Nomura Asset Management Co. Ltd. grew its holdings in shares of Symantec (NASDAQ:SYMC) by 8.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,982 shares of the technology company’s stock after purchasing an additional 8,140 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Symantec were worth $2,662,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Glen Harbor Capital Management LLC boosted its position in shares of Symantec by 3.1% during the 1st quarter. Glen Harbor Capital Management LLC now owns 61,842 shares of the technology company’s stock worth $1,599,000 after acquiring an additional 1,848 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of Symantec by 3.2% during the 1st quarter. Riverhead Capital Management LLC now owns 67,971 shares of the technology company’s stock worth $1,757,000 after acquiring an additional 2,097 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Symantec by 0.8% during the 4th quarter. Retirement Systems of Alabama now owns 300,450 shares of the technology company’s stock worth $8,431,000 after acquiring an additional 2,305 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Symantec by 20.7% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 13,909 shares of the technology company’s stock worth $360,000 after acquiring an additional 2,384 shares in the last quarter. Finally, New Mexico Educational Retirement Board boosted its position in shares of Symantec by 4.6% during the 4th quarter. New Mexico Educational Retirement Board now owns 59,097 shares of the technology company’s stock worth $1,658,000 after acquiring an additional 2,600 shares in the last quarter. Hedge funds and other institutional investors own 94.55% of the company’s stock.

SYMC has been the topic of several analyst reports. BidaskClub upgraded shares of Symantec from a “hold” rating to a “buy” rating in a research report on Thursday, April 26th. Zacks Investment Research lowered shares of Symantec from a “hold” rating to a “sell” rating in a research report on Tuesday, April 3rd. Standpoint Research upgraded shares of Symantec from a “hold” rating to a “buy” rating in a research report on Friday, April 6th. JMP Securities lowered shares of Symantec from an “outperform” rating to a “market perform” rating in a research report on Friday, April 27th. Finally, Moffett Nathanson lowered shares of Symantec from a “neutral” rating to a “sell” rating and set a $20.00 price target on the stock. in a research report on Friday, May 11th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $28.05.

In other news, EVP Scott C. Taylor sold 41,284 shares of the firm’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $27.61, for a total transaction of $1,139,851.24. Following the completion of the transaction, the executive vice president now owns 188,426 shares of the company’s stock, valued at $5,202,441.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Shares of Symantec opened at $21.43 on Wednesday, MarketBeat.com reports. The company has a market capitalization of $13.18 billion, a P/E ratio of 22.56, a P/E/G ratio of 2.98 and a beta of 0.81. The company has a quick ratio of 1.15, a current ratio of 1.11 and a debt-to-equity ratio of 0.99. Symantec has a one year low of $18.85 and a one year high of $34.20.

Symantec (NASDAQ:SYMC) last issued its quarterly earnings data on Thursday, May 10th. The technology company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.07. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. Symantec had a net margin of 23.98% and a return on equity of 16.24%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. research analysts forecast that Symantec will post 0.86 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 20th. Investors of record on Friday, June 8th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.40%. The ex-dividend date is Thursday, June 7th. Symantec’s payout ratio is 31.58%.

Symantec Profile

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.

Want to see what other hedge funds are holding SYMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Symantec (NASDAQ:SYMC).

Institutional Ownership by Quarter for Symantec (NASDAQ:SYMC)

Receive News & Ratings for Symantec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Symantec and related companies with MarketBeat.com's FREE daily email newsletter.