Strs Ohio Trims Holdings in Symantec Co. (NASDAQ:SYMC)

Strs Ohio lessened its holdings in Symantec Co. (NASDAQ:SYMC) by 86.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,867 shares of the technology company’s stock after selling 48,705 shares during the period. Strs Ohio’s holdings in Symantec were worth $162,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. M&T Bank Corp increased its position in Symantec by 16.2% during the 1st quarter. M&T Bank Corp now owns 57,366 shares of the technology company’s stock worth $1,483,000 after buying an additional 7,980 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of Symantec by 24.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 47,896 shares of the technology company’s stock worth $1,238,000 after purchasing an additional 9,500 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Symantec by 3.2% during the 1st quarter. Riverhead Capital Management LLC now owns 67,971 shares of the technology company’s stock worth $1,757,000 after purchasing an additional 2,097 shares in the last quarter. US Bancorp DE grew its holdings in shares of Symantec by 31.2% during the 1st quarter. US Bancorp DE now owns 91,702 shares of the technology company’s stock worth $2,371,000 after purchasing an additional 21,819 shares in the last quarter. Finally, ClariVest Asset Management LLC grew its holdings in shares of Symantec by 8.4% during the 1st quarter. ClariVest Asset Management LLC now owns 53,000 shares of the technology company’s stock worth $1,370,000 after purchasing an additional 4,100 shares in the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

Several analysts have recently issued reports on SYMC shares. BidaskClub raised Symantec from a “hold” rating to a “buy” rating in a report on Friday, July 6th. Morgan Stanley reduced their target price on Symantec from $26.00 to $23.00 and set an “equal weight” rating on the stock in a report on Monday, June 25th. Barclays reduced their target price on Symantec from $23.00 to $21.00 and set an “equal weight” rating on the stock in a report on Monday, August 6th. Zacks Investment Research raised Symantec from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 10th. Finally, Stifel Nicolaus reduced their price objective on Symantec from $21.00 to $19.00 and set a “hold” rating on the stock in a research note on Friday, August 3rd. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have assigned a buy rating to the stock. Symantec has a consensus rating of “Hold” and a consensus price target of $24.71.

Shares of SYMC stock opened at $20.34 on Tuesday. Symantec Co. has a 12 month low of $17.81 and a 12 month high of $33.25. The stock has a market cap of $13.23 billion, a PE ratio of 21.41, a PEG ratio of 2.99 and a beta of 0.67.

Symantec (NASDAQ:SYMC) last announced its quarterly earnings results on Thursday, August 2nd. The technology company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. Symantec had a return on equity of 14.54% and a net margin of 25.52%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the firm posted $0.33 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts anticipate that Symantec Co. will post 0.9 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 12th. Stockholders of record on Monday, August 20th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Friday, August 17th. Symantec’s payout ratio is 31.58%.

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.

Featured Article: What is a Tariff?

Institutional Ownership by Quarter for Symantec (NASDAQ:SYMC)

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

Leave a Reply