The Analytic Investors LLC Purchases Shares of 2,517,952 Symantec Corp. (SYMC)

The Analytic Investors LLC Purchases Shares of 2,517,952 Symantec Corp. (SYMC)

Analytic Investors LLC purchased a new position in shares of Symantec Corp. (NASDAQ:SYMC) during the third quarter, Holdings Channel reports. The fund purchased 2,517,952 shares of the company’s stock, valued at approximately $63,199,000. Analytic Investors LLC owned approximately 0.40% of Symantec Corp. as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SYMC. HBK Investments L P boosted its stake in Symantec Corp. by 90.6% in the third quarter. HBK Investments L P now owns 1,462,500 shares of the company’s stock worth $36,709,000 after buying an additional 695,386 shares during the period. Advantus Capital Management Inc boosted its stake in Symantec Corp. by 1.7% in the third quarter. Advantus Capital Management Inc now owns 60,459 shares of the company’s stock worth $1,518,000 after buying an additional 1,036 shares during the period. Brown Brothers Harriman & Co. boosted its stake in Symantec Corp. by 17,838.5% in the third quarter. Brown Brothers Harriman & Co. now owns 35,877 shares of the company’s stock worth $901,000 after buying an additional 35,677 shares during the period. Bragg Financial Advisors Inc boosted its stake in Symantec Corp. by 1.9% in the third quarter. Bragg Financial Advisors Inc now owns 141,580 shares of the company’s stock worth $3,554,000 after buying an additional 2,700 shares during the period. Finally, OMERS ADMINISTRATION Corp boosted its stake in Symantec Corp. by 33.1% in the third quarter. OMERS ADMINISTRATION Corp now owns 137,200 shares of the company’s stock worth $3,444,000 after buying an additional 34,100 shares during the period. Institutional investors own 93.05% of the company’s stock.

Symantec Corp. (NASDAQ:SYMC) opened at 26.41 on Thursday. The firm has a 50-day moving average price of $24.63 and a 200 day moving average price of $23.80. The firm has a market capitalization of $16.46 billion, a P/E ratio of 7.63 and a beta of 1.18. Symantec Corp. has a one year low of $16.14 and a one year high of $26.69.

Symantec Corp. (NASDAQ:SYMC) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.10. Symantec Corp. had a net margin of 60.52% and a return on equity of 11.62%. The business had revenue of $979 million for the quarter, compared to analyst estimates of $978.86 million. During the same quarter last year, the business earned $0.44 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts anticipate that Symantec Corp. will post $1.16 earnings per share for the current year.

Several brokerages recently issued reports on SYMC. Wells Fargo & Co. restated a “hold” rating on shares of Symantec Corp. in a research report on Sunday, September 25th. Zacks Investment Research upgraded Symantec Corp. from a “sell” rating to a “hold” rating and set a $27.00 price target on the stock in a research report on Tuesday, January 3rd. MKM Partners boosted their price target on Symantec Corp. from $21.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, November 2nd. FBN Securities began coverage on Symantec Corp. in a research report on Thursday, October 13th. They issued an “outperform” rating and a $29.00 price target on the stock. Finally, JMP Securities restated a “buy” rating on shares of Symantec Corp. in a research report on Tuesday, November 22nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $26.03.

In related news, EVP Scott C. Taylor sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $26.07, for a total transaction of $208,560.00. Following the completion of the sale, the executive vice president now directly owns 248,577 shares in the company, valued at $6,480,402.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael David Fey sold 13,214 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $25.13, for a total transaction of $332,067.82. Following the sale, the insider now owns 288,953 shares of the company’s stock, valued at $7,261,388.89. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

Symantec Corp. Company Profile

Symantec Corporation is a United States-based cybersecurity company. The Company operates its business on a global civilian cyber intelligence threat network and tracks a range of threats across the Internet from various mobile devices, endpoints and servers across the globe. The Company’s segments include Consumer Security and Enterprise Security.

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