Steward Partners Investment Advisory LLC Takes Position in Symantec Co. (NASDAQ:SYMC)

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Steward Partners Investment Advisory LLC acquired a new position in Symantec Co. (NASDAQ:SYMC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,181 shares of the technology company’s stock, valued at approximately $112,000.

Other institutional investors also recently bought and sold shares of the company. Arcadia Investment Management Corp MI acquired a new position in Symantec in the second quarter valued at approximately $39,000. Mizuho Securities Co. Ltd. acquired a new position in Symantec in the first quarter valued at approximately $76,000. CX Institutional lifted its stake in Symantec by 40.0% in the second quarter. CX Institutional now owns 3,937 shares of the technology company’s stock valued at $86,000 after buying an additional 1,124 shares during the period. Investors Research Corp acquired a new position in Symantec in the first quarter valued at approximately $106,000. Finally, Whittier Trust Co. lifted its stake in Symantec by 75.1% in the first quarter. Whittier Trust Co. now owns 7,510 shares of the technology company’s stock valued at $173,000 after buying an additional 3,220 shares during the period. 90.06% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on the company. Evercore ISI set a $22.00 price target on Symantec and gave the company a “hold” rating in a research note on Friday, August 9th. Wedbush set a $19.00 price target on Symantec and gave the company a “hold” rating in a research note on Monday, July 15th. Zacks Investment Research raised Symantec from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. ValuEngine downgraded Symantec from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. Finally, Robert W. Baird restated a “hold” rating and set a $22.00 price objective on shares of Symantec in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $22.75.

Shares of NASDAQ SYMC traded up $1.05 during midday trading on Friday, hitting $24.52. 15,520,230 shares of the stock traded hands, compared to its average volume of 8,280,939. The company has a market cap of $14.51 billion, a PE ratio of 20.96, a P/E/G ratio of 2.57 and a beta of 1.30. Symantec Co. has a one year low of $17.42 and a one year high of $26.07. The business has a 50 day moving average price of $22.71 and a two-hundred day moving average price of $22.29. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.71 and a current ratio of 0.71.

Symantec (NASDAQ:SYMC) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.11. Symantec had a return on equity of 14.94% and a net margin of 2.43%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. Symantec’s revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts forecast that Symantec Co. will post 1.33 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Monday, August 26th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.30 dividend on an annualized basis and a yield of 1.22%. Symantec’s dividend payout ratio (DPR) is presently 25.64%.

In other Symantec news, Director Peter A. Feld acquired 1,325,814 shares of Symantec stock in a transaction on Wednesday, August 14th. The stock was purchased at an average price of $22.95 per share, for a total transaction of $30,427,431.30. Following the purchase, the director now directly owns 24,685 shares of the company’s stock, valued at $566,520.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.90% of the stock is owned by corporate insiders.

Symantec Company Profile

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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