Equal-Weight rating was Kept at Morgan Stanley. Symantec (NASDAQ:SYMC) Has Given Target Of $23.

June 26, 2018 - By Lena Young

Symantec Corporation (NASDAQ:SYMC) Corporate Logo

During Q1 2018 the big money sentiment increased to 0.99. That’s change of 0.07, from 2017Q4’s 0.92. 53 investors sold all, 134 reduced holdings as Symantec Corporation ratio improved. 130 increased holdings while 56 funds took holdings. Funds hold 534.82 million shares thus 2.43% less from 2017Q4’s 548.16 million shares.

Manchester Capital Mngmt Ltd Liability Corporation has 1,511 shs. Srs Inv Mgmt Limited Co has 1.39% invested in Symantec Corporation (NASDAQ:SYMC) for 2.74M shs. Cambiar Invsts Ltd has 2.07M shs for 0.85% of their capital. Federated Invsts Pa invested in 0% or 12,010 shs. Td Mngmt Ltd Liability Co invested 0% of its capital in Symantec Corporation (NASDAQ:SYMC). Pictet Asset Mngmt stated it has 0.19% in Symantec Corporation (NASDAQ:SYMC). Citadel Advsrs Ltd Liability Corporation, Illinois-based fund reported 527,450 shs. Mcmillion Mgmt Inc accumulated 83,194 shs. Mason Street Advsrs reported 0.05% stake. Asset Mngmt One holds 0.06% in Symantec Corporation (NASDAQ:SYMC) or 998,862 shs. Td Asset reported 1.68M shs. 329,428 were accumulated by Apg Asset Management Nv. Prudential Public Limited Company holds 0% or 8,160 shs. Johnson Finance Grp Incorporated accumulated 0.19% or 63,019 shs. Mark Sheptoff Fincl Planning Ltd Limited Liability Company owns 1,000 shs.

Symantec Corporation registered $2.63 million net activity with 0 insider purchases and 3 insider sales since March 5, 2018. Vautrinot Suzanne M sold $110,880 worth of Symantec Corporation (NASDAQ:SYMC) on Friday, March 9. 51,899 Symantec Corporation (NASDAQ:SYMC) shs with value of $1.38 million were sold by Rosch Francis C.

Reiterated Symantec (NASDAQ:SYMC) Rating.

In analysts report issued to investors and clients by Morgan Stanley’s equity analysts, Symantec (NASDAQ:SYMC) had it’s stock Rating kept to Equal-Weight. On Monday, 25 June it has $23 or 12.97 % target price that suggests a potential upside move.

Symantec Corporation (NASDAQ:SYMC) Ratings Coverage

Total analysts of 16 have positions in Symantec (NASDAQ:SYMC) as follows: 2 rated it a “Buy”, 2 with “Sell” and 12 with “Hold”. The positive are 13%. Since January 18, 2018 according to StockzIntelligence Inc Symantec has 20 analyst reports. The company rating was downgraded by Oppenheimer on Friday, May 11. On Thursday, February 1 the stock of Symantec Corporation (NASDAQ:SYMC) has “Equal-Weight” rating given by Morgan Stanley. On Friday, May 11 the company was downgraded by Macquarie Research. On Thursday, February 1 the stock of Symantec Corporation (NASDAQ:SYMC) has “Sell” rating given by Cowen & Co. In Thursday, February 1 report Bank of America maintained it with “Underperform” rating and $21 target. On Tuesday, May 15 the stock has “Hold” rating by Jefferies. On Thursday, January 18 the company was downgraded by Jefferies. On Monday, June 25 the firm has “Equal-Weight” rating by Morgan Stanley given. On Friday, May 11 the firm has “Equal-Weight” rating by First Analysis given. In Friday, April 6 report Standpoint Research upgraded the stock to “Buy” rating.

SYMC reached $20.36 during the last trading session after $0.11 change.Currently Symantec Corporation is downtrending after 29.68% change in last June 26, 2017. SYMC has also 8.51 million shares volume. SYMC underperformed by 42.25% the S&P 500.

Symantec Corporation (NASDAQ:SYMC)’s earnings report is awaited on August, 1., as reported by Faxor. Last year’s earnings per share was $0.15, while now analysts expect change of 0.00 % from current $0.15 earnings per share. SYMC’s profit could be $93.23M with 33.93 P/E in case $0.15 earnings per share is announced. -42.31 % negative EPS growth is what analysts predict. $0.26 earnings per share was announced for last quarter.

Symantec Corporation, together with its subsidiaries, provides cybersecurity solutions worldwide.The company has $12.66 billion market cap. It operates through two divisions, Consumer Digital Safety and Enterprise Security.11.73 is the P/E ratio. The Consumer Digital Safety segment provides Norton-branded services that provide multi-layer security services across desktop and mobile operating systems, public Wi-Fi connections, and home networks to defend against online threats to individuals, families, and small businesses.

More recent Symantec Corporation (NASDAQ:SYMC) news were announced by Globenewswire.com, Globenewswire.com and Businesswire.com. The first one has “Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Symantec Corporation of Class Action …” as a title and was announced on June 10, 2018. The next is “UPCOMING DEADLINES: The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of MOH …” on June 26, 2018. And last was announced on June 26, 2018, called “Symantec and FBI-LEEDA Train More Than 16000 Law Enforcement Personnel to Combat Identity Theft”.

Symantec Corporation (NASDAQ:SYMC) Institutional Investors Chart

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