Cubic Asset Management LLC Lowered Symantec Corp (SYMC) Stake as Stock Value Rose

June 20, 2017 - By Winifred Garcia

Investors sentiment decreased to 0.82 in Q4 2016. Its down 0.15, from 0.97 in 2016Q3. It is negative, as 43 investors sold SYMC shares while 192 reduced holdings. 50 funds opened positions while 142 raised stakes. 554.75 million shares or 0.62% more from 551.32 million shares in 2016Q3 were reported. Asset Mgmt Incorporated reported 2,606 shares. Oregon Pub Employees Retirement Fund reported 0.18% stake. Ratan Management LP has invested 12.21% in Symantec Corporation (NASDAQ:SYMC). State Bank Of Hawaii holds 21,315 shares. Gulf Intll Bancorp (Uk) Limited owns 183,384 shares. The Alabama-based Wealthtrust has invested 0% in Symantec Corporation (NASDAQ:SYMC). 55,153 were accumulated by M&T Financial Bank. Spot Trading Lc has 66,252 shares. Ing Groep Nv reported 11,475 shares. First Advsr LP invested 0.18% in Symantec Corporation (NASDAQ:SYMC). Barry Invest Advsr Ltd Liability Corporation reported 0.09% in Symantec Corporation (NASDAQ:SYMC). Texas Permanent School Fund, Texas-based fund reported 186,753 shares. Ameritas Inv Prtn holds 0.03% of its portfolio in Symantec Corporation (NASDAQ:SYMC) for 27,585 shares. Ameriprise Financial stated it has 614,816 shares. 1,272 are owned by Kanaly Tru Com.

Since January 6, 2017, it had 0 insider buys, and 19 insider sales for $7.58 million activity. Garfield Mark S. sold $87,809 worth of stock or 3,002 shares. Another trade for 8,000 shares valued at $228,042 was sold by TAYLOR SCOTT C. 14,585 Symantec Corporation (NASDAQ:SYMC) shares with value of $420,009 were sold by Rosch Francis C. Noviello Nicholas R sold $900,154 worth of stock or 27,741 shares. Vautrinot Suzanne M had sold 2,500 shares worth $76,725. $217,671 worth of Symantec Corporation (NASDAQ:SYMC) shares were sold by LAYBOURNE GERALDINE B. Sands Anita M sold $60,326 worth of Symantec Corporation (NASDAQ:SYMC) on Wednesday, May 17.

Cubic Asset Management Llc decreased its stake in Symantec Corp (SYMC) by 69.6% based on its latest 2016Q4 regulatory filing with the SEC. Cubic Asset Management Llc sold 142,640 shares as the company’s stock rose 0.76% with the market. The institutional investor held 62,300 shares of the prepackaged software company at the end of 2016Q4, valued at $1.49M, down from 204,940 at the end of the previous reported quarter. Cubic Asset Management Llc who had been investing in Symantec Corp for a number of months, seems to be less bullish one the $17.83 billion market cap company. It closed at $28.88 lastly. It is down 71.82% since June 20, 2016 and is uptrending. It has outperformed by 55.12% the S&P500.

More important recent Symantec Corporation (NASDAQ:SYMC) news were published by: Seekingalpha.com which released: “Symantec: Barclays upgrades to Overweight” on May 30, 2017, also Nasdaq.com published article titled: “Symantec Corporation (SYMC) Ex-Dividend Date Scheduled for June 05, 2017”, Seekingalpha.com published: “Symantec: Incoherent Business Pursuits” on May 22, 2017. More interesting news about Symantec Corporation (NASDAQ:SYMC) was released by: Seekingalpha.com and their article: “Symantec provides loose FY19, FY20 guidance at investor’s day” with publication date: June 08, 2017.

Symantec Corporation (NASDAQ:SYMC) Ratings Coverage

Among 22 analysts covering Symantec (NASDAQ:SYMC), 8 have Buy rating, 0 Sell and 14 Hold. Therefore 36% are positive. Symantec had 49 analyst reports since August 11, 2015 according to SRatingsIntel. M Partners maintained it with “Neutral” rating and $22 target in Friday, February 5 report. The company was downgraded on Tuesday, August 11 by Citigroup. The stock of Symantec Corporation (NASDAQ:SYMC) earned “Outperform” rating by Credit Suisse on Tuesday, August 11. FBR Capital maintained the shares of SYMC in report on Thursday, November 5 with “Mkt Perform” rating. The stock of Symantec Corporation (NASDAQ:SYMC) earned “Neutral” rating by Citigroup on Monday, January 30. The rating was downgraded by Argus Research to “Hold” on Friday, December 4. The firm has “Outperform” rating given on Monday, January 30 by RBC Capital Markets. On Wednesday, August 12 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Citigroup maintained the shares of SYMC in report on Monday, August 22 with “Buy” rating. On Friday, May 19 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”.

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