Exxonmobil Investment Management Inc. TX cut its position in shares of Symantec Corporation (NASDAQ:SYMC) by 12.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 98,580 shares of the technology company’s stock after selling 13,644 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Symantec were worth $2,766,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of SYMC. Private Advisor Group LLC grew its holdings in shares of Symantec by 18.4% during the second quarter. Private Advisor Group LLC now owns 12,666 shares of the technology company’s stock worth $367,000 after buying an additional 1,969 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Symantec by 7.2% during the second quarter. Alliancebernstein L.P. now owns 1,173,589 shares of the technology company’s stock worth $33,154,000 after buying an additional 79,297 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Symantec by 7.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,982 shares of the technology company’s stock worth $112,000 after buying an additional 292 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Symantec by 128.4% during the second quarter. Ameriprise Financial Inc. now owns 1,552,742 shares of the technology company’s stock worth $43,801,000 after buying an additional 872,905 shares in the last quarter. Finally, Nationwide Fund Advisors grew its holdings in shares of Symantec by 2.0% during the second quarter. Nationwide Fund Advisors now owns 484,941 shares of the technology company’s stock worth $13,700,000 after buying an additional 9,689 shares in the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.
In other news, EVP Francis C. Rosch sold 57,103 shares of the firm’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 completion of the sale, the executive vice president now directly owns 325,026 shares of the company’s stock, valued at $8,912,212.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Nicholas R. Noviello sold 375,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $29.38, for a total value of $11,017,500.00. Following the completion of the sale, the chief financial officer now directly owns 565,319 shares of the company’s stock, valued at $16,609,072.22. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
A number of research analysts recently issued reports on the company. BidaskClub downgraded Symantec from a “sell” rating to a “strong sell” rating in a report on Saturday. Piper Jaffray Companies set a $40.00 price objective on Symantec and gave the stock a “buy” rating in a report on Sunday, October 15th. Deutsche Bank assumed coverage on Symantec in a report on Tuesday, December 19th. They set a “hold” rating and a $30.00 price objective for the company. Stifel Nicolaus reiterated a “hold” rating and set a $27.00 price objective on shares of Symantec in a report on Friday, November 3rd. Finally, CIBC reiterated 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. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $32.29.
Symantec Corporation (NASDAQ SYMC) opened at $28.82 on Friday. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $17,870.00, a P/E ratio of -49.69, a price-to-earnings-growth ratio of 2.91 and a beta of 1.07. Symantec Corporation has a one year low of $25.64 and a one year high of $34.20.
Symantec (NASDAQ:SYMC) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.14. Symantec had a positive return on equity of 12.33% and a negative net margin of 5.29%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the company earned $0.30 earnings per share. The business’s revenue was up 25.7% compared to the same quarter last year. equities research analysts predict that Symantec Corporation will post 1.05 EPS for the current year.
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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