BNP Paribas Arbitrage SA Has $10.89 Million Position in Symantec (SYMC)
BNP Paribas Arbitrage SA increased its stake in shares of Symantec (NASDAQ:SYMC) by 34.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 421,393 shares of the technology company’s stock after buying an additional 108,968 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Symantec were worth $10,893,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in SYMC. Optimum Investment Advisors purchased a new position in Symantec during the first quarter worth approximately $129,000. Dupont Capital Management Corp lifted its position in Symantec by 117.9% during the first quarter. Dupont Capital Management Corp now owns 5,265 shares of the technology company’s stock worth $136,000 after buying an additional 2,849 shares in the last quarter. Delpha Capital Management LLC purchased a new position in Symantec during the fourth quarter worth approximately $162,000. Genesee Valley Trust Co. purchased a new position in Symantec during the fourth quarter worth approximately $209,000. Finally, Intact Investment Management Inc. purchased a new position in Symantec during the first quarter worth approximately $214,000. Hedge funds and other institutional investors own 94.49% of the company’s stock.
In related news, Director Suzanne M. Vautrinot sold 4,000 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $27.72, for a total transaction of $110,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Francis C. Rosch sold 51,899 shares of the business’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $26.59, for a total value of $1,379,994.41. Following the transaction, the executive vice president now directly owns 213,026 shares of the company’s stock, valued at $5,664,361.34. The disclosure for this sale can be found here. Insiders sold 97,183 shares of company stock valued at $2,630,726 over the last ninety days. Insiders own 1.30% of the company’s stock.
Shares of Symantec opened at $20.78 on Friday, according to Marketbeat.com. Symantec has a twelve month low of $18.85 and a twelve month high of $34.20. The company has a quick ratio of 1.15, a current ratio of 1.11 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $13.06 billion, a PE ratio of 21.87, a PEG ratio of 2.96 and a beta of 0.86.
Symantec (NASDAQ:SYMC) last issued its quarterly earnings data on Thursday, May 10th. The technology company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.07. Symantec had a return on equity of 16.24% and a net margin of 23.98%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the firm posted $0.28 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. research analysts anticipate that Symantec will post 0.86 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 20th. Stockholders of record on Friday, June 8th will be paid a $0.075 dividend. The ex-dividend date is Thursday, June 7th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.44%. Symantec’s payout ratio is presently 31.58%.
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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