As Symantec Corp (SYMC) Market Valuation Declined, Orbis Investment Management Has Upped Its Stake by $7.99 Million

May 17, 2018 - By Alfred Lee

Symantec Corporation (NASDAQ:SYMC) LogoInvestors sentiment increased to 0.92 in 2017 Q4. Its up 0.06, from 0.86 in 2017Q3. It increased, as 56 investors sold SYMC shares while 144 reduced holdings. 45 funds opened positions while 139 raised stakes. 548.16 million shares or 4.09% less from 571.53 million shares in 2017Q3 were reported. Amalgamated Financial Bank reported 0.06% in Symantec Corporation (NASDAQ:SYMC). Alliancebernstein Limited Partnership owns 1.04 million shares for 0.02% of their portfolio. Cubist Systematic Strategies Ltd Llc invested in 0.03% or 17,895 shares. Moreover, Bonness Enter has 1% invested in Symantec Corporation (NASDAQ:SYMC). Pacad Invest Ltd reported 11,600 shares or 0.07% of all its holdings. Evercore Wealth Limited Liability Com has 0% invested in Symantec Corporation (NASDAQ:SYMC). 94,236 are owned by Mutual Of America Capital Mgmt Ltd Limited Liability Company. Colony Group, Massachusetts-based fund reported 150,638 shares. Sequoia Fincl Advsr Ltd Liability Corp accumulated 7,807 shares or 0.02% of the stock. Parametric Port Assocs Ltd Com invested in 2.12M shares. Select Equity LP holds 0.23% or 1.02 million shares. Great West Life Assurance Com Can holds 2.05 million shares. Kentucky-based Teachers Retirement System Of The State Of Kentucky has invested 0.02% in Symantec Corporation (NASDAQ:SYMC). Rampart Inv Management Limited Liability Corporation stated it has 8,339 shares or 0.09% of all its holdings. Mason Street Advsr Ltd reported 86,358 shares.

Since March 5, 2018, it had 0 buys, and 3 sales for $2.63 million activity. Another trade for 51,899 shares valued at $1.38M was sold by Rosch Francis C. $110,880 worth of stock was sold by Vautrinot Suzanne M on Friday, March 9.

William B. Gray increased its stake in Symantec Corp (SYMC) by 192.26% based on its latest 2017Q4 regulatory filing with the SEC. Orbis Investment Management bought 285,237 shares as the company’s stock declined 9.92% with the market. The hedge fund run by William B. Gray held 433,598 shares of the prepackaged software company at the end of 2017Q4, valued at $12.17M, up from 148,361 at the end of the previous reported quarter. Orbis Investment Management who had been investing in Symantec Corp for a number of months, seems to be bullish on the $13.97B market cap company. The stock increased 0.58% or $0.13 during the last trading session, reaching $22.48. About 6.38 million shares traded. Symantec Corporation (NASDAQ:SYMC) has declined 16.28% since May 17, 2017 and is downtrending. It has underperformed by 27.83% the S&P500.

More notable recent Symantec Corporation (NASDAQ:SYMC) news were published by: Seekingalpha.com which released: “Symantec: Safety At Home, But In Your Portfolio?” on May 11, 2018, also Seekingalpha.com with their article: “Symantec: A Risky Hold Through Earnings” published on May 06, 2018, Seekingalpha.com published: “Symantec -25.5% as analysts downgrade on audit investigation” on May 11, 2018. More interesting news about Symantec Corporation (NASDAQ:SYMC) were released by: Seekingalpha.com and their article: “Symantec: Parsing The Details” published on May 15, 2018 as well as Fool.com‘s news article titled: “Why Caesars Entertainment, NXP Semiconductor, and Symantec Jumped Today” with publication date: May 14, 2018.

Symantec Corporation (NASDAQ:SYMC) Ratings Coverage

Among 17 analysts covering Symantec (NASDAQ:SYMC), 2 have Buy rating, 2 Sell and 13 Hold. Therefore 12% are positive. Symantec had 20 analyst reports since December 19, 2017 according to SRatingsIntel. Jefferies downgraded the stock to “Underperform” rating in Thursday, January 18 report. The rating was downgraded by BTIG Research on Friday, May 11 to “Neutral”. First Analysis downgraded the stock to “Equal-Weight” rating in Friday, May 11 report. The stock of Symantec Corporation (NASDAQ:SYMC) earned “Buy” rating by Piper Jaffray on Wednesday, January 31. Barclays Capital downgraded Symantec Corporation (NASDAQ:SYMC) on Friday, May 11 to “Hold” rating. Bank of America maintained the shares of SYMC in report on Thursday, February 1 with “Underperform” rating. The rating was maintained by Credit Suisse with “Neutral” on Friday, May 11. The company was maintained on Thursday, February 1 by Cowen & Co. PiperJaffray downgraded the shares of SYMC in report on Friday, May 11 to “Neutral” rating. Standpoint Research upgraded Symantec Corporation (NASDAQ:SYMC) on Friday, April 6 to “Buy” rating.

Symantec Corporation (NASDAQ:SYMC) Institutional Positions Chart

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