Strs Ohio buys $1,258,017 stake in Symantec Corporation (SYMC)

Symantec Corporation (SYMC) : Strs Ohio scooped up 9,230 additional shares in Symantec Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 69,851 shares of Symantec Corporation which is valued at $1,258,017.Symantec Corporation makes up approximately 0.08% of Strs Ohio’s portfolio.

Symantec Corporation opened for trading at $18.04 and hit $18.16 on the upside on Wednesday, eventually ending the session at $18.11, with a gain of 0.39% or 0.07 points. The heightened volatility saw the trading volume jump to 52,24,628 shares. Company has a market cap of $11,812 M.

Other Hedge Funds, Including , Advisory Services Network reduced its stake in SYMC by selling 695 shares or 9.27% in the most recent quarter. The Hedge Fund company now holds 6,805 shares of SYMC which is valued at $122,558. Symantec Corporation makes up approx 0.03% of Advisory Services Network’s portfolio.Carl Domino Inc reduced its stake in SYMC by selling 9,910 shares or 14.9% in the most recent quarter. The Hedge Fund company now holds 56,615 shares of SYMC which is valued at $1,019,636. Symantec Corporation makes up approx 0.91% of Carl Domino Inc’s portfolio.British Columbia Investment Management Corp boosted its stake in SYMC in the latest quarter, The investment management firm added 30,215 additional shares and now holds a total of 486,037 shares of Symantec Corporation which is valued at $8,734,085. Symantec Corporation makes up approx 0.08% of British Columbia Investment Management Corp’s portfolio.Creative Planning boosted its stake in SYMC in the latest quarter, The investment management firm added 1,487 additional shares and now holds a total of 44,764 shares of Symantec Corporation which is valued at $804,409. Symantec Corporation makes up approx 0.01% of Creative Planning’s portfolio.

On the company’s financial health, Symantec Corporation reported $0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $0.24. The company had revenue of $909.00 million for the quarter, compared to analysts expectations of $905.38 million. The company’s revenue was down -6.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.33 EPS.

Many Wall Street Analysts have commented on Symantec Corporation. Symantec Corporation was Upgraded by Piper Jaffray to ” Overweight” on Mar 21, 2016. Symantec Corporation was Initiated by Goldman to “Neutral” on Mar 21, 2016. RBC Capital Mkts Upgraded Symantec Corporation on Mar 11, 2016 to ” Outperform”, Price Target of the shares are set at $23.

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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