Symantec Co. (SYMC) Holdings Trimmed by Clean Yield Group

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Clean Yield Group trimmed its holdings in Symantec Co. (NASDAQ:SYMC) by 14.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,766 shares of the technology company’s stock after selling 24,743 shares during the quarter. Clean Yield Group’s holdings in Symantec were worth $3,123,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC boosted its position in shares of Symantec by 9.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 52,830 shares of the technology company’s stock valued at $1,365,000 after acquiring an additional 4,376 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Symantec during the 1st quarter valued at approximately $1,509,000. Verition Fund Management LLC bought a new position in shares of Symantec during the 1st quarter valued at approximately $476,000. Millennium Management LLC boosted its position in shares of Symantec by 154.7% during the 1st quarter. Millennium Management LLC now owns 78,982 shares of the technology company’s stock valued at $2,042,000 after acquiring an additional 47,971 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Symantec by 6.9% during the 1st quarter. Legal & General Group Plc now owns 3,582,270 shares of the technology company’s stock valued at $92,584,000 after acquiring an additional 232,376 shares during the last quarter. Institutional investors and hedge funds own 92.05% of the company’s stock.

SYMC stock traded up $0.01 during midday trading on Monday, reaching $19.68. The company’s stock had a trading volume of 3,995,718 shares, compared to its average volume of 8,198,099. Symantec Co. has a 1 year low of $17.81 and a 1 year high of $32.95. The firm has a market cap of $12.23 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 2.77 and a beta of 0.67.

Symantec (NASDAQ:SYMC) last released its earnings results on Thursday, August 2nd. The technology company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Symantec had a return on equity of 14.54% and a net margin of 25.52%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm posted $0.33 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts forecast that Symantec Co. will post 0.9 earnings per share for the current fiscal year.

Several research firms recently weighed in on SYMC. Barclays decreased their price target on Symantec from $23.00 to $21.00 and set an “equal weight” rating on the stock in a report on Monday, August 6th. Stifel Nicolaus decreased their price target on Symantec from $21.00 to $19.00 and set a “hold” rating on the stock in a report on Friday, August 3rd. BidaskClub upgraded Symantec from a “hold” rating to a “buy” rating in a report on Friday, July 6th. UBS Group upgraded Symantec from a “neutral” rating to a “positive” rating in a report on Tuesday, August 21st. Finally, Zacks Investment Research upgraded Symantec from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 10th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and four have assigned a buy rating to the company’s stock. Symantec presently has a consensus rating of “Hold” and a consensus target price of $23.55.

About Symantec

Symantec Corporation, together with its subsidiaries, provides cybersecurity solutions worldwide. It operates through two segments, Consumer Digital Safety and Enterprise Security. The Consumer Digital Safety segment provides Norton-branded services that provide multi-layer security services across desktop and mobile operating systems, public Wi-Fi connections, and home networks to defend against online threats to individuals, families, and small businesses.

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Institutional Ownership by Quarter for Symantec (NASDAQ:SYMC)

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