November 18, 2017

Symantec Corporation (NASDAQ:SYMC) Closed Significantly Above Its 50 Day Moving Average

17 September 2017, 03:14 | Casey Mitchell

New Mexico Educational Retirement Board owns 0.07% invested in Symantec Corporation (NASDAQ:SYMC) for 65,797 shares.

A few notable investment firms have updated their holdings. Institutional investors own 91.72% of the company's stock. As of the end of the quarter Next Financial Group, Inc had sold 686 shares trimming its position 42.0%. Sands now owns $1,301,580 of the stock according to the SEC filing. Symantec Corporation's quarterly revenue was up 38.9% on a year-over-year basis. Wunderlich maintained Symantec Corporation (NASDAQ:SYMC) rating on Thursday, April 28. Sun Life Financial INC now owns 4,420 shares of the technology company's stock worth $125,000 after purchasing an additional 4,410 shares during the period.

Jackson Square Partners Llc decreased Symantec Corp Com (SYMC) stake by 12% reported in 2016Q4 SEC filing. Finally, Municipal Employees Retirement System of MI grew its position in Symantec Corporation by 1.5% in the 1st quarter. CI Global Investments Inc. bought a new position in Symantec Corporation in the 2nd quarter worth $186,563,000. Conestoga Cap Advsr Ltd Limited Liability Company owns 3,940 shares.

Gaza : Hamas says it is ready for reconciliation with Fatah
Hoping to pressure Hamas to relinquish control of Gaza, Abbas has cut payments to Israel for the electricity it supplies to Gaza. Hamas, however, has been greatly weakened by an Israeli and Egyptian blockade, three wars with Israel and worldwide isolation.

Investors will mark their calendars for N/A, the date when Symantec Corporation (NASDAQ:SYMC) are expected to release their quarterly results. SYMC has diverse figures for different time frames; starting from week's performance it is giving positive returns of 11.76% in last five regular trading sessions. The company has market cap of $1.32 billion. The stock has advanced 44.77% to a low over the previous 12 months and showed declining move -3.57% to a high over the same period.

Typically 20-day simple moving average is useful at identifying swing trading trends lasting 20 days. Morgan Stanley upgraded Symantec Corporation (NASDAQ:SYMC) on Tuesday, December 15 to "Overweight" rating. The company's quarterly EPS surprised Wall Street by as much as -27% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. Symantec Corporation had a positive return on equity of 10.73% and a negative net margin of 8.68%. Analysts expect next quarter's EPS will be $0.51 and the next full year EPS is anticipated to be $2.04. During the same period in the prior year, the business posted $0.29 EPS. The company's quarterly revenue was up 38.9% compared to the same quarter previous year. The company also announced a dividend for shareholders which was paid on Wednesday the 13th of September 2017. Citigroup maintained the shares of SYMC in report on Monday, August 22 with "Buy" rating. This represents a $0.30 annualized dividend and a dividend yield of 0.90%. Wealth Enhancement Advisory Ser Limited Liability reported 0.11% of its portfolio in Symantec Corporation (NASDAQ:SYMC).

TRADEMARK VIOLATION WARNING: This story was first posted by Week Herald and is the sole property of of Week Herald. The legal version of this news story can be accessed at Sands Anita M had sold 2,000 shares worth $60,326. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The shares were sold at an average price of $28.84, for a total value of $38,900,286.04. Next Financial Group, Inc now owns 947 shares valued at $27,000,000. The disclosure for this sale can be found here.

Florida governor orders removal of nursing home from Medicaid after 8 died
As of Thursday, no one has taken responsibility for circumstances that led to eight Hollywood nursing home patients death. The image above shows just how close Hollywood Hills nursing home is (on the right) to Memorial Hospital (on the left ).

SYMC has been the topic of several research analyst reports. Finally, BidaskClub raised Symantec Corporation from a sell rating to a hold rating in a research report on Wednesday, August 23rd. They noted that the move was a valuation call. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands.

On June 7 analysts at Susquehanna began coverage with an initial rating of "Neutral". They set an "outperform" rating and a $36.00 price target for the company. Goldman Sachs Group, Inc. Standpoint Research upgraded shares of Symantec Corporation from a "hold" rating to a "buy" rating in a report on Thursday, June 29th. The shares price has positioned 15.98% up over the past quarter while it has directed 7.22% toward a rising position throughout past six months. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have issued a buy rating to the stock. Also, the current price highlights a discount of 21.4% to analysts' high consensus price target.

Commodities - Crude Oil Settles Higher, Best Performance in 7-Weeks
-The price drop in Asia comes following sharp gains throughout the week as USA oil facilities recover operations post hurricanes. That was followed by the International Energy Agency report in 2017 by 100,000 barrels a day (bpd) to 1.6m bpd, or 1.7%.

Other News

Trending Now

Prime Minister raises terror threat level after Tube attack
The suspect, who was arrested under the Terrorism Act, is now being held in a local police station, the Met Police said . Fortunately, no one was killed; it's the only act of terrorism in the United Kingdom this year that saw no fatalities.

Constellation Brands (STZ) Receiving Somewhat Favorable Press Coverage, Study Finds
MARSHALL WACE ASIA Ltd bought a new stake in shares of Constellation Brands in the 1st quarter valued at about $132,686,000. Hermes Investment Management Ltd decreased Constellation Brands Inc (STZ) stake by 39.66% reported in 2016Q4 SEC filing.

Grade Iowa football's win over North Texas
A 13-yard touchdown pass from North Texas quarterback Quinn Shanbour to Jalen Guyton gave the Mean Green a 14-10 lead at halftime. Fine proved to be a handful at times for Iowa's defense, as was Jeffrey Wilson on a 41-yard touchdown run in the first quarter.

British Airways plane searched at Paris airport after 'security alert'
We were waiting on the plane for around an hour. "They were then told the plane was to move to another part of the airport". Speaking to the Daily Star Online, Mr Anderson said: "Initially the pilot told us there were technical issues".

China Has No Right to Oppose Japan's investment in Northeast: Amit Shah
She added: "We are now trying to seek a solution through negotiations that is acceptable to both sides". The agreement was reached during the annual summit of the two countries held in India's Ahmedabad city.

Modified star Ted Christopher, 59, killed in plane crash in CT
On the Whelen tour and on New England short tracks, "Christopher was a throwback to NASCAR's roots", France said in a statement. Track officials planned to honor Christopher by having his vehicle driven for a ceremonial lap followed by a moment of silence.

Inter Tops Serie A Table with Hard-fought Win over Crotone
By collecting 12 points, Inter occupy the top of the standings since Napoli and Juventus will compete tomorrow. Bologna stay tenth after their second defeat.

China calls on USA to refrain from making threats against North Korea
Mattis agreed, saying at the time that "there are strong military consequences if the DPRK initiates hostilities". At the time, multiple other White House officials looked to refute Bannon's view.

Kevin Hart Issues Public Apology To His Wife
The 2nd tape reportedly doesn't show Hart, but in the 3rd are 2 people in a room, one of them vaguely resembling the comedian. Hart, in the video, said he felt like he has a target on his back, and while he should be more careful, he hasn't been.

Signaturefd LLC Purchases 944 Shares of International Business Machines Corporation (IBM)
Pennsylvania-based Concannon Wealth Mgmt Limited Liability Company has invested 2.2% in International Business Machines Corp. International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings results on Tuesday, July 18th.