Economy

Symantec Corporation (SYMC) Holdings Reduced by Laffer Investments

About 3.10 million shares traded. (OTCMKTS:DRSV) has 0.00% since December 29, 2016 and is. It has outperformed by 39.61% the S&P500.The move comes after 7 months positive chart setup for the $116.46 million company.

Bank Of The West decreased its stake in Symantec Corp (SYMC) by 43.63% based on its latest 2017Q3 regulatory filing with the SEC. Oberweis Asset Management has 98,400 shares. 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. Snow Capital Management Lp who had been investing in Cypress Semiconductor Corp for a number of months, seems to be less bullish one the $5.12 billion market cap company. The stock decreased 1.47% or $0.42 during the last trading session, reaching $28.06. About 2.04M shares traded. Incyte Corporation (NASDAQ:INCY) has risen 72.84% since December 29, 2016 and is uptrending. It has outperformed by 55.12% the S&P500. The average 1-year price target for (HCP) reveals an average price target of $28.82 per share. Shares for $3.53 million were sold by NAZARIAN DANA on Friday, August 4. Shares for $348,668 were sold by TAYLOR SCOTT C. Sands Anita M had sold 2,000 shares worth $60,000. The other 12, though not evenly; between analysts who think you should buy Symantec Corporation versus those who think you should sell it. State Street Corp now owns 27,978,710 shares of the technology company's stock valued at $858,386,000 after buying an additional 464,913 shares in the last quarter. On Monday, September 11 the stock rating was maintained by Piper Jaffray with "Buy". On Thursday, September 7 the stock rating was maintained by Needham with "Buy". There are brokerage firms with lower targets than the average, including one setting a price target of $25. Barclays reaffirmed a "buy" rating and set a $36.00 target price on shares of Symantec in a research note on Thursday, November 2nd. Craig Hallum upgraded Cypress Semiconductor Corporation (NASDAQ:CY) rating on Tuesday, June 27.

Investors sentiment increased to 0.86 in 2017 Q3. Its down 0.42, from 1.5 in 2017Q2. It worsened, as 8 investors sold Datawatch Corporation shares while 13 reduced holdings. 51 funds opened positions while 104 raised stakes. Amalgamated Bancorporation accumulated 73,716 shares or 0.08% of the stock. The firm owned 67,430 shares of the technology company's stock after selling 4,795 shares during the quarter. Balyasny Asset Limited Liability Company, a Illinois-based fund reported 14,100 shares. Commerzbank Aktiengesellschaft Fi reported 383,296 shares. Ci Global Invs holds 6.54% of its portfolio in Symantec Corporation (NASDAQ:SYMC) for 9.94 million shares. Coastline Trust holds 0.13% or 22,104 shares. State Of Alaska Department Of Revenue invested 0.05% in Incyte Corporation (NASDAQ:INCY). Moreover, Prudential Finance has 0.01% invested in Cypress Semiconductor Corporation (NASDAQ:CY).

Symantec Corporation (SYMC) now has a Return on Assets (ROA) value of -1.4 Percent. Corporate insiders own 1.30% of the company's stock. Glg Limited Liability Corp holds 0.06% in Symantec Corporation (NASDAQ:SYMC) or 29,877 shares. Robeco Institutional Asset Bv owns 4,095 shares for 0% of their portfolio. WISHART MICHAEL S sold 30,000 shares worth $422,154. Also, CFO Nicholas R. Noviello sold 375,000 shares of the stock in a transaction dated Monday, November 6th. Symantec earned a daily sentiment score of 0.17 on Accern's scale. Its down 0.09, from 0.95 in 2017Q2.

Institutional investors have recently bought and sold shares of the stock. 571.53 million shares or 3.02% more from 554.80 million shares in 2017Q2 were reported.

The collective rating of 2.6 for Symantec Corporation (NASDAQ:SYMC) also leans strongly towards the neutral end of the spectrum. 500 are held by Evercore Wealth Limited Company. Symantec Corporation earnings have declined with an annualized rate of -17.5% over the last 5 years. Welch Forbes Lc, Massachusetts-based fund reported 7,493 shares. Retirement Of Alabama holds 82,833 shares. Moreover, Mitsubishi Ufj Trust And has 0.08% invested in Symantec Corporation (NASDAQ:SYMC). Wetherby Asset Mgmt has 9,412 shares. The company's stock had a trading volume of 3,103,300 shares, compared to its average volume of 6,636,597. Pnc Financial Services Grp Inc reported 163,182 shares or 0.01% of all its holdings.

Since August 1, 2017, it had 0 buys, and 2 sales for $339,341 activity. Symantec Corporation's beta is 1.11 whilst the stock has an average true range (ATR) of 0.58. For the income oriented investors, the existing payout ratio will be observed closely, providing a valuable insight into Symantec Corporation's dividend policy. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the stock. Therefore 34% are positive. BidaskClub raised Symantec from a "sell" rating to a "hold" rating in a research report on Wednesday, August 23rd.

A number of research analysts recently weighed in on SYMC shares. The firm has "Hold" rating given on Wednesday, September 6 by Cowen & Co.

Symantec (NASDAQ:SYMC) last announced its quarterly earnings results on Wednesday, November 1st. Stifel Nicolaus maintained it with "Hold" rating and $2700 target in Monday, July 17 report. The firm has "Outperform" rating by RBC Capital Markets given on Friday, August 5. Barclays Capital initiated the stock with "Equal-Weight" rating in Friday, August 5 report. On Tuesday, October 10 the stock rating was downgraded by Morgan Stanley to "Equal-Weight". The company was maintained on Monday, January 30 by Citigroup.

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