Symantec Corp (Call) (SYMC) Shareholder Bluemountain Capital Management LLC Has Trimmed Its Position by $81.43 Million

Symantec Corporation (NASDAQ:SYMC) LogoInvestors sentiment increased to 1.41 in 2018 Q3. Its up 0.50, from 0.91 in 2018Q2. It is positive, as 34 investors sold SYMC shares while 118 reduced holdings. 76 funds opened positions while 139 raised stakes. 530.27 million shares or 1.56% more from 522.12 million shares in 2018Q2 were reported. Ameriprise Inc stated it has 0% of its portfolio in Symantec Corporation (NASDAQ:SYMC). 281,211 are owned by Voya Inv Mngmt Ltd Company. Gemmer Asset Mgmt Limited Co has invested 0% in Symantec Corporation (NASDAQ:SYMC). Alliancebernstein Limited Partnership accumulated 1.06M shares. The North Carolina-based Bragg Inc has invested 0.51% in Symantec Corporation (NASDAQ:SYMC). Texas Permanent School Fund stated it has 0.04% in Symantec Corporation (NASDAQ:SYMC). Quantbot Technologies LP invested in 0.02% or 16,049 shares. Kenmare Prtnrs Limited Company has 65,842 shares. Mirae Asset Limited holds 348,048 shares or 0.05% of its portfolio. Japan-based Nomura Asset Management has invested 0.02% in Symantec Corporation (NASDAQ:SYMC). Nordea Investment Mngmt stated it has 111,872 shares. Oakbrook Investments Ltd holds 63,550 shares. Optimum Advsrs has 3,934 shares. Advisor Ltd Liability Corporation stated it has 10,235 shares or 0.03% of all its holdings. The Texas-based Petrus Tru Lta has invested 2.15% in Symantec Corporation (NASDAQ:SYMC).

Bluemountain Capital Management Llc decreased its stake in Symantec Corp (Call) (SYMC) by 38.88% based on its latest 2018Q3 regulatory filing with the SEC. Bluemountain Capital Management Llc sold 2.54M shares as the company’s stock rose 11.01% while stock markets declined. The hedge fund held 4.00M shares of the prepackaged software company at the end of 2018Q3, valued at $131.23 million, down from 6.54M at the end of the previous reported quarter. Bluemountain Capital Management Llc who had been investing in Symantec Corp (Call) for a number of months, seems to be less bullish one the $12.45 billion market cap company. The stock decreased 2.01% or $0.4 during the last trading session, reaching $19.48. About 1.68M shares traded. Symantec Corporation (NASDAQ:SYMC) has declined 19.88% since January 14, 2018 and is downtrending. It has underperformed by 19.88% the S&P500.

Bluemountain Capital Management Llc, which manages about $27.77 billion and $4.88B US Long portfolio, upped its stake in Express Scripts Hldg Co (NASDAQ:ESRX) by 171,156 shares to 222,552 shares, valued at $14.09 million in 2018Q3, according to the filing. It also increased its holding in Spectrum Brands Hldgs Inc (NYSE:SPB) by 40,521 shares in the quarter, for a total of 50,704 shares, and has risen its stake in Best Buy Inc (NYSE:BBY).

Analysts await Symantec Corporation (NASDAQ:SYMC) to report earnings on January, 30. They expect $0.26 EPS, down 31.58 % or $0.12 from last year’s $0.38 per share. SYMC’s profit will be $166.12 million for 18.73 P/E if the $0.26 EPS becomes a reality. After $0.30 actual EPS reported by Symantec Corporation for the previous quarter, Wall Street now forecasts -13.33 % negative EPS growth.

More notable recent Symantec Corporation (NASDAQ:SYMC) news were published by: Businesswire.com which released: “Symantec’s Cloud Workload Protection Named a 2018 CRN Product of the Year Winner – Business Wire” on December 20, 2018, also Businesswire.com with their article: “Symantec to Announce Fiscal Third Quarter 2019 Results on January 31, 2019 – Business Wire” published on January 10, 2019, Nasdaq.com published: “Here’s Why You Should Hold on to FireEye (FEYE) Stock Now – Nasdaq” on January 02, 2019. More interesting news about Symantec Corporation (NASDAQ:SYMC) were released by: Nasdaq.com and their article: “Intel to Reportedly Offload McAfee Business: Key Takeaways – Nasdaq” published on December 17, 2018 as well as Nasdaq.com‘s news article titled: “March 1st Options Now Available For Symantec (SYMC) – Nasdaq” with publication date: January 10, 2019.

Symantec Corporation (NASDAQ:SYMC) Ratings Coverage

Among 9 analysts covering Symantec (NASDAQ:SYMC), 1 have Buy rating, 1 Sell and 7 Hold. Therefore 11% are positive. Symantec had 11 analyst reports since July 30, 2018 according to SRatingsIntel. The stock of Symantec Corporation (NASDAQ:SYMC) has “Hold” rating given on Friday, August 17 by Deutsche Bank. The stock of Symantec Corporation (NASDAQ:SYMC) earned “Neutral” rating by Robert W. Baird on Friday, November 2. The stock of Symantec Corporation (NASDAQ:SYMC) earned “Hold” rating by Stifel Nicolaus on Tuesday, September 25. Susquehanna upgraded the shares of SYMC in report on Tuesday, August 21 to “Positive” rating. As per Monday, July 30, the company rating was maintained by Bank of America. The firm earned “Neutral” rating on Friday, August 3 by UBS. As per Friday, August 3, the company rating was maintained by Stifel Nicolaus. Wedbush maintained Symantec Corporation (NASDAQ:SYMC) rating on Friday, November 2. Wedbush has “Neutral” rating and $21 target. The company was maintained on Monday, August 6 by Barclays Capital. Cowen & Co upgraded Symantec Corporation (NASDAQ:SYMC) on Tuesday, October 16 to “Market Perform” rating.

Symantec Corporation (NASDAQ:SYMC) Institutional Positions Chart

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