State of Alaska Department of Revenue cut its position in Symantec Corporation (NASDAQ:SYMC) by 28.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 18,141 shares of the technology company’s stock after selling 7,370 shares during the period. State of Alaska Department of Revenue’s holdings in Symantec Corporation were worth $512,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of SYMC. IFP Advisors Inc boosted its position in shares of Symantec Corporation by 0.3% in the first quarter. IFP Advisors Inc now owns 6,283 shares of the technology company’s stock worth $193,000 after buying an additional 19 shares during the last quarter. Mason Street Advisors LLC raised its stake in Symantec Corporation by 0.3% in the first quarter. Mason Street Advisors LLC now owns 85,518 shares of the technology company’s stock worth $2,624,000 after buying an additional 237 shares during the period. Greenwood Capital Associates LLC raised its stake in Symantec Corporation by 1.7% in the first quarter. Greenwood Capital Associates LLC now owns 15,210 shares of the technology company’s stock worth $467,000 after buying an additional 255 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in Symantec Corporation by 1.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 20,120 shares of the technology company’s stock worth $617,000 after buying an additional 290 shares during the period. Finally, Blair William & Co. IL raised its stake in Symantec Corporation by 2.7% in the first quarter. Blair William & Co. IL now owns 13,018 shares of the technology company’s stock worth $372,000 after buying an additional 345 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.
Symantec Corporation (NASDAQ SYMC) traded down 0.77% during mid-day trading on Wednesday, hitting $30.95. The company’s stock had a trading volume of 6,613,150 shares. Symantec Corporation has a 52-week low of $20.47 and a 52-week high of $33.22. The firm’s market cap is $18.83 billion. The firm has a 50 day moving average of $29.53 and a 200-day moving average of $29.72.
Symantec Corporation (NASDAQ:SYMC) last announced its quarterly earnings data on Wednesday, May 10th. The technology company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. Symantec Corporation had a negative net margin of 2.64% and a positive return on equity of 11.06%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the business earned $0.22 earnings per share. The business’s quarterly revenue was up 34.7% compared to the same quarter last year. On average, equities research analysts expect that Symantec Corporation will post $1.79 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This news story was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://stocknewstimes.com/2017/08/02/state-of-alaska-department-of-revenue-sells-7370-shares-of-symantec-corporation-nasdaqsymc-updated.html.
A number of equities research analysts recently commented on SYMC shares. Susquehanna Bancshares Inc started coverage on Symantec Corporation in a research report on Wednesday, June 7th. They set a “neutral” rating and a $32.00 price target on the stock. Barclays PLC set a $32.00 price target on Symantec Corporation and gave the stock a “hold” rating in a research report on Monday, April 10th. Citigroup Inc. restated a “neutral” rating and set a $31.00 price target (up from $29.00) on shares of Symantec Corporation in a research report on Thursday, May 11th. Zacks Investment Research upgraded Symantec Corporation from a “strong sell” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Tuesday, July 11th. Finally, Robert W. Baird restated a “hold” rating on shares of Symantec Corporation in a research report on Saturday, June 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $30.71.
In other news, CAO Mark S. Garfield sold 18,069 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $29.39, for a total transaction of $531,047.91. Following the transaction, the chief accounting officer now owns 92,754 shares in the company, valued at $2,726,040.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anita M. Sands sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $30.16, for a total transaction of $60,320.00. Following the transaction, the director now owns 45,486 shares in the company, valued at approximately $1,371,857.76. The disclosure for this sale can be found here. Insiders have sold 188,943 shares of company stock worth $5,766,330 in the last quarter. Company insiders own 0.76% of the company’s stock.
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.
Receive News & Ratings for Symantec Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Symantec Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
