Today’s Stock On Watch: Symantec Corp (NASDAQ:SYMC) Sentiment Report

November 25, 2016 - By Vivian Park   ·   0 Comments

Today's Stock On Watch: Symantec Corp (NASDAQ:SYMC) Sentiment Report

Sentiment for Symantec Corp (NASDAQ:SYMC)

Symantec Corp (NASDAQ:SYMC) institutional sentiment increased to 0.97 in Q2 2016. Its up 0.17, from 0.8 in 2016Q1. The ratio increased, as 206 institutional investors started new and increased positions, while 256 trimmed and sold equity positions in Symantec Corp. The institutional investors in our partner’s database reported: 560.92 million shares, down from 570.06 million shares in 2016Q1. Also, the number of institutional investors holding Symantec Corp in their top 10 positions increased from 4 to 7 for an increase of 3. Sold All: 62 Reduced: 194 Increased: 144 New Position: 62.

Symantec Corporation is a United States cybersecurity company. The company has a market cap of $15.31 billion. The Firm operates its business on a global civilian cyber intelligence threat network and tracks a range of threats across the Internet from various mobile devices, endpoints and servers across the globe. It currently has negative earnings. The Company’s divisions include Consumer Security and Enterprise Security.

The stock decreased 0.12% or $0.03 during the last trading session, hitting $24.82. About 3.64 million shares traded hands. Symantec Corporation (NASDAQ:SYMC) has risen 37.98% since April 22, 2016 and is uptrending. It has outperformed by 32.57% the S&P500.

Analysts await Symantec Corporation (NASDAQ:SYMC) to report earnings on February, 2. They expect $0.21 EPS, down 4.55% or $0.01 from last year’s $0.22 per share. SYMC’s profit will be $129.54 million for 29.55 P/E if the $0.21 EPS becomes a reality. After $0.15 actual EPS reported by Symantec Corporation for the previous quarter, Wall Street now forecasts 40.00% EPS growth.

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.”

Slate Path Capital Lp holds 8.84% of its portfolio in Symantec Corporation for 5.51 million shares. Whale Rock Capital Management Llc owns 3.75 million shares or 6.39% of their US portfolio. Moreover, Contour Asset Management Llc has 5.22% invested in the company for 3.75 million shares. The Minnesota-based Minneapolis Portfolio Management Group Llc has invested 4.36% in the stock. Matterhorn Capital Management Llc, a Texas-based fund reported 329,162 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 8 selling transactions for $2.49 million net activity.

Symantec Corporation (NASDAQ:SYMC) Ratings Coverage

Ratings analysis reveals 47% of Symantec’s analysts are positive. Out of 19 Wall Street analysts rating Symantec, 9 give it “Buy”, 0 “Sell” rating, while 10 recommend “Hold”. The lowest target is $14 while the high is $30. The stock’s average target of $23.83 is -3.99% below today’s ($24.82) share price. SYMC was included in 40 notes of analysts from August 11, 2015. The stock of Symantec Corporation (NASDAQ:SYMC) earned “Outperform” rating by RBC Capital Markets on Friday, March 11. Morgan Stanley upgraded Symantec Corporation (NASDAQ:SYMC) on Tuesday, December 15 to “Overweight” rating. The firm earned “Sell” rating on Thursday, April 14 by Evercore. The rating was maintained by Jefferies with “Hold” on Tuesday, August 2. The stock has “Equal Weight” rating given by Morgan Stanley on Friday, August 21. The stock has “Outperform” rating given by Credit Suisse on Tuesday, August 11. The firm earned “Hold” rating on Tuesday, August 11 by FBR Capital. FBR Capital maintained it with “Mkt Perform” rating and $24 target price in Thursday, November 5 report. The firm has “Hold” rating given on Wednesday, June 29 by Evercore. The stock of Symantec Corporation (NASDAQ:SYMC) has “Buy” rating given on Friday, August 19 by Citigroup.

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.

More news for Symantec Corporation (NASDAQ:SYMC) were recently published by: Ibtimes.com, which released: “Symantec Corp. (SYMC) Buying LifeLock Inc. (LOCK) For $2.3 Billion” on November 21, 2016. Seekingalpha.com‘s article titled: “Symantec Acquires LifeLock To Offer Comprehensive Security” and published on November 23, 2016 is yet another important article.

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By Vivian Park

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