Scge Management L.P. lifted its stake in shares of Symantec Corporation (NASDAQ:SYMC) by 246.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,125,000 shares of the technology company’s stock after purchasing an additional 800,000 shares during the quarter. Symantec Corporation comprises 8.1% of Scge Management L.P.’s portfolio, making the stock its 8th largest position. Scge Management L.P. owned approximately 0.18% of Symantec Corporation worth $31,781,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Capital World Investors raised its position in shares of Symantec Corporation by 3.7% during the 2nd quarter. Capital World Investors now owns 75,819,338 shares of the technology company’s stock worth $2,141,896,000 after purchasing an additional 2,695,567 shares during the period. Vanguard Group Inc. increased its position in shares of Symantec Corporation by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 61,195,217 shares of the technology company’s stock valued at $1,728,766,000 after purchasing an additional 757,092 shares during the period. BlackRock Inc. increased its position in shares of Symantec Corporation by 2,815.1% during the 1st quarter. BlackRock Inc. now owns 40,975,309 shares of the technology company’s stock valued at $1,257,121,000 after purchasing an additional 39,569,694 shares during the period. State Street Corp increased its position in shares of Symantec Corporation by 1.7% during the 1st quarter. State Street Corp now owns 27,978,710 shares of the technology company’s stock valued at $858,386,000 after purchasing an additional 464,913 shares during the period. Finally, Jackson Square Partners LLC increased its position in shares of Symantec Corporation by 5.0% during the 2nd quarter. Jackson Square Partners LLC now owns 20,071,586 shares of the technology company’s stock valued at $567,022,000 after purchasing an additional 964,537 shares during the period. Institutional investors and hedge funds own 91.65% of the company’s stock.

In other news, Director Anita M. Sands sold 2,000 shares of the company’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $30.40, for a total value of $60,800.00. Following the completion of the sale, the director now owns 41,386 shares of the company’s stock, valued at approximately $1,258,134.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Suzanne M. Vautrinot sold 2,500 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $32.81, for a total transaction of $82,025.00. The disclosure for this sale can be found here. Insiders sold a total of 1,662,816 shares of company stock worth $48,437,529 in the last three months. Insiders own 1.30% of the company’s stock.

Shares of Symantec Corporation (NASDAQ SYMC) traded up 1.44% during midday trading on Friday, hitting $32.36. 3,356,123 shares of the stock were exchanged. Symantec Corporation has a 1-year low of $22.76 and a 1-year high of $34.20. The stock’s market capitalization is $19.83 billion. The firm’s 50 day moving average is $32.15 and its 200-day moving average is $30.54.

Symantec Corporation (NASDAQ:SYMC) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. Symantec Corporation’s revenue was up 38.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 EPS. On average, analysts predict that Symantec Corporation will post $1.80 EPS for the current year.

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Several equities analysts have recently issued reports on SYMC shares. Credit Suisse Group initiated coverage on Symantec Corporation in a research report on Tuesday, September 5th. They set an “outperform” rating and a $36.00 price target on the stock. Zacks Investment Research raised Symantec Corporation from a “strong sell” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, July 11th. Robert W. Baird reaffirmed a “hold” rating and issued a $32.00 target price on shares of Symantec Corporation in a research report on Friday, September 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $37.00 target price on shares of Symantec Corporation in a research report on Thursday, July 13th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $27.00 price objective on shares of Symantec Corporation in a research report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the company. Symantec Corporation currently has an average rating of “Hold” and a consensus price target of $31.52.

Symantec Corporation Company Profile

Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection, cyber security services and Website security. 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.

Institutional Ownership by Quarter for Symantec Corporation (NASDAQ:SYMC)

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