Symantec Corporation (SYMC) Shares Bought by IHT Wealth Management LLC

IHT Wealth Management LLC increased its position in shares of Symantec Corporation (NASDAQ:SYMC) by 0.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 650 shares of the technology company’s stock after acquiring an additional 1 shares during the period. IHT Wealth Management LLC’s holdings in Symantec Corporation were worth $108,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of Symantec Corporation by 7.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,982 shares of the technology company’s stock valued at $112,000 after purchasing an additional 292 shares during the period. Sun Life Financial INC boosted its position in shares of Symantec Corporation by 44,100.0% in the 2nd quarter. Sun Life Financial INC now owns 4,420 shares of the technology company’s stock valued at $125,000 after purchasing an additional 4,410 shares during the period. Harfst & Associates Inc. acquired a new position in shares of Symantec Corporation in the 2nd quarter valued at $127,000. Johnson Financial Group Inc. boosted its position in shares of Symantec Corporation by 8.0% in the 1st quarter. Johnson Financial Group Inc. now owns 5,271 shares of the technology company’s stock valued at $162,000 after purchasing an additional 390 shares during the period. Finally, Yakira Capital Management Inc. acquired a new position in shares of Symantec Corporation in the 1st quarter valued at $217,000. 91.65% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on SYMC. Barclays PLC reiterated an “overweight” rating and issued a $36.00 price target (down previously from $38.00) on shares of Symantec Corporation in a research report on Thursday, August 3rd. Zacks Investment Research upgraded Symantec Corporation from a “strong sell” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Tuesday, July 11th. Evercore ISI set a $25.00 price target on Symantec Corporation and gave the company a “hold” rating in a research report on Thursday, August 3rd. Robert W. Baird reiterated a “hold” rating on shares of Symantec Corporation in a research report on Thursday, August 3rd. Finally, BidaskClub lowered Symantec Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eleven have issued a buy rating to the company. Symantec Corporation has a consensus rating of “Hold” and a consensus price target of $31.42.

Symantec Corporation (NASDAQ SYMC) traded up 1.32% during midday trading on Friday, hitting $32.32. The stock had a trading volume of 375,530 shares. The company’s market capitalization is $19.81 billion. The company’s 50-day moving average price is $32.06 and its 200 day moving average price is $30.53. Symantec Corporation has a 52 week low of $22.76 and a 52 week high of $34.20.

Symantec Corporation (NASDAQ:SYMC) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.15 EPS 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 positive return on equity of 10.73% and a negative net margin of 8.68%. The business’s quarterly revenue was up 38.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. On average, analysts expect that Symantec Corporation will post $1.80 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Monday, August 21st were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Thursday, August 17th. Symantec Corporation’s payout ratio is -49.18%.

WARNING: “Symantec Corporation (SYMC) Shares Bought by IHT Wealth Management LLC” was originally reported by Stock Observer and is the property of of Stock Observer. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.thestockobserver.com/2017/10/13/symantec-corporation-symc-shares-bought-by-iht-wealth-management-llc.html.

In other Symantec Corporation news, Director Anita M. Sands sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $30.40, for a total transaction of $60,800.00. Following the completion of the sale, the director now directly owns 41,386 shares of the company’s stock, valued at approximately $1,258,134.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Roxane Divol sold 15,111 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $33.05, for a total value of $499,418.55. Following the sale, the executive vice president now directly owns 114,940 shares of the company’s stock, valued at $3,798,767. The disclosure for this sale can be found here. Insiders sold a total of 1,662,816 shares of company stock valued at $48,437,529 over the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

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.

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

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.

Leave a Reply