Symantec Corp (Call) (SYMC) Shareholder Scge Management LP Has Decreased Holding by $18.08 Million as Stock Price Rose

March 15, 2018 - By reb123z

Investors sentiment decreased to 0.86 in 2017 Q3. Its down 0.09, from 0.95 in 2017Q2. It worsened, as 48 investors sold SYMC shares while 170 reduced holdings. 55 funds opened positions while 133 raised stakes. 571.53 million shares or 3.02% more from 554.80 million shares in 2017Q2 were reported. Moreover, Virtus Invest Advisers has 0.05% invested in Symantec Corporation (NASDAQ:SYMC). Raymond James Fincl Services holds 0.01% or 27,997 shares. Zacks Investment holds 0.17% of its portfolio in Symantec Corporation (NASDAQ:SYMC) for 221,434 shares. Ent holds 0.01% or 566 shares in its portfolio. Comml Bank Of Nova Scotia owns 255,858 shares. Tarbox Family Office Inc has 0.01% invested in Symantec Corporation (NASDAQ:SYMC) for 368 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 190,764 shares or 0.06% of its portfolio. Vanguard Group Inc has invested 0.1% in Symantec Corporation (NASDAQ:SYMC). Capital Finance Advisers Limited Liability Company accumulated 24,262 shares or 0.01% of the stock. 112 are owned by D Scott Neal. Jfs Wealth Advsr Ltd Limited Liability Company stated it has 0.01% of its portfolio in Symantec Corporation (NASDAQ:SYMC). Shine Advisory Inc holds 0.02% of its portfolio in Symantec Corporation (NASDAQ:SYMC) for 951 shares. Ameritas Invest Prns owns 26,946 shares. Nationwide Fund, Pennsylvania-based fund reported 479,810 shares. Private Advisor Gp Ltd Liability reported 0.01% stake.

Since September 18, 2017, it had 0 insider purchases, and 5 sales for $1.99 million activity. $1.38 million worth of stock was sold by Rosch Francis C on Monday, March 5. Shares for $67,016 were sold by Sands Anita M. The insider TAYLOR SCOTT C sold $348,668.

Christopher Lyle decreased its stake in Symantec Corp (Call) (SYMC) by 50.22% based on its latest 2017Q3 regulatory filing with the SEC. Scge Management Lp sold 565,000 shares as the company’s stock rose 0.76% with the market. The hedge fund run by Christopher Lyle held 560,000 shares of the prepackaged software company at the end of 2017Q3, valued at $18.37 million, down from 1.13M at the end of the previous reported quarter. Scge Management Lp who had been investing in Symantec Corp (Call) for a number of months, seems to be less bullish one the $17.06 billion market cap company. The stock increased 0.27% or $0.07 during the last trading session, reaching $27.44. About 2.24M shares traded. Symantec Corporation (NASDAQ:SYMC) has risen 71.82% since March 15, 2017 and is uptrending. It has outperformed by 55.12% the S&P500.

Scge Management Lp, which manages about $1.17 billion and $480.50 million US Long portfolio, upped its stake in Shopify Inc by 98,875 shares to 783,875 shares, valued at $91.31 million in 2017Q3, according to the filing.

Analysts await Symantec Corporation (NASDAQ:SYMC) to report earnings on May, 9. They expect $0.25 earnings per share, up 400.00 % or $0.20 from last year’s $0.05 per share. SYMC’s profit will be $155.41 million for 27.44 P/E if the $0.25 EPS becomes a reality. After $0.38 actual earnings per share reported by Symantec Corporation for the previous quarter, Wall Street now forecasts -34.21 % negative EPS growth.

Another recent and important Symantec Corporation (NASDAQ:SYMC) news was published by which published an article titled: “Symantec Corporation (SYMC) Ex-Dividend Date Scheduled for February 21, 2018” on February 20, 2018.

Symantec Corporation (NASDAQ:SYMC) Ratings Coverage

Among 31 analysts covering Symantec (NASDAQ:SYMC), 9 have Buy rating, 3 Sell and 19 Hold. Therefore 29% are positive. Symantec had 90 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has “Neutral” rating by BTIG Research on Thursday, September 10. The rating was downgraded by Cowen & Co on Monday, October 9 to “Sell”. The firm has “Hold” rating given on Wednesday, September 6 by Cowen & Co. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, August 12. As per Wednesday, January 31, the company rating was maintained by Stifel Nicolaus. The rating was initiated by Evercore with “Sell” on Thursday, April 14. The stock of Symantec Corporation (NASDAQ:SYMC) has “Buy” rating given on Tuesday, August 11 by Citigroup. The stock of Symantec Corporation (NASDAQ:SYMC) earned “Market Perform” rating by Raymond James on Friday, April 29. The stock of Symantec Corporation (NASDAQ:SYMC) has “Hold” rating given on Thursday, June 8 by Jefferies. The firm has “Outperform” rating by RBC Capital Markets given on Friday, March 11.

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