Snow Capital Management Lp buys $63,733,541 stake in Symantec Corporation (SYMC)

Symantec Corporation (SYMC) : Snow Capital Management Lp scooped up 112,275 additional shares in Symantec Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 2,827,575 shares of Symantec Corporation which is valued at $63,733,541.Symantec Corporation makes up approximately 2.81% of Snow Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Martingale Asset Management L P reduced its stake in SYMC by selling 53 shares or 0.05% in the most recent quarter. The Hedge Fund company now holds 117,633 shares of SYMC which is valued at $2,651,448. Symantec Corporation makes up approx 0.04% of Martingale Asset Management L P’s portfolio.First Trust Advisors Lp boosted its stake in SYMC in the latest quarter, The investment management firm added 613,673 additional shares and now holds a total of 2,041,756 shares of Symantec Corporation which is valued at $44,683,830. Symantec Corporation makes up approx 0.14% of First Trust Advisors Lp’s portfolio.Louisiana State Employees Retirement System reduced its stake in SYMC by selling 3,400 shares or 7.8% in the most recent quarter. The Hedge Fund company now holds 40,200 shares of SYMC which is valued at $815,658. Symantec Corporation makes up approx 0.04% of Louisiana State Employees Retirement System’s portfolio. Newsquare Capital sold out all of its stake in SYMC during the most recent quarter. The investment firm sold 304 shares of SYMC which is valued $6,168.

Symantec Corporation opened for trading at $23.69 and hit $23.99 on the upside on Tuesday, eventually ending the session at $23.87, with a gain of 0.55% or 0.13 points. The heightened volatility saw the trading volume jump to 1,32,92,118 shares. Company has a market cap of $14,694 M.

On the company’s financial health, Symantec Corporation reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.25. The company had revenue of $884.00 million for the quarter, compared to analysts expectations of $877.37 million. The company’s revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on Symantec Corporation. Symantec Corporation was Upgraded by Citigroup to ” Buy” on Aug 19, 2016. Goldman Resumed Symantec Corporation on Aug 15, 2016 to “Buy”, Price Target of the shares are set at $26.Company shares were Reiterated by Wunderlich on Aug 5, 2016 to “Hold”, Firm has raised the Price Target to $ 23 from a previous price target of $19 .

Symantec Corporation provides security backup and availability solutions. The Company operates in three segments: Consumer Security Enterprise Security and Information Management. The Company’s products and services offer protection of information in any environment from the mobile device to the enterprise data center to cloud-based systems. Consumers receive automatic downloads of the latest virus definitions application bug fixes and patches for its consumer product. The Company’s enterprise security support program offers annual maintenance support contracts including content upgrades and technical support. The Company’s Consumer Security segment offers Norton-branded services which provide multi-layer security and identity protection on desktop and mobile operating systems to defend against online threats to individuals families and small businesses.

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