Published: Thu, June 08, 2017
Money | By Armando Alvarado

Insider Activity of Symantec Corporation (SYMC)


Jackson Square Partners LLC purchased a new stake in Symantec during the third quarter worth $565,123,000. (NASDAQ:SYMC) by 10.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

Analyst Recommendations are opinions given by analysts to their clients about whether a given stock is worth buying or not. IFP Advisors Inc increased its position in Symantec by 0.3% in the first quarter. World Asset Management Inc now owns 65,588 shares of the technology company's stock valued at $1,646,000 after buying an additional 1,590 shares in the last quarter. State Street Corp increased its stake in Symantec by 1.7% in the first quarter. Dodge & Cox bought a new stake in Symantec during the fourth quarter valued at $180,155,000. Finally, TCW Group Inc. boosted its position in shares of Symantec by 1.1% in the fourth quarter. Shell Asset Management Co. now owns 116,342 shares of the technology company's stock worth $2,920,000 after buying an additional 3,172 shares during the period. Institutional investors and hedge funds own 93.90% of the company's stock.

Royal Bank of Canada lowered shares of Symantec Co. (SYMC) opened at 30.27 on Wednesday. Goldman Sachs reinitiated Symantec Corporation (NASDAQ:SYMC) rating on Monday, March 21. The firm has a 50-day moving average price of $31.05 and a 200-day moving average price of $27.63. Symantec Co. has a 52 week low of $17.13 and a 52 week high of $33.22.

Symantec (NASDAQ:SYMC) last posted its quarterly earnings results on Wednesday, May 10th.

As of the last earnings report the EPS was $-0.17 and is estimated to be $1.78 for the current year with 608,240,000 shares now outstanding. The fiscal year 2016 current estimate trend was for $1.18 as compared to FY 2017 current Estimate trends of $1.66. YTD information is useful for analyzing business trends or comparing performance data, and the acronym often modifies concepts such as investment returns, earnings and net pay. During the same period previous year, the business earned $0.22 EPS. Tokio Marine Asset Management Company Ltd stated it has 0.04% of its portfolio in Symantec Corporation (NASDAQ:SYMC). The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Monday, June 5th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.99%.

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Several research analysts have recently issued reports on the company. Current stock price is in the upbeat territory taking into account of 20 days moving average with -3.23% and continued bullish run for 50 days moving average with -1.22%.

On September 15, 2016 Guggenheim Securities initiated coverage on SYMC with a rating of "Buy" and a price target of $30.00. The firm has begun coverage on shares of SYMC in a note revealed to investors and clients on 7 June. Morgan Stanley raised their price objective on shares of Symantec from $33.00 to $37.00 and gave the company an overweight rating in a research report on Wednesday, March 22nd.

04/21/2017 - Symantec Corporation was upgraded to " by analysts at OTR Global. Robert W. Baird restated a "hold" rating on shares of Symantec in a research report on Thursday, May 11th. The weekly volatility was 2.23% for Symantec Corporation, SYMC, making it easy for the traders to interpret how riskier their investment is on this stock. The stock of Symantec Corporation (NASDAQ:SYMC) has "Buy" rating given on Monday, August 22 by Citigroup.

In other Symantec news, CAO Mark S. Garfield sold 11,397 shares of Symantec stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $30.22, for a total transaction of $60,440.00. $811,766 worth of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) shares were sold by Virk Preetinder S. 59,750 MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) shares with value of $3.65 million were sold by OCAMPO JOHN L. $62,505 worth of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) was sold by BLAND CHARLES R. Shares for $5.12M were sold by Croteau John on Monday, April 3. The disclosure for this sale can be found here.

The stock added in the prior trading session by 0.67%, closing at the stock price of $30.27.

Symantec Corporation is a United States cyber security company. The Company offers products under categories, such as threat protection, information protection, cyber security services and Website security.

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