The Symantec Corporation (SYMC) COO Michael David Fey Sells 13,215 Shares

The Symantec Corporation (SYMC) COO Michael David Fey Sells 13,215 Shares

Symantec Corporation (NASDAQ:SYMC) COO Michael David Fey sold 13,215 shares of the business’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $25.87, for a total transaction of $341,872.05. Following the sale, the chief operating officer now directly owns 288,954 shares of the company’s stock, valued at approximately $7,475,239.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Michael David Fey also recently made the following trade(s):

Symantec Corporation (NASDAQ:SYMC) traded up 0.80% during trading on Wednesday, hitting $26.41. 9,641,811 shares of the stock were exchanged. Symantec Corporation has a 12 month low of $16.14 and a 12 month high of $26.69. The stock’s 50 day moving average price is $24.63 and its 200 day moving average price is $23.80. The stock has a market cap of $16.46 billion, a P/E ratio of 7.63 and a beta of 1.18.

Symantec Corporation (NASDAQ:SYMC) last issued its earnings results on Thursday, November 3rd. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.10. Symantec Corporation had a net margin of 60.52% and a return on equity of 11.62%. The company had revenue of $979 million for the quarter, compared to the consensus estimate of $978.86 million. During the same period in the previous year, the firm earned $0.44 earnings per share. Symantec Corporation’s quarterly revenue was up 8.1% compared to the same quarter last year. Analysts forecast that Symantec Corporation will post $1.16 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of SYMC. Tower Research Capital LLC TRC increased its position in shares of Symantec Corporation by 339.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,317 shares of the company’s stock worth $109,000 after buying an additional 4,108 shares during the period. BKS Advisors LLC purchased a new position in shares of Symantec Corporation during the third quarter worth approximately $113,000. Advisor Group Inc. increased its position in shares of Symantec Corporation by 18.3% in the third quarter. Advisor Group Inc. now owns 4,636 shares of the company’s stock worth $117,000 after buying an additional 717 shares during the period. Johnson Financial Group Inc. increased its position in shares of Symantec Corporation by 10,503.6% in the second quarter. Johnson Financial Group Inc. now owns 5,938 shares of the company’s stock worth $122,000 after buying an additional 5,882 shares during the period. Finally, MSI Financial Services Inc increased its position in shares of Symantec Corporation by 8.1% in the third quarter. MSI Financial Services Inc now owns 5,618 shares of the company’s stock worth $141,000 after buying an additional 420 shares during the period. 93.05% of the stock is currently owned by institutional investors.

SYMC has been the subject of several recent analyst reports. Wells Fargo & Company reaffirmed a “hold” rating on shares of Symantec Corporation in a report on Sunday, September 25th. Zacks Investment Research raised shares of Symantec Corporation from a “sell” rating to a “hold” rating and set a $27.00 target price for the company in a report on Tuesday, January 3rd. MKM Partners upped their target price on shares of Symantec Corporation from $21.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, November 2nd. FBN Securities initiated coverage on shares of Symantec Corporation in a report on Thursday, October 13th. They issued an “outperform” rating and a $29.00 target price for the company. Finally, JMP Securities reaffirmed a “buy” rating on shares of Symantec Corporation in a report on Tuesday, November 22nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $26.03.

Symantec Corporation 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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