Economy

Here is What Institutional Investors Think About Symantec Corp (NASDAQ:SYMC)

The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Manufacturers Life Insurance Company The holds 0.02% or 707,950 shares in its portfolio.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. These, along with competition from the likes of Microsoft, remain headwinds.

Symantec Corporation (SYMC) stock price rose 34.07 percent over the past one year, while increased 10.09 percent during the past 6 months.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Standpoint Research downgraded Symantec Corporation from a buy rating to a hold rating in a report on Monday. From the opening price, the stock has seen a change of 0.11% recently clocking in with a price of $18.61. The mean target price as estimated by the analysts for the company has been recorded at $33.28. Bessemer Group Inc. raised its position in shares of Symantec Corporation by 1.2% in the 2nd quarter. Finally, Moffett Nathanson assumed coverage on Symantec Corporation in a research note on Wednesday, September 6th. If the stock price is unchanged its weighted alpha will be smaller. Analysts, on average, seem bearish as they suggest SYMC is worth $-0.64 less, giving a target price of $33.28 a share.

Basically, a price target is an individual analyst's projection on the future price of a stock.

Recent insider trends for Symantec Corporation (NASDAQ:SYMC) have caught the attention of investors. The company has market cap of $19.39 billion. In order to determine directional movement, the 50-day and 200-day moving averages for OvaScience, Inc. The Lower end of the earnings estimate is $0.27, while the higher end of the earnings estimate is $0.32. Return on assets is -2.20% and Return on equity (ROE) is -10.20% while it's Return on Investment (ROI) of -0.60%.

Analysts are also projecting an Average Revenue Estimate for Symantec Corporation as $1.28 Million in the Current Quarter. The company's revenue for the quarter was up 38.9% compared to the same quarter previous year.

As of the last earnings report the EPS was $-0.61 and is estimated to be $1.81 for the current year with 612,800,000 shares presently outstanding. Symantec Corporation (NASDAQ:SYMC) has risen 71.82% since October 9, 2016 and is uptrending. If you are reading this story on another site, it was illegally copied and republished in violation of US & global trademark and copyright legislation.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. The ex-dividend date was Thursday, August 17th. The stock's Dividend Yield stands at 0.88%.

1 is the current ratio indicating the ability of Symantec Corporation to pay off its short-term and long-term obligations. They issued an "outperform" rating and a $36.00 price target on the stock. (AAOI) stock confirmed the flow of 2.07% with the final price of $58.17. The share price was last seen -3.8% lower, reaching at $32.63 on October 09, 2017. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The stock has risen 55.81% since then. Bessemer Group Inc. now owns 9,311 shares of the technology company's stock valued at $263,000 after purchasing an additional 106 shares in the last quarter. The disclosure for this sale can be found here. If the published price targets set by Symantec Corporation analysts have any power to influence the stock's share price, the highest price target set for SYMC is $40. Lodestar Investment Counsel Ltd Limited Liability Company Il accumulated 1.3% or 126,874 shares. Other technical indicators are worth considering in assessing the prospects for SYMC. Shares for $111,890 were sold by Cappellanti-Wolf Amy L. $421,805 worth of Symantec Corporation (NASDAQ:SYMC) shares were sold by TAYLOR SCOTT C. Sands Anita M had sold 2,000 shares worth $60,326 on Wednesday, May 17. Higher relative volume you will have more liquidity in the stock which will tighten spreads and allow you to trade with more size without a ton of slippage. 12,381 are owned by Oppenheimer Asset Management. Zurcher Kantonalbank (Zurich Cantonalbank) invested 0.05% of its portfolio in Symantec Corporation (NASDAQ:SYMC). The Qcm Cayman Ltd holds 11,172 shares with $899,000 value, up from 4,513 last quarter.

Ray Dalio Bridgewater Associates Lp is an investor bullish on Symantec Corp, owning 1286416 shares as of Q3 2015 for 0.34% of its portfolio. Arizona State Retirement System accumulated 39,250 shares or 0.01% of the stock. Insiders sold 91,043 shares of company stock valued at $2,797,550 over the last quarter.



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