Symantec Corporation (SYMC) Holdings Raised by ThornTree Capital Partners LP

ThornTree Capital Partners LP raised its position in Symantec Corporation (NASDAQ:SYMC) by 16.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 342,017 shares of the technology company’s stock after purchasing an additional 48,855 shares during the period. Symantec Corporation accounts for 4.5% of ThornTree Capital Partners LP’s investment portfolio, making the stock its 14th largest holding. ThornTree Capital Partners LP owned approximately 0.06% of Symantec Corporation worth $9,662,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Symantec Corporation by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 60,438,125 shares of the technology company’s stock valued at $1,854,242,000 after buying an additional 1,611,647 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Symantec Corporation by 2,815.1% in the 1st quarter. BlackRock Inc. now owns 40,975,309 shares of the technology company’s stock valued at $1,257,121,000 after buying an additional 39,569,694 shares in the last quarter. State Street Corp boosted its holdings in shares of Symantec Corporation by 1.7% in the 1st quarter. State Street Corp now owns 27,978,710 shares of the technology company’s stock valued at $858,386,000 after buying an additional 464,913 shares in the last quarter. FMR LLC boosted its holdings in shares of Symantec Corporation by 41.9% in the 1st quarter. FMR LLC now owns 10,420,611 shares of the technology company’s stock valued at $319,703,000 after buying an additional 3,076,263 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its holdings in shares of Symantec Corporation by 21.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 9,786,173 shares of the technology company’s stock valued at $276,459,000 after buying an additional 1,757,218 shares in the last quarter. 91.72% of the stock is currently owned by institutional investors.

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Symantec Corporation (SYMC) traded up 1.381% during mid-day trading on Friday, hitting $33.405. 2,837,057 shares of the stock traded hands. The firm’s market cap is $20.47 billion. The stock has a 50-day moving average of $29.91 and a 200 day moving average of $30.09. Symantec Corporation has a 1-year low of $22.76 and a 1-year high of $34.17.

Symantec Corporation (NASDAQ:SYMC) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. The business had revenue of $1.23 billion during 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 quarterly revenue was up 38.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 earnings per share. On average, equities analysts expect that Symantec Corporation will post $1.81 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Monday, August 21st were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, August 17th. Symantec Corporation’s payout ratio is currently -49.18%.

Several research analysts have recently issued reports on the stock. Barclays PLC restated an “overweight” rating and issued a $36.00 target price (down previously from $38.00) on shares of Symantec Corporation in a report on Thursday, August 3rd. Robert W. Baird restated a “hold” rating and issued a $32.00 target price on shares of Symantec Corporation in a report on Friday, September 8th. Royal Bank Of Canada restated a “hold” rating and issued a $32.00 target price on shares of Symantec Corporation in a report on Monday, July 31st. BidaskClub upgraded shares of Symantec Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $35.00 target price (up previously from $33.00) on shares of Symantec Corporation in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $31.54.

In related news, CEO Gregory S. Clark sold 186,433 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $30.00, for a total value of $5,592,990.00. Following the completion of the sale, the chief executive officer now owns 1,321,671 shares of the company’s stock, valued at $39,650,130. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael David Fey sold 1,348,831 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $28.84, for a total transaction of $38,900,286.04. Following the completion of the sale, the insider now directly owns 1,605,757 shares of the company’s stock, valued at approximately $46,310,031.88. The disclosure for this sale can be found here. Insiders sold 1,672,732 shares of company stock valued at $48,674,230 in the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Symantec Corporation Company Profile

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.

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Institutional Ownership by Quarter for Symantec Corporation (NASDAQ:SYMC)

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