Symantec Corporation (SYMC) Given Buy Rating at Piper Jaffray Companies

Joanna Estrada
September 17, 2017

Symantec Corporation (NASDAQ:SYMC) shares have moved 5.09% on the week. Barclays Plc bought 1.11M shares as the company's stock rose 0.76% with the market.

SYMC has been the topic of several other research reports. The shares price has positioned 15.98% up over the past quarter while it has directed 7.22% toward a rising position throughout past six months. Credit Suisse Group began coverage on shares of Symantec Corporation in a research report on Tuesday, September 5th. Greenwood Capital Associates LLC now owns 15,210 shares of the technology company's stock valued at $467,000 after acquiring an additional 255 shares during the last quarter. The percentage of shares being held by the company management was 0.5% while institutional stake was 95.8%. California State Teachers Retirement has invested 0.06% in Symantec Corporation (NASDAQ:SYMC). Wall Street is only getting more bullish on the stock, with 13 of analysts who cover VEON having a buy-equivalent rating. Symantec Corporation presently has an average rating of "Hold" and an average price target of $31.54.

Recent price movements in the stock of Symantec Corporation (NASDAQ:SYMC) have caught the attention of the investment community. About 9.58 million shares traded or 23.93% up from the average. The company has market cap of $20.19 billion. The 50 day moving average went up $3.04 or +10.17% and the 200 day average was up $2.86. $1.43M worth of Symantec Corporation (NASDAQ:SYMC) was sold by Rosch Francis C on Monday, June 5.

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. Analysts expect next quarter's EPS will be $0.51 with next year's EPS anticipated to be $2.04. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. Symantec Corporation's revenue was up 38.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 EPS. Royal Bankshares Of Canada reported 1.25M shares. Morgan Stanley upgraded Symantec Corporation (NASDAQ:SYMC) on Friday, August 21 to "Equal Weight" rating. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and global copyright & trademark law. The legal version of this news story can be accessed at https://baseballnewssource.com/markets/symantec-corporation-symc-given-buy-rating-at-piper-jaffray-companies/1641058.html. Investors of record on Monday, August 21st were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.90%. As per Thursday, August 3, the company rating was maintained by Oppenheimer. The portion of a company's profit allocated to each outstanding share of common stock was -$0.67 a share in the trailing twelve months. This will give analytical advantage to a shorter-term trader since it pursues the price more intimately, and consequently produces less "lag" as comparison to the longer-term moving average. Johnson Financial Group Inc. now owns 5,596 shares of the technology company's stock worth $158,000 after buying an additional 325 shares during the last quarter. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Amy L. Cappellanti-Wolf sold 4,496 shares of the business's stock in a transaction on Thursday, September 14th. Over the recent three month period, executives unloaded 1,657,621 stocks of company shares worth at $48,174,811. The disclosure for this sale can be found here.

Parallax Volatility Advisers Lp decreased Dollar Tree Inc (Call) (NASDAQ:DLTR) stake by 10,200 shares to 14,500 valued at $1.12M in 2016Q4.

A number of institutional investors have recently made changes to their positions in SYMC. Evercore initiated Symantec Corporation (NASDAQ:SYMC) rating on Thursday, April 14. Jackson Square Partners Llc sold 2.70M shares as Symantec Corp Com (SYMC)'s stock rose 0.76%. 50 funds opened positions while 142 raised stakes. Wetherby Asset Management Inc. now owns 8,885 shares of the technology company's stock valued at $251,000 after acquiring an additional 246 shares during the last quarter. As of the end of the quarter Next Financial Group, Inc had sold 686 shares trimming its position 42.0%. Jackson Square Partners, LLC owns 20,071,586 shares worth $567,022,000. Finally, Municipal Employees Retirement System of MI grew its position in Symantec Corporation by 1.5% in the 1st quarter.

A number of analysts recently commented on the company. The Company operates through two segments: Consumer Security and Enterprise Security. The Company is developing solutions for cloud, threat protection, information protection and cyber security services.

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