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techkenyot.com 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.

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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 https://baseballnewssource.com/markets/symantec-corporation-symc-given-buy-rating-at-piper-jaffray-companies/1641058.html. 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.

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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.

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