Qs Investors buys $23,862,354 stake in Symantec Corporation (SYMC)

Symantec Corporation (SYMC) : Qs Investors scooped up 1,049,167 additional shares in Symantec Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,058,667 shares of Symantec Corporation which is valued at $23,862,354.Symantec Corporation makes up approximately 0.20% of Qs Investors’s portfolio.

Other Hedge Funds, Including , Ellington Management Group added SYMC to its portfolio by purchasing 17,400 company shares during the most recent quarter which is valued at $392,196. Symantec Corporation makes up approx 0.51% of Ellington Management Group’s portfolio.Pacer Advisors reduced its stake in SYMC by selling 1,342 shares or 6.45% in the most recent quarter. The Hedge Fund company now holds 19,467 shares of SYMC which is valued at $438,786. Symantec Corporation makes up approx 0.07% of Pacer Advisors’s portfolio.Nuveen Asset Management reduced its stake in SYMC by selling 8,243 shares or 17.01% in the most recent quarter. The Hedge Fund company now holds 40,210 shares of SYMC which is valued at $906,333. Symantec Corporation makes up approx 0.01% of Nuveen Asset Management’s portfolio.

Symantec Corporation opened for trading at $24.14 and hit $24.17 on the upside on Thursday, eventually ending the session at $24.15, with a gain of 0.08% or 0.02 points. The heightened volatility saw the trading volume jump to 61,59,544 shares. Company has a market cap of $14,866 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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