Leading stocks in today's market: Symantec Corporation (NASDAQ:SYMC)

Perhaps, that suggests something about why 1.66% of the outstanding share supply is held by institutional investors.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter. Symantec Corporation has 1 year price target of $28.36. JMP Securities reaffirmed a "buy" rating on shares of Symantec Corp.in a report on Tuesday, November 22nd. Symantec Corporation's dividend payout ratio (DPR) is presently 9.35%. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the stock.

Many research firms have provided their ratings on Symantec Corporation (NASDAQ:SYMC) where Guggenheim provided Buy rating on the stock on 15-Sep-16. The share price is now 3.15 percent versus its SMA20, 6.93 percent versus its SMA50, and 26.13 percent versus its SMA200.

The 42 analysts offering 12-month price forecasts for PayPal Holdings Inc have a median target of 47.00, with a high estimate of 54.00 and a low estimate of 38.00. The stock price of SYMC is moving up from its 20 days moving average with 6.85% and isolated positively from 50 days moving average with 13.76%. The reported earnings per share topped the analyst's consensus by $0.04 with the percentage difference between estimated and actual earnings arriving at 14.30%.

The company announced its last quarter financial performance results on 01/26/2017. (NYSE:DO) is expected to report revenue of $369.53 Million for the current quarter, according to consensus estimate of 23 analysts. Finally, Neuberger Berman Group LLC boosted its stake in Symantec Corporation by 8,232.2% in the second quarter. Symantec Corporation's revenue was up 19.7% compared to the same quarter a year ago.

The mean revenue estimate for the current fiscal period ending March 2017 is $1.08B by 18 brokerage firms. The company reached its 52-Week high of $44.52 on Oct 24, 2016 and 52-Week low of $33.81 on Feb 12, 2016. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 3.92% with $617.98 Million sitting short, betting on future declines. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Francis C. Rosch sold 40,000 shares of the company's stock in a transaction on Friday, December 9th. Globeflex Capital L P purchased a new position in shares of Symantec Corporation during the second quarter valued at $1,805,000. Following the completion of the transaction, the executive vice president now directly owns 221,446 shares in the company, valued at $5,476,359.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 154,143 shares of company stock worth $3,886,039.

Beta factor of the stock stands at 1.63. Symantec Corporation makes up approx 0.01% of Global X Management Co's portfolio.

On the company's financial health, Symantec Corporation reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 1, 2017.

  • Zachary Reyes