Published: Fri, May 11, 2018
Markets | By Otis Pena

Symantec stock plunges on internal investigation

Symantec stock plunges on internal investigation

It has change of 0.06, from 2017Q3's 0.86. It increased, as 56 investors sold Symantec Corporation shares while 144 reduced holdings. 45 funds acquired positions and 139 increased positions. About 4.94M shares traded. The 1-year low was reported on May, 11 by Barchart.com. Veritas Mngmt Llp invested in 0.01% or 2,900 shares. 40,274 were accumulated by Moors And Cabot.

Js Capital Mgmt Ltd Limited Liability Company invested 0.34% in Symantec Corporation (NASDAQ:SYMC). 1,652 are held by Captrust Fincl Advsr.

Symantec Corporation on 12/30/2017 reported its EPS as $0.28 with the analysts projecting the EPS of the stock as $0.28. 121,808 are held by Mirae Asset Glob Invs. Loomis Sayles & Communications Lp invested in 405,594 shs. The stock has a market cap of $17.78 billion, a price-to-earnings ratio of 44.21, a P/E/G ratio of 2.35 and a beta of 0.86. 117,213 are held by Public Employees Retirement Association Of Colorado. More interesting news about Symantec Corporation (NASDAQ:SYMC) were released by: "Nasdaq.com and their article: "Symantec Corporation Stock Plummets On Weak Y2019 Guidance" published on May 11, 2018 as well as Businesswire.com's news article titled: "EQUITY ALERT: "Rosen Law Firm Announces Investigation of Securities Claims Against Symantec Corporation â€" SYMC" with publication date: "May 10, 2018.

Since March 5, 2018, it had 0 insider buys, and 3 sales for $2.63 million activity. This's net activity of $2.63 million. Also, EVP Francis C. Rosch sold 51,899 shares of the stock in a transaction that occurred on Monday, March 5th. Vautrinot Suzanne M had sold 4,000 shs worth $110,880. According to 2017Q4 Securities and Exchange filling the decrease is 27.18%. While in the same Quarter Previous year, the Actual EPS was $0.28. The company has market cap of $11.82 billion.

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Symantec (NASDAQ:SYMC) last released its quarterly earnings data on Thursday, May 10th. It has underperformed by 27.83% the S&P500. Sentry Investments accumulated 434,411 shares or 0.15% of the stock. AXA lifted its stake in shares of Symantec by 491.3% in the fourth quarter. The Alabama-based Retirement Of Alabama has invested 0.04% in Symantec Corporation (NASDAQ:SYMC). The next is "11 Stocks To Watch For May 10, 2018" on May 10, 2018.

On its post-earnings call Symantec cancelled its customary question and answer session with analysts. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company's stock. (NASDAQ:SYMC) has 25% bullish analysts. Currently, the stock has a 1 Year Price Target of $29.94. The rating was maintained by Jefferies on Thursday, June 22 with "Buy". On Thursday, February 1 the firm has "Sell" rating given by Cowen & Co. Piper Jaffray lowered shares of Symantec from an "overweight" rating to a "neutral" rating in a research note on Thursday. Finally, Robert W. Baird reaffirmed a "hold" rating and set a $25.00 target price on shares of Symantec in a research note on Friday.

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