Aperio Group LLC Sells 9,643 Shares of Symantec Corporation (SYMC)
Aperio Group LLC reduced its position in Symantec Corporation (NASDAQ:SYMC) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 242,713 shares of the technology company’s stock after selling 9,643 shares during the quarter. Aperio Group LLC’s holdings in Symantec were worth $6,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. Weatherly Asset Management L. P. increased its position in Symantec by 7.3% in the fourth quarter. Weatherly Asset Management L. P. now owns 82,597 shares of the technology company’s stock worth $2,318,000 after buying an additional 5,626 shares during the last quarter. Bessemer Group Inc. increased its position in Symantec by 33.8% in the fourth quarter. Bessemer Group Inc. now owns 15,296 shares of the technology company’s stock worth $429,000 after buying an additional 3,861 shares during the last quarter. Cambiar Investors LLC increased its position in Symantec by 78.4% in the fourth quarter. Cambiar Investors LLC now owns 2,088,120 shares of the technology company’s stock worth $58,593,000 after buying an additional 917,448 shares during the last quarter. Ledyard National Bank increased its position in Symantec by 13.6% in the fourth quarter. Ledyard National Bank now owns 15,870 shares of the technology company’s stock worth $445,000 after buying an additional 1,905 shares during the last quarter. Finally, LMR Partners LLP increased its position in Symantec by 199.2% in the fourth quarter. LMR Partners LLP now owns 42,616 shares of the technology company’s stock worth $1,196,000 after buying an additional 28,373 shares during the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.
Shares of Symantec Corporation (NASDAQ:SYMC) opened at $26.10 on Tuesday. The stock has a market capitalization of $16,180.00, a price-to-earnings ratio of 17.76, a P/E/G ratio of 2.97 and a beta of 0.89. Symantec Corporation has a 52 week low of $24.94 and a 52 week high of $34.20. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.15 and a current ratio of 1.15.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Friday, February 16th. Symantec’s dividend payout ratio (DPR) is currently 20.41%.
In other Symantec news, EVP Francis C. Rosch sold 57,103 shares of Symantec stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $27.42, for a total transaction of $1,565,764.26. Following the completion of the sale, the executive vice president now owns 325,026 shares of the company’s stock, valued at $8,912,212.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.
SYMC has been the subject of a number of recent research reports. Barclays reissued a “buy” rating and issued a $36.00 target price on shares of Symantec in a research report on Thursday, November 2nd. Oppenheimer reaffirmed a “buy” rating and issued a $31.00 price target on shares of Symantec in a report on Thursday, February 1st. Morgan Stanley cut their price target on Symantec from $34.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, November 3rd. BidaskClub raised Symantec from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $27.00 price target on shares of Symantec in a report on Friday, November 3rd. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $30.92.
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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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