Symantec Co. (SYMC) Shares Sold by First Trust Advisors LP

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First Trust Advisors LP lowered its position in Symantec Co. (NASDAQ:SYMC) by 0.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,327,702 shares of the technology company’s stock after selling 37,704 shares during the period. First Trust Advisors LP’s holdings in Symantec were worth $145,474,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Legal & General Group Plc grew its position in Symantec by 12.8% during the third quarter. Legal & General Group Plc now owns 4,103,725 shares of the technology company’s stock valued at $87,328,000 after acquiring an additional 464,098 shares during the period. Vanguard Group Inc grew its position in Symantec by 1.4% during the third quarter. Vanguard Group Inc now owns 65,537,473 shares of the technology company’s stock valued at $1,394,637,000 after acquiring an additional 902,112 shares during the period. Nisa Investment Advisors LLC grew its position in Symantec by 9.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 112,829 shares of the technology company’s stock valued at $2,132,000 after acquiring an additional 9,440 shares during the period. IFM Investors Pty Ltd grew its position in Symantec by 10.8% during the fourth quarter. IFM Investors Pty Ltd now owns 36,229 shares of the technology company’s stock valued at $685,000 after acquiring an additional 3,523 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Symantec by 4.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 158,178 shares of the technology company’s stock valued at $2,989,000 after acquiring an additional 6,178 shares during the period. Institutional investors own 89.90% of the company’s stock.

Several equities research analysts have recently weighed in on SYMC shares. Zacks Investment Research raised Symantec from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Wednesday, January 30th. Goldman Sachs Group raised Symantec from a “neutral” rating to a “buy” rating and upped their target price for the stock from $23.00 to $28.00 in a research report on Monday, April 8th. Evercore ISI reaffirmed a “hold” rating and issued a $22.00 target price on shares of Symantec in a research report on Monday, February 4th. Credit Suisse Group reaffirmed a “hold” rating and issued a $23.00 target price on shares of Symantec in a research report on Friday, February 1st. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $25.00 target price on shares of Symantec in a research report on Friday, February 1st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $22.13.

In related news, Director Suzanne M. Vautrinot sold 18,000 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $24.01, for a total value of $432,180.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Matthew Charles Brown sold 5,393 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $21.90, for a total value of $118,106.70. Following the completion of the transaction, the vice president now directly owns 58,514 shares of the company’s stock, valued at approximately $1,281,456.60. The disclosure for this sale can be found here. Insiders sold 1,052,927 shares of company stock valued at $24,563,645 in the last three months. 1.90% of the stock is currently owned by company insiders.

Shares of SYMC opened at $20.10 on Friday. The stock has a market capitalization of $12.77 billion, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 2.06 and a beta of 1.09. Symantec Co. has a one year low of $17.42 and a one year high of $24.77. The company has a quick ratio of 1.02, a current ratio of 0.85 and a debt-to-equity ratio of 0.69.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Monday, June 10th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Friday, June 7th. Symantec’s dividend payout ratio is currently 25.64%.

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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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