Voya Financial Advisors Inc. Takes $201,000 Position in Symantec Co. (NASDAQ:SYMC)

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Voya Financial Advisors Inc. bought a new stake in shares of Symantec Co. (NASDAQ:SYMC) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 8,545 shares of the technology company’s stock, valued at approximately $201,000.

Other institutional investors have also added to or reduced their stakes in the company. FinTrust Capital Advisors LLC boosted its stake in shares of Symantec by 995.1% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 1,347 shares of the technology company’s stock valued at $29,000 after buying an additional 1,224 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Symantec by 319.5% during the 3rd quarter. AdvisorNet Financial Inc now owns 1,678 shares of the technology company’s stock valued at $40,000 after buying an additional 1,278 shares during the last quarter. CSat Investment Advisory L.P. boosted its stake in shares of Symantec by 126.3% during the 2nd quarter. CSat Investment Advisory L.P. now owns 2,123 shares of the technology company’s stock valued at $46,000 after buying an additional 1,185 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Symantec by 2,301.2% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,017 shares of the technology company’s stock valued at $48,000 after buying an additional 1,933 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Symantec during the 2nd quarter valued at approximately $57,000. Institutional investors own 90.27% of the company’s stock.

In related news, EVP Samir Kapuria sold 9,674 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $23.58, for a total transaction of $228,112.92. Following the transaction, the executive vice president now directly owns 367,818 shares in the company, valued at $8,673,148.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 29,022 shares of company stock worth $678,825 over the last 90 days. 1.90% of the stock is currently owned by company insiders.

SYMC has been the subject of several research analyst reports. Argus reiterated a “hold” rating on shares of Symantec in a research note on Tuesday, August 13th. William Blair reiterated a “market perform” rating on shares of Symantec in a research note on Friday, August 9th. Evercore ISI set a $22.00 target price on Symantec and gave the company a “hold” rating in a research note on Friday, August 9th. Morgan Stanley upgraded Symantec from an “underweight” rating to an “equal weight” rating and set a $27.00 target price for the company in a research note on Friday, August 9th. Finally, ValuEngine cut Symantec from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $23.18.

Shares of SYMC opened at $24.90 on Tuesday. The business’s fifty day moving average price is $23.61 and its 200 day moving average price is $22.61. Symantec Co. has a 12-month low of $17.42 and a 12-month high of $26.07. The stock has a market capitalization of $15.39 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 3.77 and a beta of 1.28. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.71 and a quick ratio of 0.71.

Symantec 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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