How Does Symantec Corporation (SYMC) Stack Up Right Now?

Advisory Services Network LLC purchased a new stake in shares of Symantec during the first quarter worth about $142,000. The fund owned 1,094,292 shares of the technology company's stock after selling 107,775 shares during the period. It fall, as 43 investors sold Symantec Corporation shares while 192 reduced holdings. Rothschild Asset Management Inc. now owns 22,941 shares of the technology company's stock valued at $576,000 after buying an additional 2,638 shares in the last quarter. State Street Corp raised its stake in shares of Symantec by 4.2% in the fourth quarter. Finally, APG Asset Management N.V. increased its stake in Symantec by 10.4% in the third quarter. Cleararc Capital Inc. now owns 15,137 shares of the technology company's stock worth $362,000 after buying an additional 43 shares during the period. State Street Corp now owns 27,978,710 shares of the technology company's stock worth $858,386,000 after buying an additional 464,913 shares during the period. During the last 52 weeks, the price has been as high as $33.22 and as low as $17.13. (NASDAQ SYMC) opened at 30.27 on Thursday. The company has a 50-day moving average of $30.89 and a 200-day moving average of $28.36.

Symantec Corporation (SYMC) is an interesting player in the Technology space, with a focus on Security Software & Services.

Equity analysts at Susquehanna has started coverage on shares of Symantec (NASDAQ:SYMC) in an analyst report revealed to clients and investors on Wednesday morning. The technology company reported $0.28 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.28. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. While in the same Quarter Previous year, the Actual EPS was $0.29. LAYBOURNE GERALDINE B also sold $217,671 worth of Symantec Corporation (NASDAQ:SYMC) shares. Stockholders of record on Wednesday, June 7th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.99%. Cappellanti-Wolf Amy L. sold $111,890 worth of Symantec Corporation (NASDAQ:SYMC) on Monday, June 5. Symantec's dividend payout ratio (DPR) is presently 9.35%.

WARNING: "Daiwa Securities Group Inc. (SYMC) Lowered to "Sector Perform" at Royal Bank of Canada" was first posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of USA & worldwide copyright legislation. The legal version of this article can be viewed at Several equities research analysts recently issued reports on SYMC shares. Barclays PLC initiated coverage on Symantec in a research report on Friday, February 10th. They now have a Dollars 32 price target on the stock. Wunderlich upgraded it to "Buy" rating and $30 target in Tuesday, September 13 report. Jefferies Group LLC lifted their price target on shares of Symantec from $29.00 to $31.00 and gave the company a hold rating in a research report on Thursday, May 11th. Morgan Stanley boosted their target price on Symantec from $33.00 to $37.00 and gave the stock an "overweight" rating in a report on Wednesday, March 22nd.

Based on their most recently released notes to investors, 2 analysts have a rating of "buy", 10 analysts "outperform", 16 analysts "hold", 1 analysts "underperform" and 0 analysts "sell". The firm set Neutral rating on the stock. Symantec now has an average rating of "Hold" and a consensus price target of $30.23. Also, Director Anita M. Sands sold 2,000 shares of the business's stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $30.18, for a total transaction of $1,428,841.92. Following the completion of the transaction, the chief financial officer now owns 184,928 shares of the company's stock, valued at $6,000,913.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Francis C. Rosch sold 47,344 shares of the stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $32.45, for a total value of $900,195.45. Susquehanna's target price per share of $32 suggests potential of 5.72 % from the stock's current price. The disclosure for this sale can be found here.

Traders are feeling more bullish on shares of the company of late at least if you consider the fall in short interest.

Symantec Corporation, launched on April 19, 1988, provides security and information management solutions. The Company offers products under categories, such as threat protection, information protection, cyber security services and Website security.

  • Zachary Reyes