Research Report for Investors: Symantec Corporation (NASDAQ:SYMC)

Alfred Osborne
January 13, 2018

The stock decreased 1.11% or $2.33 during the last trading session, reaching $208.22. MA ended last trade at 24.02 a share and the price is up more than -15.42% so far this year.

Market capitalization of 17.63B shares for the company helps traders interpret the size of Symantec Corporation, acting as the basic determinant for numerous important characteristics that affects an investment decision. It has outperformed by 55.12% the S&P500.

Covenant Multifamily Offices Llc increased its stake in Metlife Inc Com (MET) by 12.37% based on its latest 2017Q3 regulatory filing with the SEC. Macquarie Group Ltd. now owns 336,900 shares of the company's stock valued at $6,920,000 after buying an additional 1,050 shares during the period. The institutional investor held 147,320 shares of the prepackaged software company at the end of 2017Q3, valued at $4.83M, up from 137,910 at the end of the previous reported quarter. Company has conspicuous measure of stock oscillations; average true range may be heating up this temperature with value of 0.39. About 733,929 shares traded or 0.69% up from the average. It has underperformed by 50.18% the S&P500.The move comes after 5 months positive chart setup for the $368.59M company. The company was maintained on Wednesday, August 2 by Piper Jaffray.

SYMC has been the subject of a number of research analyst reports. Deutsche Commercial Bank Ag holds 4.93 million shares. The firm has "Hold" rating by Stifel Nicolaus given on Sunday, September 10. The stock has "Buy" rating by Citigroup on Monday, August 22. The stock has "Buy" rating by Jefferies on Friday, June 16. BidaskClub cut Symantec from a "hold" rating to a "sell" rating in a report on Tuesday, December 19th. The firm has "Overweight" rating by First Analysis given on Thursday, May 11. The company was downgraded on Tuesday, October 10 by Morgan Stanley. The firm has "Outperform" rating by RBC Capital Markets given on Monday, January 30.

Analysts await Johnson & Johnson (NYSE:JNJ) to report earnings on January, 23. Strs Ohio holds 0% or 1,800 shares in its portfolio. SYMC's profit would be $179.79M giving it 25.03 P/E if the $0.29 EPS is correct. During last 3 month period, 0.14% of total institutional ownership has changed in the company shares.

Since August 7, 2017, it had 0 buys, and 6 insider sales for $955,432 activity. COX MARK K had sold 1,400 shares worth $117,936. 247 shares were sold by HARRIS ISAIAH JR, worth $45,762.

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Most signs seem to be pointing in the right direction as investors keep concentrating on superior returns from the stock market. Private Capital Advisors Inc bought 9,205 shares as the company's stock declined 3.22% while stock markets rallied.

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Hancock Communications holds 0.6% or 189,673 shares in its portfolio. (NYSE:UAL). 74,885 are held by Retail Bank Of Montreal Can. Morfit G Mason sold $507.89 million worth of stock. 55,000 shares were sold by Hood Amy , worth $4.00M on Tuesday, August 29.

Investors sentiment is 0.83 in 2017 Q3. Its down 0.09, from 0.95 in 2017Q2. It dived, as 48 investors sold Symantec Corporation shares while 170 reduced holdings. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.05%. Alphamark Advisors Lc has 1.17% invested in Eastman Chemical Company (NYSE:EMN). 13,164 were reported by Everence Cap Inc. The shares were sold at an average price of $29.38, for a total value of $11,017,500.00. Millennium Management Ltd Liability Company holds 0% or 12,266 shares in its portfolio. Glob X Mgmt Ltd Liability has invested 0.01% in Eastman Chemical Company (NYSE:EMN). Suntrust Banks Inc has 0.12% invested in Eastman Chemical Company (NYSE:EMN). Savant Capital Limited invested in 0.12% or 10,195 shares. Atlantic Trust Group Llc sold 12,533 shares as Symantec Corp Com (SYMC)'s stock rose 0.76%. Overall, the share price is up 5.38% so far this year. IL now owns 13,309 shares of the technology company's stock worth $376,000 after acquiring an additional 291 shares during the last quarter.

Ionic Capital Management Llc increased Powershs Db Us Dollar Index (Call) (UUP) stake by 190,000 shares to 280,900 valued at $6.79 million in 2017Q3. It also reduced its holding in Enbridge Inc (NYSE:ENB) by 14,565 shares in the quarter, leaving it with 11,654 shares, and cut its stake in Suncor Energy Inc New (NYSE:SU).

Since August 7, 2017, it had 0 insider buys, and 16 sales for $47.91 million activity. Shares for $6.65M were sold by Sadler Jason D on Monday, August 7. TAYLOR SCOTT C sold $348,668 worth of stock or 10,622 shares. The stock of Symantec Corporation (NASDAQ:SYMC) has "Sell" rating given on Thursday, April 14 by Evercore. $67,016 worth of Symantec Corporation (NASDAQ:SYMC) shares were sold by Sands Anita M. Moreover, Cipher Capital LP has 0.12% invested in Symantec Corporation (NASDAQ:SYMC). The outstanding shares for Symantec Corporation is 615, along with a floating outstanding shares of 614.23.

Symantec Corporation (NASDAQ:SYMC) lost -1.89 Percent and closed its previous trading session at $29.01. Therefore 34% are positive. MetLife had 46 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was maintained by UBS with "Neutral" on Thursday, November 9. Analysts believe that we could see stock price minimum in the $19 range (lowest target price), allowing for another -35.75% drop from its current position.

Parametric Portfolio Associates LLC raised its stake in Symantec Corporation (NASDAQ:SYMC) by 0.4% in the 3rd quarter, according to its most recent disclosure with the SEC. (NYSE:MET) rating on Tuesday, January 19. Wunderlich has "Hold" rating and $25.0 target. The rating was upgraded by Standpoint Research to "Buy" on Thursday, June 29. As per Monday, March 21, the company rating was reinitiated by Goldman Sachs.

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