Traders bought shares of Symantec Corporation (NASDAQ:SYMC) on weakness during trading on Monday. $51.48 million flowed into the stock on the tick-up and $26.88 million flowed out of the stock on the tick-down, for a money net flow of $24.60 million into the stock. Of all stocks tracked, Symantec had the 25th highest net in-flow for the day. Symantec traded down ($0.15) for the day and closed at $27.55
A number of equities research analysts have weighed in on SYMC shares. Bank of America lifted their price objective on Symantec from $19.00 to $21.00 and gave the company an “underperform” rating in a report on Thursday, February 1st. BidaskClub downgraded Symantec from a “sell” rating to a “strong sell” rating in a report on Saturday, January 13th. Evercore ISI reaffirmed a “hold” rating and set a $25.00 price objective on shares of Symantec in a report on Thursday, February 1st. Stephens reaffirmed a “hold” rating and set a $29.00 price objective on shares of Symantec in a report on Thursday, February 1st. Finally, CIBC reaffirmed an “outperform” rating and set a $33.00 price objective (down from $35.00) on shares of Symantec in a report on Thursday, November 2nd. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $30.92.
The company has a market cap of $17,080.00, a price-to-earnings ratio of 105.96, a P/E/G ratio of 3.15 and a beta of 0.89. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.13.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Tuesday, February 20th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Friday, February 16th. Symantec’s payout ratio is currently 115.38%.
In other news, EVP Francis C. Rosch sold 57,103 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $27.42, for a total value of $1,565,764.26. Following the transaction, the executive vice president now directly owns 325,026 shares of the company’s stock, valued at approximately $8,912,212.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the stock. Strs Ohio raised its position in Symantec by 3.5% in the 3rd quarter. Strs Ohio now owns 47,434 shares of the technology company’s stock worth $1,556,000 after purchasing an additional 1,619 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Symantec by 6.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 27,997 shares of the technology company’s stock worth $919,000 after purchasing an additional 1,762 shares during the last quarter. Ledyard National Bank raised its position in Symantec by 13.6% in the 4th quarter. Ledyard National Bank now owns 15,870 shares of the technology company’s stock worth $445,000 after purchasing an additional 1,905 shares during the last quarter. Xact Kapitalforvaltning AB raised its position in Symantec by 2.3% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 92,043 shares of the technology company’s stock worth $3,020,000 after purchasing an additional 2,107 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Symantec by 22.8% in the 3rd quarter. Bessemer Group Inc. now owns 11,435 shares of the technology company’s stock worth $375,000 after purchasing an additional 2,124 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.
Symantec Company Profile
Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection and cyber security services. 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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