Analysts Perspectives: Symantec Corporation (NASDAQ:SYMC)

Analysts Perspectives: Symantec Corporation (NASDAQ:SYMC)

Arizona State Retirement holds 0.05% of its portfolio in Symantec Corporation (NASDAQ:SYMC) for 154,127 shares.

Since the beginning of the calendar year, the stock is 24.70%. The company presently has an average rating of "Hold" and a consensus target price of $29.86. Overall, 6.33 Million shares exchanged hands versus its average trading volume of 6.3 Million shares. JMP Securities raised their target price on shares of Symantec to $32.00 in a research note on Thursday, February 2nd.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.5 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. The company now has a consensus rating of Hold and a consensus target price of $29.86. About shares traded. Symantec Corporation (NASDAQ:SYMC) has risen 71.82% since May 25, 2016 and is uptrending. Symantec has $40 highest and $14 lowest target. The firm has a 50 day moving average price of $30.99 and a 200-day moving average price of $27.94. Meru Capital Group Lp who had been investing in Symantec Corp for a number of months, seems to be bullish on the $18.27B market cap company.

Symantec (NASDAQ:SYMC) last issued its quarterly earnings data on Wednesday, May 10th. The institutional investor held 276,327 shares of the major banks company at the end of 2016Q4, valued at $7.91 million, up from 140,025 at the end of the previous reported quarter. Symantec had a return on equity of 12.69% and a net margin of 55.12%.

23 analysts on average are expecting the company to report revenue of $1.27 Billion for the current quarter. Ancora Ltd Company holds 0.23% or 132,051 shares in its portfolio. Revenue reached $1.1 billion, up 8% from $1 billion a year ago.

In terms of Buy, Sell or Hold recommendations, Symantec Corporation (NASDAQ:SYMC) has analysts' mean recommendation of 2.5.

Since December 9, 2016, it had 0 insider purchases, and 13 selling transactions for $4.54 million activity.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. State Of New Jersey Common Pension Fund D invested in 0.02% or 240,000 shares. The ex-dividend date is Monday, June 5th. Rhumbline Advisers holds 1.12M shares or 0.07% of its portfolio. Symantec's payout ratio is presently 9.35%. Checking on another technical indicator, the 14-day RSI is now sitting at 61.05, the 7-day rests at 55.26, and the 3-day is presently at 39.3. Also, Director Suzanne M. Vautrinot sold 2,500 shares of the stock in a transaction on Monday, April 3rd. Meiji Yasuda Asset Company Limited owns 19,792 shares. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Sands Anita M had sold 2,000 shares worth $60,326. The shares were sold at an average price of $30.69, for a total value of $76,725.00. Following the completion of the transaction, the chief accounting officer now directly owns 63,508 shares of the company's stock, valued at approximately $1,857,609. The disclosure for this sale can be found here. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the company. Mark Garfield today holds 0.01% of the stock market capitalization of Symantec Corp.

A number of hedge funds have recently made changes to their positions in the stock. National Bank & Trust Of America Corporation De reported 2.40M shares stake. United Services Automobile Association now owns 307,929 shares of the technology company's stock worth $7,729,000 after buying an additional 8,616 shares during the period. IFP Advisors Inc now owns 6,283 shares of the technology company's stock valued at $193,000 after buying an additional 19 shares during the period. Jackson Square Partners LLC bought a new position in Symantec during the third quarter worth about $565,123,000. Janus Capital Management LLC now owns 7,033,459 shares of the technology company's stock worth $215,787,000 after buying an additional 1,714,844 shares in the last quarter. Telemus Capital LLC raised its stake in Symantec by 14.7% in the first quarter. On Friday, August 5 the stock rating was maintained by RBC Capital Markets with "Outperform".

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock.

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