Sentiment for Symantec Corp (NASDAQ:SYMC)
Symantec Corp (NASDAQ:SYMC) institutional sentiment decreased to 0.99 in Q2 2019. Its down -0.24, from 1.23 in 2019Q1. The ratio fall, as 174 investment managers started new or increased equity positions, while 175 reduced and sold their positions in Symantec Corp. The investment managers in our partner’s database now have: 540.17 million shares, down from 551.58 million shares in 2019Q1. Also, the number of investment managers holding Symantec Corp in their top 10 equity positions decreased from 7 to 4 for a decrease of 3. Sold All: 37 Reduced: 138 Increased: 123 New Position: 51.
Symantec Corporation, together with its subsidiaries, provides cybersecurity solutions worldwide. The company has market cap of $15.12 billion. It operates through two divisions, Consumer Digital Safety and Enterprise Security. It has a 146.47 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.
The stock decreased 0.33% or $0.08 during the last trading session, reaching $24.46. About 6.28M shares traded. Symantec Corporation (NASDAQ:SYMC) has risen 6.15% since September 14, 2018 and is uptrending. It has outperformed by 6.15% the S&P500.
Analysts await Symantec Corporation (NASDAQ:SYMC) to report earnings on November, 7. They expect $0.32 EPS, up 6.67 % or $0.02 from last year’s $0.3 per share. SYMC’s profit will be $197.77 million for 19.11 P/E if the $0.32 EPS becomes a reality. After $0.35 actual EPS reported by Symantec Corporation for the previous quarter, Wall Street now forecasts -8.57 % negative EPS growth.
Starboard Value Lp holds 25.16% of its portfolio in Symantec Corporation for 38.00 million shares. 13D Management Llc owns 996,534 shares or 6.53% of their US portfolio. Moreover, Contour Asset Management Llc has 4.64% invested in the company for 3.20 million shares. The New York-based Clearline Capital Lp has invested 3.9% in the stock. Crosslink Capital Inc, a California-based fund reported 734,287 shares.
Symantec Corporation (NASDAQ:SYMC) Ratings Coverage
Ratings analysis reveals 50% of Symantec Corp’s analysts are positive. Out of 4 Wall Street analysts rating Symantec Corp, 2 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. The lowest target is $1400 while the high is $28. The stock’s average target of $21.75 is -11.08% below today’s ($24.46) share price. SYMC was included in 10 notes of analysts from March 26, 2019. As per Monday, June 17, the company rating was upgraded by Mizuho. The rating was initiated by Mizuho with “Hold” on Tuesday, March 26. On Friday, May 10 the stock rating was maintained by Mizuho with “Neutral”. On Monday, April 8 the stock rating was upgraded by Goldman Sachs to “Buy”. The firm has “Underweight” rating by Morgan Stanley given on Tuesday, June 11.
More notable recent Symantec Corporation (NASDAQ:SYMC) news were published by: Nasdaq.com which released: “After Hours: Broadcom and Symantec Reportedly Nearing Deal, Lyft Smashes Q2 Estimates – Nasdaq” on August 07, 2019, also Nasdaq.com with their article: “After Hours Most Active for Aug 15, 2019 : SYMC, AKRX, DISCA, ANGI, LYFT, GLRE – Nasdaq” published on August 15, 2019, Nasdaq.com published: “Earnings Preview: Symantec (SYMC) Q1 Earnings Expected to Decline – Nasdaq” on August 01, 2019. More interesting news about Symantec Corporation (NASDAQ:SYMC) were released by: Nasdaq.com and their article: “Friday 8/16 Insider Buying Report: SYMC, OTEL – Nasdaq” published on August 16, 2019 as well as Nasdaq.com‘s news article titled: “Top-Ranked Stocks Suitable for Millennials: 6 Picks – Nasdaq” with publication date: September 05, 2019.
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