Symantec Corporation (SYMC) — Trending Stock

14 May, 2017, 01:21 | Author: Glen Fletcher
  • A Technical Look At 2 Stocks: Symantec Corporation (SYMC), Callon Petroleum Company (CPE)

World Asset Management Inc now owns 65,588 shares of the technology company's stock worth $1,646,000 after buying an additional 1,590 shares in the last quarter. In most recent quarter, LT Debt/Equity ratio was listed at 1.61 and Total Debt/Equity ratio was noted at 1.81.

Several other large investors also recently bought and sold shares of SYMC.

Blue Ridge Capital Llc decreased Gopro Inc (NASDAQ:GPRO) stake by 165,000 shares to 1.76M valued at $15.33M in 2016Q4. The short ratio in the company's stock is documented at 4.38 and the short float is around of 3.95%. Lone Pine Capital LLC bought a new position in Symantec during the fourth quarter worth $317,066,000. Johnson Financial Group Inc. boosted its stake in shares of Symantec by 5.6% in the fourth quarter. Its last month's stock price volatility remained 4.46% which for the week approaches 4.08%. Shell Asset Management Co. increased its stake in Symantec by 2.8% in the third quarter. Finally, IFP Advisors Inc boosted its stake in shares of Symantec by 0.3% in the first quarter. The fund owned 2,208,976 shares of the technology company's stock after buying an additional 487,900 shares during the period. Cornerstone Capital Hldgs Limited Co stated it has 55,128 shares or 0.01% of all its holdings. Symantec Corporation has a 52-week low of 16.25 and a 52-week high of 33.22.

Kohl's Corporation (NYSE:KSS) shares were last seen down -7.84% at $37.16, which is 5.58% higher than the previous trading session. Symantec Corporation has a 19.51B market cap and its past year revenues were 3.78B.

The stock's price switched up 6.11% 20-Days Simple Moving Average, added 8.27% from 50-Days Simple Moving Average and rose 26.44% from 200 Days Simple Moving Average. The current share price indicates that stock is -5.30% away from its one year high and is moving 96.21% ahead of its 52-week low. Traders acquired 16,122 call options on the stock. This represents an increase of 861% compared to the typical daily volume of 1,677 call options. The Return on Investment (ROI) ratio of Symantec Corporation (SYMC) is -12.9 percent. The technology company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.28. The company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.18 billion. Comparatively, SYMC posted earnings of $0.34 per share in the same quarter, a year earlier. This means that over the past quarter there has been an increase of insiders buying their shares of SYMC in relation to earlier this year. On average, equities analysts predict that Symantec Co. will post $1.78 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th will be paid a $0.075 dividend. The rating was upgraded by UBS to "Buy" on Monday, June 20. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.97%. Symantec's payout ratio is 9.35%.

COPYRIGHT VIOLATION WARNING: This piece was reported by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & worldwide trademark and copyright laws. Barclays Capital maintained the shares of SYMC in report on Wednesday, March 2 with "Equal-Weight" rating.

A look at some of the inputs to technical analysis model shows how Symantec Corporation current price compares to its recent moving averages.

In other Symantec news, insider Michael David Fey sold 13,215 shares of the firm's stock in a transaction dated Wednesday, February 15th. There is no concrete way to calculate a price target.

Among 21 analysts covering Symantec (NASDAQ:SYMC), 9 have Buy rating, 0 Sell and 12 Hold. Robert W. Baird restated a "hold" rating on shares of Symantec in a research note on Thursday. The average analysts gave this company a mean recommendation of 2.10. The stock has an average rating of "Hold" and an average target price of $29.38. The shares were sold at an average price of $30.22, for a total transaction of $60,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Rosch Francis C had sold 14,585 shares worth $420,009 on Wednesday, March 1.

JMP has a Market Outperform rating with a $35 price target. Following the completion of the transaction, the chief accounting officer now directly owns 63,508 shares of the company's stock, valued at $1,857,609. The disclosure for this sale can be found here. In the last three months, insiders sold 69,517 shares of company stock valued at $2,020,553. Institutional investors and hedge funds own 93.90% of the company's stock.

Symantec Corporation (SYMC) belongs to the "Technology" sector with an industry focus on "Security Software & Services", with Mr. Scott C. Taylor as Exec. VP, Gen. Counsel and Sec. The Firm offers products under categories, such as threat protection, information protection, cyber security services and Website security. The Enterprise Security segment includes secure socket layer certificates, authentication, mail and web security, data center security, data loss prevention, information security services, endpoint security and management, encryption, and mobile offerings to organizations.

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