Garfield Sells 11397 Shares of Symantec Co. (SYMC) Stock

Xavier Trudeau
Juin 6, 2017

Symantec (NASDAQ:SYMC) traded up 4.03% during mid-day trading on Friday, hitting $32.26. Schwab Charles Investment Management Inc. now owns 2,142,989 shares of the technology company's stock valued at $65,747,000 after buying an additional 80,503 shares during the last quarter. Hanseatic Management Services Inc.'s holdings in Symantec were worth $968,000 as of its most recent SEC filing.

A number of other analysts have also weighed in on SYMC. Ftb Advisors Inc holds 0.04% of its portfolio in Symantec Corporation (NASDAQ:SYMC) for 14,074 shares. Suntrust Banks Inc. now owns 33,085 shares of the technology company's stock valued at $830,000 after buying an additional 1,086 shares during the period. Sandy Spring Bank raised its stake in shares of Symantec by 6.3% in the third quarter. Jackson Square Partners LLC purchased a new stake in Symantec during the third quarter worth approximately $565,123,000. The company has market cap of $18.21 billion. Johnson Financial Group Inc. increased its position in shares of Symantec by 5.6% in the fourth quarter. The hedge fund run by Andrew Feldstein held 4.66M shares of the prepackaged software company at the end of 2016Q4, valued at $111.43 million, down from 7.42M at the end of the previous reported quarter. BlackRock Inc. boosted its position in shares of Symantec by 2,815.1% in the first quarter.

Symantec Corporation (SYMC) closed business day at $30.08 with -0.86%.

Motorola Solutions, Inc. (MSI) climbed 1.14% and its total traded volume was 1.32 million shares contrast to the average volume of 1.15 million shares. The stock has a 50-day moving average price of $30.92 and a 200-day moving average price of $28.13. The stock has "Neutral" rating by UBS on Thursday, May 18. New York-based Tiaa Cref Invest Llc has invested 0.14% in Symantec Corporation (NASDAQ:SYMC). As per WSJ analytic report, SYMC for the Q3 this year, the current consensus earnings per share trend estimates was $0.31, while for one month ago estimates was $0.38. The average revenue per share growth rate of Symantec Corporation during the past 12 months was 21 percent. The average analysts gave this company a mean recommendation of 1.80. The Mendon Capital Advisors Corp holds 100,957 shares with $2.93M value, up from 19,895 last quarter. The company's revenue was up 34.7% compared to the same quarter past year. Analysts forecast that Symantec Co. will post $1.78 earnings per share for the current year. Twin Tree Ltd Partnership invested in 0.01% or 50,228 shares. The firm belongs to Services sector, shares of firm presenting unconstructive momentum and walk on red belt with price change of 0.13% in latest trading session at price of $124.13. More interesting news about Symantec Corporation (NASDAQ:SYMC) were released by: Benzinga.com and their article: "Know When To Fold 'Em: Symantec Valuation Appears Full" published on May 19, 2017 as well as Investorplace.com's news article titled: "Ex-Dividend Reminders Include Potlatch Corporation (PCH), Symantec Corporation ..." with publication date: June 01, 2017. Now Symantec Corporation's current price is $9.92 shy of the official highest sell-side analyst price target on Wall Street.

WARNING: This piece was first reported by Stock Observer and is owned by of Stock Observer. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of US & worldwide copyright law. The original version of this article can be viewed at https://sportsperspectives.com/2017/06/05/symantec-co-symc-earns-hold-rating-from-stifel-nicolaus-updated-updated.html. The firm has "Buy" rating given on Thursday, June 16 by BTIG Research. Wells Fargo & Co reiterated a market perform rating on shares of Symantec in a research report on Friday, April 7th. Barclays PLC assumed coverage on Symantec in a report on Friday, February 10th. Morgan Stanley lifted their price target on shares of Symantec from $33.00 to $37.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 22nd.

04/21/2017 - Symantec Corporation was upgraded to "positive" by analysts at OTR Global. Robert W. Baird reaffirmed a "hold" rating on shares of Symantec in a report on Thursday, May 11th.

According to the the latest analyst ratings which have been released, 2 brokers have issued a rating of "buy", 10 brokers "outperform", 15 brokers "hold", 1 brokers "underperform" and 0 brokers "sell". The stock of Symantec Corporation (NASDAQ:SYMC) earned "Neutral" rating by Citigroup on Monday, January 30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anita M. Sands sold 2,000 shares of the stock in a transaction on Monday, April 17th. The stock was sold at an average price of $29.39, for a total value of $531,047.91. Following the sale, the chief accounting officer now directly owns 51,068 shares in the company, valued at approximately $1,535,104.08. The disclosure for this sale can be found here.

Want to see what other hedge funds are holding SYMC? Symantec Corporation (NASDAQ:SYMC) has risen 71.82% since June 5, 2016 and is uptrending. The Company offers products under categories, such as threat protection, information protection, cyber security services and Website security.

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