(SYMC) Rating Lowered to Sector Perform at Royal Bank of Canada

(SYMC) Rating Lowered to Sector Perform at Royal Bank of Canada

(SYMC) Rating Lowered to Sector Perform at Royal Bank of Canada

Several equities research analysts have issued reports on the stock. The mean EPS estimate is $1.19. The stock has earnings growth of 262.40% yoy and showed a high EPS growth of 46.00% over the past five years. The company is scheduled to announce its next earnings results on Thursday, August 3rd. On average, equities research analysts expect that Symantec Co. will post $1.79 earnings per share for the current fiscal year. Following the transaction, the director now owns 37,231 shares of the company's stock, valued at $1,125,120.82.

SYMC has been the subject of a number of other research reports. The firm had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.18 billion. Symantec had a return on equity of 12.69% and a net margin of 55.12%. The business's quarterly revenue was up 34.7% compared to the same quarter past year. Over the last three months, the shares of the company have changed 0.76% and performed 22.12% over the last six months. The institutional investor held 182,297 shares of the prepackaged software company at the end of 2016Q4, valued at $4.36 million, down from 710,407 at the end of the previous reported quarter. Stifel Nicolaus restated a "hold" rating and set a $29.00 price target (up previously from $28.00) on shares of Symantec in a research note on Thursday, May 11th. Robert W. Baird reaffirmed a "hold" rating on shares of Symantec in a research report on Thursday. The mean target of $33.00 should be compared with the price when the stock was languishing around $16.55 a share. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company's stock. They now have a United States dollars 29 price target on the stock.

ILLEGAL ACTIVITY NOTICE: "Symantec Co". Thrivent For Lutherans invested 0% of its portfolio in Symantec Corporation (NASDAQ:SYMC). If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & worldwide copyright law. The correct version of this news story can be accessed at https://transcriptdaily.com/2017/05/22/symantec-co-symc-evp-sells-560892-78-in-stock.html.

The share price of Symantec Corporation (NASDAQ:SYMC) was down -2.42% during the last trading session, with a day high of 29.74. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -8.07% where SMA50 and SMA200 are -6.09% and 9.11% respectively. The firm has a 50 day moving average of $31.01 and a 200 day moving average of $27.56. Oak Associates Ltd who had been investing in Symantec Corporation for a number of months, seems to be less bullish one the $17.86 billion market cap company. Symantec also was the target of unusually large options trading on Friday. The Price to Sales (P/S) ratio of the stock is 4.47, while P/B (Price to Book) stands at 5.14.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. Investors of record on Wednesday, June 7th will be issued a $0.075 dividend. As per Monday, June 20, the company rating was upgraded by UBS. This represents a $0.30 annualized dividend and a dividend yield of 1.01%. Symantec's payout ratio is now 9.35%. The stock was sold at an average price of $29.34, for a total transaction of $560,892.78. The insider Fey Michael David sold 13,215 shares worth $378,213. Also, Director Anita M. Sands sold 2,000 shares of the company's stock in a transaction on Monday, April 17th. The shares were sold at an average price of $30.69, for a total transaction of $76,725.00. The disclosure for this sale can be found here.

Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Down in the future. Los Angeles Capital Management & Equity Research Inc. increased its position in Symantec by 24.3% in the third quarter. Following the sale, the insider now directly owns 291,001 shares in the company, valued at approximately $8,328,448.62. Cleararc Capital Inc. raised its position in shares of Symantec by 0.3% in the fourth quarter. RBC Capital Markets upgraded the stock to "Outperform" rating in Friday, March 11 report. Mason Street Advisors LLC now owns 85,518 shares of the technology company's stock worth $2,624,000 after buying an additional 237 shares during the period. Morgan Stanley increased its position in Symantec by 81.8% in the third quarter. Advisor Group Inc. now owns 4,636 shares of the technology company's stock worth $117,000 after buying an additional 717 shares during the period. Ameriprise Financial Inc. now owns 408,635 shares of the technology company's stock worth $10,256,000 after buying an additional 111,393 shares during the period. Company insiders own 0.76% of the company's stock.

Oak Associates Ltd decreased its stake in Symantec Corporation (SYMC) by 74.34% based on its latest 2016Q4 regulatory filing with the SEC.

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