Published: Mon, January 01, 2018
People | By Leon Thompson

Symantec (SYMC) Upgraded by BidaskClub to "Hold"


Symantec Corp now has $17.40B valuation. The stock decreased 0.20% or $0.2 during the last trading session, reaching $97.61. About 655,322 shares traded. (NYSE:HIG) has risen 9.92% since December 31, 2016 and is uptrending. It has outperformed by 27.53% the S&P500.

Christopher Lyle decreased its stake in Symantec Corp (Call) (SYMC) by 50.22% based on its latest 2017Q3 regulatory filing with the SEC. The company holds 623.49 million outstanding shares and 614.23 million shares are floating in market. The stock had a trading volume of 2,339,561 shares. Symantec Corporation (NASDAQ:SYMC) has a 20-Day average volume of 5.62 Million. It has outperformed by 55.12% the S&P500. Neuberger Berman Gp Llc holds 0.31% or 7.50 million shares in its portfolio. The stock has a beta value of 1.11. It worsened, as 8 investors sold Datawatch Corporation shares while 13 reduced holdings. 10,985 shares were sold by Lorentzatos Nickolas J, worth $96,338 on Friday, September 22. TAYLOR SCOTT C sold 10,622 shares worth $348,668.

Investors sentiment decreased to 0.86 in 2017 Q3. Its down 0.09, from 0.95 in 2017Q2. 63 funds opened positions while 144 raised stakes. Valley Natl Advisers Inc, a Pennsylvania-based fund reported 1,578 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems holds 49,979 shares or 0.02% of its portfolio. Ledyard Bancorp holds 13,965 shares. 17,582 were reported by Weiss Multi.

Royal Bank Of Scotland Group Plc, which manages about $403.33 million US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 21,371 shares to 67,616 shares, valued at $10.42 million in 2017Q3, according to the filing. Chicago Equity Partners Llc has invested 0.07% in Parker-Hannifin Corporation (NYSE:PH). Perigon Wealth Mngmt invested in 0.01% or 995 shares. Zacks Investment Research downgraded shares of Symantec from a hold rating to a sell rating in a research report on Monday, October 9th. (NASDAQ:GILD). Stevens First Principles Inv Advsrs owns 48,051 shares.

State Str Corporation (NYSE:STT) had a decrease of 14.02% in short interest.

Datawatch Corporation designs, develops, markets, and distributes business computer software products to self-service data preparation and visual data discovery markets in the United States and internationally. Sun Life Financial INC now owns 4,420 shares of the technology company's stock valued at $125,000 after buying an additional 4,410 shares during the last quarter. Ameriprise reported 1.20M shares. 136.72 million shares or 0.41% less from 137.29 million shares in 2017Q2 were reported. The rating was maintained by Robert W. Baird on Tuesday, October 10 with "Buy". Therefore 57% are positive. Total System Services had 80 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital with "Overweight" on Wednesday, October 25. According to today's trading volume Symantec Corporation is BELOW its 20-Day Avg. volume with the stock showing BELOW Abnormal volume in the past 150 days. The firm earned "Buy" rating on Wednesday, August 2 by Piper Jaffray. They set a "neutral" rating and a $33.00 target price for the company. The firm has "Buy" rating given on Monday, December 4 by RBC Capital Markets. The firm has "Buy" rating by UBS given on Monday, June 20. FBR Capital maintained it with "Mkt Perform" rating and $24 target in Thursday, November 5 report.

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Investors sentiment increased to 1.03 in 2017 Q3. 212.89 million shares or 0.75% less from 214.50 million shares in 2017Q2 were reported.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company.

Symantec Corporation (SYMC) changed 3.1 million shares at hands on December 28, 2017 versus to the average volume of 5.53 million shares. Texas-based Vaughan Nelson Investment Mngmt Limited Partnership has invested 0.51% in The Hartford Financial Services Group, Inc. Miles Cap Inc reported 16,844 shares. Gsa Ptnrs Ltd Liability Partnership has invested 0.02% in Datawatch Corporation (NASDAQ:DWCH). France-based Fund Management Sa has invested 0.07% in Symantec Corporation (NASDAQ:SYMC). Symantec Corporation (SYMC) is growing 0.11% to $28.48. Ahl Prtn Llp has 29,715 shares. Us Comml Bank De has 0.01% invested in Symantec Corporation (NASDAQ:SYMC) for 73,556 shares. During the same quarter last year, the company earned $0.30 EPS. equities research analysts anticipate that Symantec Corporation will post 1.05 EPS for the current fiscal year. The stock of Symantec Corporation (NASDAQ:SYMC) has "Buy" rating given on Friday, April 29 by Citigroup. Advisor Group Inc. boosted its stake in shares of Symantec by 18.3% in the third quarter. Financial owns 566 shares. HCP, Inc. (NYSE:HCP) earnings have risen with a quarterly rate of 4.7% over the last 5 years. SYMC's profit will be $179.80 million for 24.19 P/E if the $0.29 EPS becomes a reality. The technology company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.14.

Since August 7, 2017, it had 0 insider buys, and 16 insider sales for $47.91 million activity. Over the last three months, insiders sold 434,603 shares of company stock worth $12,665,289. On Friday, September 1 Rosch Francis C sold $443,935 worth of Symantec Corporation (NASDAQ:SYMC) or 14,804 shares. The shares were sold at an average price of $32.81, for a total transaction of $82,025.00. The insider Clark Gregory S. sold 13,567 shares worth $407,010. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the stock. Therefore 34% are positive. The firm has "Hold" rating given on Sunday, July 30 by RBC Capital Markets. RBC Capital Markets maintained Symantec Corporation (NASDAQ:SYMC) rating on Wednesday, August 12. Credit Suisse Group initiated coverage on Symantec in a report on Tuesday, September 5th. Finally, Morgan Stanley lowered their target price on shares of Symantec from $34.00 to $31.00 and set an "equal weight" rating on the stock in a report on Friday, November 3rd. Keefe Bruyette & Woods has "Buy" rating and $60.0 target. Jefferies maintained the stock with "Hold" rating in Tuesday, August 2 report. The firm has "Hold" rating given on Monday, October 9 by Standpoint Research.

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