Symantec Corporation (NASDAQ:SYMC) Director Anita M. Sands Sells 2,000 Shares

Symantec Corporation (NASDAQ:SYMC) Director Anita M. Sands sold 2,000 shares of Symantec Corporation stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $30.00, for a total transaction of $60,000.00. Following the transaction, the director now owns 43,386 shares in the company, valued at approximately $1,301,580. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Symantec Corporation (SYMC) opened at 28.49 on Wednesday. The stock has a 50 day moving average of $29.63 and a 200-day moving average of $29.73. Symantec Corporation has a 12-month low of $21.50 and a 12-month high of $33.22. The company’s market capitalization is $17.35 billion.

Symantec Corporation (NASDAQ:SYMC) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. The company’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share. Equities research analysts forecast that Symantec Corporation will post $1.80 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Monday, August 21st will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Thursday, August 17th. Symantec Corporation’s dividend payout ratio is currently -49.18%.

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A number of large investors have recently added to or reduced their stakes in SYMC. Westpac Banking Corp boosted its stake in Symantec Corporation by 69.2% in the first quarter. Westpac Banking Corp now owns 60,637 shares of the technology company’s stock valued at $1,115,000 after buying an additional 24,805 shares during the last quarter. Telemus Capital LLC boosted its stake in Symantec Corporation by 14.7% in the first quarter. Telemus Capital LLC now owns 32,375 shares of the technology company’s stock valued at $993,000 after buying an additional 4,155 shares during the last quarter. Kwmg LLC boosted its stake in Symantec Corporation by 61.0% in the first quarter. Kwmg LLC now owns 56,378 shares of the technology company’s stock valued at $1,730,000 after buying an additional 21,367 shares during the last quarter. Dodge & Cox purchased a new stake in Symantec Corporation during the fourth quarter valued at about $180,155,000. Finally, Spirit of America Management Corp NY boosted its stake in Symantec Corporation by 9.9% in the second quarter. Spirit of America Management Corp NY now owns 26,200 shares of the technology company’s stock valued at $740,000 after buying an additional 2,350 shares during the last quarter. Hedge funds and other institutional investors own 93.82% of the company’s stock.

Several brokerages have recently weighed in on SYMC. UBS AG cut shares of Symantec Corporation from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $31.00 to $33.00 in a research note on Thursday, May 18th. Robert W. Baird reiterated a “hold” rating on shares of Symantec Corporation in a research note on Thursday, August 3rd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $35.00 price target (up previously from $33.00) on shares of Symantec Corporation in a research note on Friday, August 4th. Evercore ISI set a $25.00 price target on shares of Symantec Corporation and gave the stock a “hold” rating in a research note on Saturday, June 10th. Finally, BidaskClub cut shares of Symantec Corporation from a “buy” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $31.00.

About Symantec Corporation

Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection, cyber security services and Website security. Under threat protection, it offers Advanced Threat Protection, Endpoint Protection, Endpoint Protection Cloud, IT Management Suite, Email Security.Cloud, Data Center Security and Cloud Workload Protection products.

Insider Buying and Selling by Quarter for Symantec Corporation (NASDAQ:SYMC)

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