Economy

Betting On Symantec Corporation (NASDAQ:SYMC) ?

Betting On Symantec Corporation (NASDAQ:SYMC) ?

A number of hedge funds have recently bought and sold shares of SYMC. For the next 5 years, Symantec Corporation is expecting Growth of 1.9% per annum, whereas in the past 5 years the growth was -10.88% per annum. There has been an observed change of -37.52% in the ownership of the shares in the past six months. UBS Asset Management Americas Inc. now owns 2,229,361 shares of the technology company's stock valued at $68,397,000 after purchasing an additional 217,935 shares during the period. Finally, Pictet Asset Management Ltd. lifted its position in shares of Symantec Corporation by 26.2% in the first quarter.

The company shows its Return on Assets (ROA) value of -2.2%. Finally, Municipal Employees Retirement System of MI boosted its position in Symantec Corporation by 1.5% during the first quarter.

While under theory that management are shareholders, many value investors look for stocks with a high percent of insider ownership, because they will act in its own self interest, as well create shareholder value in the long-term. Tower Research Cap Ltd Liability Corp (Trc) invested in 9,896 shares or 0.03% of the stock. Cornerstone Advsrs Inc has invested 0.09% of its portfolio in Symantec Corporation (NASDAQ:SYMC). If you are viewing this piece of content on another publication, it was copied illegally and reposted in violation of United States and global trademark & copyright legislation. The correct version of this report can be viewed at https://weekherald.com/2017/09/26/symantec-corporation-symc-stake-lowered-by-principal-financial-group-inc.html. On Wednesday, May 17 Sands Anita M sold $60,326 worth of Symantec Corporation (NASDAQ:SYMC) or 2,000 shares. A reading above 70 indicates that a stock is overvalued, and a reading below 30 implies that it is undervalued. Following the completion of the sale, the chief executive officer now owns 1,321,671 shares in the company, valued at approximately $39,650,130. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.30% of the company's stock. The shares were sold at an average price of $28.84, for a total transaction of $38,900,286.04. A low price-to-sales ratio, typically less than 1.0, is considered a good value. The disclosure for this sale can be found here. The company's existing price is $33.02 with a change in volume of 4274372. This is according to the analysts polled by Thomson Reuters which have recently published research reports on the firm.

Symantec Corporation has 52 week low of $22.76 and a 52 week high of $34.20 and has a market capitalization of $0. Zacks Investment Research lowered Symantec Corporation from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 8th.

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Among 32 analysts covering Chesapeake Energy Corporation (NYSE:CHK), 7 have Buy rating, 6 Sell and 19 Hold. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of "Hold" and a consensus price target of $31.54.

Symantec Corporation (NASDAQ:SYMC) slipped over -0.51% at $32.85, after hitting low of $32.5 in an intra-day trade. Creative Planning who had been investing in Chesapeake Energy Corp for a number of months, seems to be bullish on the $3.97 billion market cap company. The firm has a 50-day moving average of $30.14 and a 200-day moving average of $30.21.

Symantec Corporation most recently reported earnings per share (EPS) of $0.33 for the June 2017 versus $0.29 in the same quarter a year ago, representing 14% growth. The technology company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.03. The business earned $1.09 billion during the quarter, compared to analysts' expectations of $1.08 billion. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. Year to Date performance value (YTD perf) value is 38.22%. This showed a surprise of 6.5% in the last quarter earnings.

Many analysts are providing their Estimated Earnings analysis for Symantec Corporation and for the current quarter 26 analysts have projected that the stock could give an Average Earnings estimate of $0.43/share. Stockholders of record on Monday, August 21st were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, February 16th. The Firm offers products under categories, such as threat protection, information protection, cyber security services and Website security.


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