The stock of Symantec Corporation (NASDAQ:SYMC) is a huge mover today! About 5.32M shares traded hands. Symantec Corporation (NASDAQ:SYMC) has risen 39.40% since April 11, 2016 and is uptrending. It has outperformed by 33.25% the S&P500.
The move comes after 9 months positive chart setup for the $15.78B company. It was reported on Nov, 11 by Barchart.com. We have $34.37 PT which if reached, will make NASDAQ:SYMC worth $5.84B more.
Symantec Corporation (NASDAQ:SYMC) Ratings Coverage
Out of 19 analysts covering Symantec (NASDAQ:SYMC), 9 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 47% are positive. Symantec has been the topic of 40 analyst reports since August 11, 2015 according to StockzIntelligence Inc. UBS upgraded it to “Buy” rating and $24 target price in Monday, June 20 report. The stock has “Hold” rating given by FBR Capital on Tuesday, August 11. As per Thursday, April 14, the company rating was initiated by Evercore. Morgan Stanley reinitiated the stock with “Overweight” rating in Monday, August 15 report. Barclays Capital initiated Symantec Corporation (NASDAQ:SYMC) on Friday, August 5 with “Equal-Weight” rating. As per Monday, August 22, the company rating was maintained by Citigroup. The rating was initiated by Guggenheim with “Buy” on Thursday, September 15. As per Friday, December 4, the company rating was downgraded by Argus Research. Jefferies maintained the shares of SYMC in a report on Tuesday, August 2 with “Hold” rating. Citigroup maintained the stock with “Buy” rating in Friday, April 29 report.
According to Zacks Investment Research, “Symantec, a world leader in Internet security technology, provides a broad range of content security solutions to individuals and companies. The company is a leading provider of anti-virus protection, Internet content and e-mail filtering, and mobile code detection technologies to enterprise customers.”
Insitutional Activity: The institutional sentiment decreased to 0.8 in Q2 2016. Its down 0.06, from 0.86 in 2016Q1. The ratio turned negative, as 62 funds sold all Symantec Corporation shares owned while 194 reduced positions. 62 funds bought stakes while 144 increased positions. They now own 560.92 million shares or 1.60% less from 570.06 million shares in 2016Q1.
Texas Permanent School Fund last reported 0.05% of its portfolio in the stock. Shinko Asset Mngmt accumulated 0% or 1,767 shares. Amp Invsts Ltd last reported 0.03% of its portfolio in the stock. The Connecticut-based Webster Natl Bank N A has invested 0.1% in Symantec Corporation (NASDAQ:SYMC). Schwab Charles Invest Mngmt holds 0.05% of its portfolio in Symantec Corporation (NASDAQ:SYMC) for 1.98 million shares. Boston Partners owns 2.45M shares or 0.07% of their US portfolio. Chevy Chase Holdings last reported 0.06% of its portfolio in the stock. Bnp Paribas Arbitrage has invested 0.01% of its portfolio in Symantec Corporation (NASDAQ:SYMC). Advsrs Preferred Llc, a Maryland-based fund reported 1,137 shares. Moreover, Meeder Asset Mgmt Inc has 0.04% invested in Symantec Corporation (NASDAQ:SYMC) for 22,582 shares. Brave Asset Management has 1,000 shares for 0.01% of their US portfolio. Wfg Lp holds 0% of its portfolio in Symantec Corporation (NASDAQ:SYMC) for 147 shares. Piedmont Inv Advisors has 5 shares for 0% of their US portfolio. Ckw Financial Gru owns 3,800 shares or 0.03% of their US portfolio. Credit Agricole S A holds 0.08% or 973,634 shares in its portfolio.
Insider Transactions: Since June 14, 2016, the stock had 0 insider buys, and 8 selling transactions for $2.49 million net activity. Shares for $322,423 were sold by Fey Michael David. Shares for $385,026 were sold by Cappellanti-Wolf Amy L.. Another trade for 40,000 shares valued at $1.00 million was made by TAYLOR SCOTT C on Tuesday, October 25. Rosch Francis C sold $83,000 worth of Symantec Corporation (NASDAQ:SYMC) on Wednesday, September 7. $71,250 worth of Symantec Corporation (NASDAQ:SYMC) was sold by Vautrinot Suzanne M. 11,852 shares with value of $222,344 were sold by Garfield Mark S. on Tuesday, June 14.
More recent Symantec Corporation (NASDAQ:SYMC) news were published by: Profitconfidential.com which released: “Symantec Corporation: The SYMC Stock Chart Can’t Be Ignored” on October 18, 2016. Also Investorplace.com published the news titled: “Why Activision Blizzard, Inc. (ATVI), First Solar, Inc. (FSLR) and Symantec …” on November 04, 2016. Businesswire.com‘s news article titled: “Symantec Announces CFO Transition” with publication date: November 03, 2016 was also an interesting one.
SYMC Company Profile
Symantec Corporation, incorporated on April 19, 1988, provides security and information management solutions. The Firm operates its business on a global civilian cyber intelligence threat network and tracks various threats across the Internet from mobile devices, endpoints, and servers across the world. The Firm is developing solutions for cloud, threat protection, information protection and cyber security services. The Firm operates through two divisions: Consumer Security and Enterprise Security. The Company’s services include business critical services, consulting services, customer success services, cyber security services and education services.
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