Ci Global Investments INC Increased Stake in Symantec Corp (SYMC) by $101.25 Million as Shares Declined

June 29, 2018 - By Ronnie Lemelle

Symantec Corporation (NASDAQ:SYMC) Corporate LogoBig Money Sentiment increased to 0.99 in 2018 Q1. It has change of 0.07, from 2017Q4’s 0.92. The ratio is positive due to SYMC positioning: 53 sold and 134 reduced. 56 funds took positions and 130 increased positions. Investors holded 548.16 million in 2017Q4 but now own 534.82 million shares or 2.43% less. Canada Pension Plan Invest Board stated it has 0.02% in Symantec Corporation (NASDAQ:SYMC). Putnam Invests Limited Liability Company has invested 0% in Symantec Corporation (NASDAQ:SYMC). Jefferies Grp Inc Llc holds 0.01% or 92,518 shs. Ameritas Inv owns 26,259 shs. Utah-based Utah Retirement System has invested 0.06% in Symantec Corporation (NASDAQ:SYMC). Mcmillion Capital Mngmt Incorporated reported 83,194 shs. Strs Ohio owns 56,572 shs for 0.01% of their capital. Bragg Advsrs Incorporated invested in 170,674 shs or 0.65% of the stock. Moreover, Petrus Lta has 2.34% invested in Symantec Corporation (NASDAQ:SYMC). Vanguard Group reported 63.88M shs. Glob X Management Ltd Liability stated it has 0.01% of its capital in Symantec Corporation (NASDAQ:SYMC). First Trust Advsr Ltd Partnership has 0.23% invested in Symantec Corporation (NASDAQ:SYMC) for 3.85M shs. Nuveen Asset Limited Liability holds 0% or 16,147 shs in its capital. The Michigan-based Comerica State Bank has invested 0.03% in Symantec Corporation (NASDAQ:SYMC). Jane Street Grp Lc holds 0.01% of its capital in Symantec Corporation (NASDAQ:SYMC) for 78,194 shs.

SYMC had 3 insider sales and 0 insider purchases since March 5, 2018. This’s net activity of $2.63 million. On Monday, March 5 Rosch Francis C had sold 51,899 shs worth $1.38M. 4,000 shs were sold by Vautrinot Suzanne M, worth $110,880 on Friday, March 9.

In Symantec Corp (SYMC) was increased the stake owned by Ci Global Investments Inc. The decrease is 32.03% according to 2018Q1 Securities and Exchange filling. The company’s stock sank 22.66% while Ci Global Investments Inc bought 4.05M shares. At the end of 2018Q1, the 16.70 million shares of the prepackaged software company held by the institutional investor were valued at $431.57 million, up from 12.64M at the end of the previous reported quarter. $12.80 billion is Symantec Corp’s market cap. SYMC touched $20.6 during the last trading session after $0.31 change.Symantec Corporation has volume of 3.20M shares. Since June 29, 2017 SYMC has declined 29.68% and is downtrending. The stock underperformed the S&P 500 by 42.25%.

Ci Global Investments Inc decreased its stake in Amgen Inc (NASDAQ:AMGN) by 194,157 shares to 14,230 shares, valued at $2.43M in 2018Q1, according to the filing. It operates about $9.58 billion and $5.81 billion US Long portfolio. Ci Global Investments Inc has cut its stake in Synchrony Finl (NYSE:SYF) and also reduced its holding in Franco Nevada Corp (NYSE:FNV) by 233,729 shares in the quarter, for a total of 382,527 shares.

There’s a significant Symantec Corporation (NASDAQ:SYMC) news announced by Globenewswire.com. It’s an item titled: “SHAREHOLDER ALERT – GOGO INWK FLEX SYMC REPH ORA TAL: The Law Offices of Vincent Wong Reminds …” on June 28, 2018.

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. On Friday, May 11 the firm has “Neutral” rating by PiperJaffray given. On Friday, May 11 the firm has “Perform” rating by Oppenheimer given. In Thursday, February 1 report Morgan Stanley maintained the stock with “Equal-Weight” rating. In Wednesday, January 31 report Stifel Nicolaus maintained it with “Hold” rating and $26.0 target. On Monday, January 22 Credit Suisse downgraded the shares of SYMC in report to “Hold” rating. On Thursday, January 18 the stock of Symantec Corporation (NASDAQ:SYMC) has “Underperform” rating given by Jefferies. On Friday, May 11 the stock of Symantec Corporation (NASDAQ:SYMC) has “Equal-Weight” rating given by First Analysis. On Friday, April 6 Standpoint Research upgraded Symantec Corporation (NASDAQ:SYMC) to “Buy” rating. On Thursday, February 1 the stock has “Underperform” rating by Bank of America. On Thursday, February 1 the rating was maintained by Cowen & Co with “Sell”.

Symantec Corporation (NASDAQ:SYMC) Institutional Investors Chart

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