Ratan Capital Management LP Has Decreased Its Stake in Symantec Corp (SYMC) by $3.43 Million as Market Valuation Rose

March 14, 2018 - By Maria Brooks

Investors sentiment decreased to 0.86 in 2017 Q3. Its down 0.09, from 0.95 in 2017Q2. It is negative, as 48 investors sold SYMC shares while 170 reduced holdings. 55 funds opened positions while 133 raised stakes. 571.53 million shares or 3.02% more from 554.80 million shares in 2017Q2 were reported. Daiwa Securities Incorporated holds 0.01% or 54,383 shares. Ser Automobile Association owns 322,696 shares. Calamos Lc holds 0.02% or 90,983 shares. Credit Agricole S A reported 531,498 shares. Fmr Lc stated it has 0.03% in Symantec Corporation (NASDAQ:SYMC). Conning Incorporated reported 0.02% in Symantec Corporation (NASDAQ:SYMC). Liberty Mutual Asset Mngmt holds 0.05% in Symantec Corporation (NASDAQ:SYMC) or 26,814 shares. The New York-based Contour Asset Mngmt Lc has invested 5% in Symantec Corporation (NASDAQ:SYMC). Meag Munich Ergo Kapitalanlagegesellschaft Mbh has invested 0.03% in Symantec Corporation (NASDAQ:SYMC). Moreover, Coastline has 0.13% invested in Symantec Corporation (NASDAQ:SYMC). Cls Investments Ltd Limited Liability Company accumulated 116 shares. Bluemountain Cap Management Ltd Liability Corp invested 1.07% of its portfolio in Symantec Corporation (NASDAQ:SYMC). Proshare Lc has 272,000 shares for 0.08% of their portfolio. Jackson Square Prtnrs Ltd Co holds 17.41M shares. Moreover, Fifth Third Fincl Bank has 0% invested in Symantec Corporation (NASDAQ:SYMC) for 971 shares.

Since September 18, 2017, it had 0 insider purchases, and 5 insider sales for $1.99 million activity. On Monday, March 5 Rosch Francis C sold $1.38M worth of Symantec Corporation (NASDAQ:SYMC) or 51,899 shares. Sands Anita M sold 2,000 shares worth $67,016. TAYLOR SCOTT C sold $348,668 worth of stock or 10,622 shares.

Nehal Chopra decreased its stake in Symantec Corp (SYMC) by 15.36% based on its latest 2017Q3 regulatory filing with the SEC. Ratan Capital Management Lp sold 107,112 shares as the company’s stock rose 0.76% with the market. The hedge fund run by Nehal Chopra held 590,143 shares of the prepackaged software company at the end of 2017Q3, valued at $19.36M, down from 697,255 at the end of the previous reported quarter. Ratan Capital Management Lp who had been investing in Symantec Corp for a number of months, seems to be less bullish one the $17.03 billion market cap company. The stock increased 0.22% or $0.06 during the last trading session, reaching $27.4. About 3.34 million shares traded. Symantec Corporation (NASDAQ:SYMC) has risen 71.82% since March 14, 2017 and is uptrending. It has outperformed by 55.12% the S&P500.

Analysts await Symantec Corporation (NASDAQ:SYMC) to report earnings on May, 9. They expect $0.25 EPS, up 400.00 % or $0.20 from last year’s $0.05 per share. SYMC’s profit will be $155.38 million for 27.40 P/E if the $0.25 EPS becomes a reality. After $0.38 actual EPS reported by Symantec Corporation for the previous quarter, Wall Street now forecasts -34.21 % negative EPS growth.

Another recent and important Symantec Corporation (NASDAQ:SYMC) news was published by Nasdaq.com which published an article titled: “Symantec Corporation (SYMC) Ex-Dividend Date Scheduled for February 21, 2018” on February 20, 2018.

Symantec Corporation (NASDAQ:SYMC) Ratings Coverage

Among 31 analysts covering Symantec (NASDAQ:SYMC), 9 have Buy rating, 3 Sell and 19 Hold. Therefore 29% are positive. Symantec had 90 analyst reports since August 11, 2015 according to SRatingsIntel. Barclays Capital upgraded Symantec Corporation (NASDAQ:SYMC) on Tuesday, May 30 to “Overweight” rating. The firm earned “Hold” rating on Wednesday, January 31 by Stifel Nicolaus. The rating was maintained by Robert W. Baird with “Hold” on Friday, June 9. As per Friday, June 9, the company rating was maintained by Oppenheimer. The rating was maintained by M Partners with “Neutral” on Friday, February 5. Raymond James downgraded the shares of SYMC in report on Friday, April 29 to “Market Perform” rating. Piper Jaffray maintained Symantec Corporation (NASDAQ:SYMC) rating on Wednesday, January 31. Piper Jaffray has “Buy” rating and $32.0 target. Moffett Nathanson initiated the stock with “Hold” rating in Wednesday, September 6 report. The company was maintained on Monday, July 17 by Stifel Nicolaus. The rating was maintained by Piper Jaffray with “Buy” on Monday, September 11.

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