The Bull Case for Symantec Corporation (SYMC)

Airain Ltd reported 0.42% in Symantec Corporation (NASDAQ:SYMC). The target implies a 0.39% spike from where the shares are now trading.

SYMC has been the topic of several other research reports. Piper Jaffray Companies reaffirmed a "buy" rating and set a $40.00 price target on shares of Symantec Corporation in a research report on Tuesday. Credit Suisse Group began coverage on shares of Symantec Corporation in a research report on Tuesday, September 5th. Nwq Management Co Limited Co holds 2.80 million shares or 0.91% of its portfolio. Royal Bank Of Canada downgraded Symantec Corporation from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from $34.00 to $32.00 in a research report on Friday, May 19th. 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. Symantec Corporation presently has an average rating of "Hold" and an average price target of $31.54.

The recently concluded session had traders exchanging VEON Ltd. (NASDAQ:VEON) high level. Symantec Corporation (SYMC) average trading volume of 6,666,645 during the past month is 5.25% below its average volume over the past year, indicating that investors have been less active than usual in the stock in recent times. Symantec Corp (Call) now has $20.44 billion valuation. The 50 day moving average went up $3.04 or +10.17% and the 200 day average was up $2.86.

Symantec Corporation (NASDAQ:SYMC) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.15 EPS for the quarter, topping the Zacks' consensus estimate of $0.12 by $0.03. Company's for the quarter end, revenue was upwards of 38.9% compared with the same period in the prior year. for the same period in the prior year, company reported $0.29 EPS. It has a return on equity (ROE) of -10.20%. Symantec Corporation's revenue was up 38.9% on a year-over-year basis. After $1.83 actual earnings per share reported by PPG Industries, Inc. for the previous quarter, Wall Street now forecasts -11.48% negative EPS growth. On June 29 the company was changed to "Buy" by Standpoint Research up from the previous "Buy" rating. If you are viewing this news story on another website, it was stolen and reposted in violation of USA & global copyright and trademark legislation. The correct version of this news story can be accessed at https://www.truebluetribune.com/2017/09/16/6603988-shares-in-symantec-corporation-symc-acquired-by-ci-global-investments-inc.html.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 21st were issued a dividend of $0.075 per share. The ex-dividend date was Thursday the 17th of August 2017. Symantec Corporation's dividend payout ratio is now -49.18%. LAYBOURNE GERALDINE B sold $217,671 worth of stock or 7,200 shares. The shares were sold at an average price of $28.45, for a total transaction of $71,125.00. Following the completion of the sale, the senior vice president now directly owns 112,907 shares in the company, valued at $3,387,210. The Beta for the stock stands at 1.14. As of the end of the quarter Cantab Capital Partners Llp had sold a total of 26,584 shares trimming its position 53.3%. Sands now owns $1,301,580 of the stock according to the SEC filing. The disclosure for this sale can be found here. It is positive, as 90 investors sold AAPL shares while 975 reduced holdings.

Symantec Corporation is a United States cyber security company. During last 3 month period, -2.10% of total institutional ownership has changed in the company shares. 50 funds opened positions while 142 raised stakes. Sun Life Financial INC now owns 4,420 shares of the technology company's stock valued at $125,000 after buying an additional 4,410 shares during the last quarter. Johnson Financial Group boosted its stake in stocks of Symantec Corporation by 8.0% during the Q1. Municipal Employees Retirement System of MI now owns 20,120 shares of the technology company's stock valued at $617,000 after acquiring an additional 290 shares during the last quarter. Finally, Municipal Employees Retirement System of MI grew its position in Symantec Corporation by 1.5% in the 1st quarter. Institutional investors own 91.72% of the company's stock. The Company operates through two segments: Consumer Security and Enterprise Security. The Company offers products under categories, such as threat protection, information protection, cyber security services and Website security.

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