,697 shares of the technology company’s stock valued at $5,445,000 after acquiring an additional 28,525 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Symantec during the 2nd quarter valued at $361,000. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Symantec by 77.2% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 275,178 shares of the technology company’s stock valued at $5,682,000 after acquiring an additional 119,850 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Symantec by 4.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,916,328 shares of the technology company’s stock valued at $39,572,000 after acquiring an additional 82,585 shares in the last quarter. Institutional investors own 87.83% of the company’s stock.
Several equities analysts have recently commented on SYMC shares. Evercore ISI restated a “hold” rating and set a $22.00 price target on shares of Symantec in a report on Monday, September 17th. Wedbush started coverage on shares of Symantec in a report on Thursday, October 18th. They set a “neutral” rating and a $19.00 price target on the stock. BidaskClub upgraded shares of Symantec from a “sell” rating to a “hold” rating in a report on Saturday, November 3rd. Cowen upgraded shares of Symantec from an “underperform” rating to a “market perform” rating in a report on Tuesday, October 16th. Finally, Stifel Nicolaus boosted their price target on shares of Symantec from $20.00 to $22.00 and gave the company a “hold” rating in a report on Tuesday, September 25th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.11.
Shares of NASDAQ:SYMC opened at $21.78 on Friday. The firm has a market capitalization of $14.03 billion, a P/E ratio of 22.91, a price-to-earnings-growth ratio of 2.79 and a beta of 0.96. Symantec Co. has a 1 year low of $17.49 and a 1 year high of $29.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.00 and a quick ratio of 1.00.
Symantec (NASDAQ:SYMC) last issued its quarterly earnings data on Thursday, November 1st. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.09. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Symantec had a net margin of 25.95% and a return on equity of 13.99%. Symantec’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 earnings per share. As a group, equities analysts anticipate that Symantec Co. will post 1 EPS for the current year.
The firm also recently disclosed 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. This represents a $0.30 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Friday, November 16th. Symantec’s dividend payout ratio is presently 31.58%.
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Symantec Company Profile
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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