Oregon Public Employees Retirement Fund Raises Stock Position in Symantec Co. (NASDAQ:SYMC)

Oregon Public Employees Retirement Fund lifted its stake in shares of Symantec Co. (NASDAQ:SYMC) by 5.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,987 shares of the technology company’s stock after acquiring an additional 3,430 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Symantec were worth $1,479,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SYMC. Dimensional Fund Advisors LP increased its position in shares of Symantec by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,607,248 shares of the technology company’s stock worth $30,367,000 after acquiring an additional 53,755 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in Symantec during the fourth quarter valued at approximately $311,000. Thrivent Financial for Lutherans increased its holdings in Symantec by 1.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 27,166 shares of the technology company’s stock valued at $513,000 after buying an additional 479 shares during the period. FMR LLC increased its holdings in Symantec by 44.1% during the fourth quarter. FMR LLC now owns 8,779,685 shares of the technology company’s stock valued at $165,892,000 after buying an additional 2,686,107 shares during the period. Finally, American Century Companies Inc. increased its holdings in Symantec by 4.4% during the fourth quarter. American Century Companies Inc. now owns 10,927 shares of the technology company’s stock valued at $206,000 after buying an additional 460 shares during the period. 92.58% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Peter A. Feld purchased 650,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were acquired at an average cost of $19.51 per share, with a total value of $12,681,500.00. Following the completion of the acquisition, the director now owns 22,117 shares of the company’s stock, valued at $431,502.67. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.90% of the stock is currently owned by insiders.

NASDAQ SYMC traded down $0.48 on Monday, hitting $20.67. The stock had a trading volume of 136,621 shares, compared to its average volume of 10,706,490. The business has a fifty day moving average of $22.49. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 0.85. Symantec Co. has a 52-week low of $17.42 and a 52-week high of $26.07. The company has a market capitalization of $13.06 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 2.12 and a beta of 1.33.

Symantec (NASDAQ:SYMC) last released its quarterly earnings results on Thursday, May 9th. The technology company reported $0.39 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. Symantec had a net margin of 0.59% and a return on equity of 13.05%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, analysts predict that Symantec Co. will post 1.26 EPS for the current fiscal year.

Several equities analysts recently issued reports on SYMC shares. Monness Crespi & Hardt started coverage on shares of Symantec in a report on Wednesday, July 10th. They set a “neutral” rating on the stock. Mizuho raised shares of Symantec from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $22.00 to $23.00 in a report on Monday, June 17th. Wedbush set a $19.00 price objective on shares of Symantec and gave the company a “hold” rating in a report on Monday, July 15th. Goldman Sachs Group raised shares of Symantec from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $23.00 to $28.00 in a report on Monday, April 8th. Finally, Cowen started coverage on shares of Symantec in a report on Thursday, May 23rd. They set a “market perform” rating and a $22.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. Symantec presently has a consensus rating of “Hold” and a consensus price target of $21.64.

About Symantec

Symantec Corporation provides cybersecurity products, services, and solutions worldwide. The company operates through two segments, Enterprise Security and Consumer Digital Safety. The Enterprise Security segment provides endpoint and information protection products, including endpoint security, advanced threat protection, and information protection solutions and their related support services; and network and Web security products, such as network security, Web security, and cloud security solutions and their related support services.

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Institutional Ownership by Quarter for Symantec (NASDAQ:SYMC)

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