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Main » Symantec Corporation (SYMC) EVP Sells 4749 Shares of Stock

Symantec Corporation (SYMC) EVP Sells 4749 Shares of Stock

17 September 2017

Capital Research Global Investors now owns 14,305,855 shares of the technology company's stock worth $404,140,000 after buying an additional 13,546,895 shares during the period. Trading volume for Symantec Corporation was 5,064K by the end of trading on Friday.

Quite a few brokerage firm analysts quite recently weighed in on SYMC Stocks. It also reduced its holding in Teleflex Inc (NYSE:TFX) by 10,330 shares in the quarter, leaving it with 20,255 shares, and cut its stake in Ciena Corp (Put) (NYSE:CIEN). Over the recent three month period, executives unloaded 1,657,621 stocks of company shares worth at $48,174,811. New York-based Paradigm New York has invested 0.25% in Symantec Corporation (NASDAQ:SYMC). Anita M. Sands, Director reported the sale of 2,000 shares of SYMC stock.

Symantec Corporation, launched on April 19, 1988, provides security and information management solutions. The EVP now owns $8,180,456 of the stock per the Form 4 SEC filing. Greenwood Capital Associates LLC grew its position in Symantec Corporation by 1.7% in the 1st quarter.

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Symantec Corporation (NASDAQ:SYMC) has a beta of 1.14, compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole. Finally, Municipal Employees Retirement System of MI grew its position in Symantec Corporation by 1.5% in the 1st quarter. (NYSE:PPG). Dynamic Advsrs Solutions Limited Liability owns 4,917 shares for 0.19% of their portfolio.

At Bancorp has invested 0.1% in Symantec Corporation (NASDAQ:SYMC). About 33.10 million shares traded or 17.38% up from the average. The stock has advanced 44.77% to a low over the previous 12 months and showed declining move -3.57% to a high over the same period.

For this SYMC's 20 days and 50 days MA (moving average) comparison clear the blur picture.

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Symantec Corporation (NASDAQ:SYMC) last posted its quarterly earnings data on Wednesday, August 2nd.

VEON Ltd. (VEON) failed to surprise the stock market in its last reported earnings when it earned -$0.07 a piece versus the consensus-estimated $0.11. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. Its revenue totaled $2.35 billion up 3.16% from the previous quarter. During the same quarter in the prior year, the company posted $0.29 EPS. The company's quarterly revenue was up 38.9% compared to the same quarter past year. Symantec has $40 highest and $14 lowest target. The company recently declared a dividend paid on Wednesday September 13th, 2017. This represents a $0.30 annualized dividend and a yield of 0.90%. Wealth Enhancement Advisory Ser Limited Liability reported 0.11% of its portfolio in Symantec Corporation (NASDAQ:SYMC).

WARNING: This news story was originally published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and worldwide copyright & trademark law. The original version of this story can be viewed at https://weekherald.com/2017/09/16/symantec-corporation-symc-evp-sells-499418-55-in-stock.html. The shares were sold at an average price of $29.99, for a total transaction of $443,971.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. A longer-term moving average may be used to identify the primary price trend, a shorter moving average period to identify the secondary, price trend, and an even shorter moving average period to identify the minor price trend. The disclosure for this sale can be found here. Everpoint Asset Ltd Liability Company has 0.16% invested in Symantec Corporation (NASDAQ:SYMC). California State Teachers Retirement has invested 0.06% in Symantec Corporation (NASDAQ:SYMC). They noted that the move was a valuation call. Shares are clocking price at $32.95 with change of -0.39%. Citigroup maintained the shares of SYMC in report on Monday, January 30 with "Neutral" rating. RBC Capital Markets has "Outperform" rating and $150 target. Goldman Sachs Group, Inc. Research Firm Zacks boosted Symantec Corporation from a "strong sell" recommendation to a "buy" recommendation and fixed a $32.00 PT for the company in a study report on early Tue, Jul 11th. The shares were sold on July 12th for an average price of $30.00. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have given a buy rating to the company's stock. Sell-side research firms now have a consensus one year price target of $111.79 on the stock according to First Call. The Company operates through two segments: Consumer Security and Enterprise Security.

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