Shareholder Kensico Capital Management Corp Increased Symantec Corp (SYMC) Position

May 19, 2018 - By Michael Collier

Symantec Corporation (NASDAQ:SYMC) LogoInvestors sentiment increased to 0.92 in Q4 2017. 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. Blackrock owns 40.18 million shares. Reilly Fin Advisors Lc holds 8,412 shares or 0.03% of its portfolio. Ratan Cap LP invested in 3.21% or 75,800 shares. State Treasurer State Of Michigan reported 181,729 shares. Pacad Inv has 0.07% invested in Symantec Corporation (NASDAQ:SYMC). Old Mutual Customised Solutions (Proprietary) has 0.12% invested in Symantec Corporation (NASDAQ:SYMC) for 40,879 shares. Meiji Yasuda Asset Mgmt Limited holds 0.03% or 11,292 shares in its portfolio. Pictet Asset Management stated it has 0.21% in Symantec Corporation (NASDAQ:SYMC). Commerzbank Aktiengesellschaft Fi reported 358,872 shares or 0.12% of all its holdings. California Public Employees Retirement reported 2.02M shares. Norinchukin State Bank The owns 49,569 shares or 0.02% of their US portfolio. Washington-based Cornerstone has invested 0% in Symantec Corporation (NASDAQ:SYMC). First Trust Advsrs LP has 3.69 million shares for 0.25% of their portfolio. Guardian Life Of America reported 0.01% stake. Numeric Ltd Liability Co has 81,000 shares for 0.02% of their portfolio.

Since March 5, 2018, it had 0 insider buys, and 3 insider sales for $2.63 million activity. $110,880 worth of Symantec Corporation (NASDAQ:SYMC) was sold by Vautrinot Suzanne M. $1.38 million worth of Symantec Corporation (NASDAQ:SYMC) was sold by Rosch Francis C.

Michael Lowenstein increased its stake in Symantec Corp (SYMC) by 4.15% based on its latest 2017Q4 regulatory filing with the SEC. Kensico Capital Management Corp bought 284,773 shares as the company’s stock declined 9.92% with the market. The hedge fund run by Michael Lowenstein held 7.15 million shares of the prepackaged software company at the end of 2017Q4, valued at $200.62 million, up from 6.87 million at the end of the previous reported quarter. Kensico Capital Management Corp who had been investing in Symantec Corp for a number of months, seems to be bullish on the $13.79B market cap company. The stock decreased 0.58% or $0.13 during the last trading session, reaching $22.19. About 7.61 million shares traded. Symantec Corporation (NASDAQ:SYMC) has declined 16.28% since May 19, 2017 and is downtrending. It has underperformed by 27.83% the S&P500.

Kensico Capital Management Corp, which manages about $7.43B and $5.02B US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 1.73 million shares to 5.22 million shares, valued at $446.52M in 2017Q4, according to the filing. It also reduced its holding in Express Scripts Hldg Co (NASDAQ:ESRX) by 1.44M shares in the quarter, leaving it with 675,000 shares, and cut its stake in Echostar Corp (NASDAQ:SATS).

More notable recent Symantec Corporation (NASDAQ:SYMC) news were published by: Businesswire.com which released: “SYMC LOSS NOTICE: Rosen Law Firm Continues to Investigate Civil Securities Claims Against Symantec Corporation” on May 17, 2018, also Globenewswire.com with their article: “Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Symantec Corporation (SYMC)” published on May 19, 2018, Globenewswire.com published: “KASKELA LAW LLC: Important Deadline Established in Shareholder Class Action Lawsuit Against Symantec Corp …” on May 18, 2018. More interesting news about Symantec Corporation (NASDAQ:SYMC) were released by: Seekingalpha.com and their article: “Symantec: A Risky Hold Through Earnings” published on May 06, 2018 as well as Seekingalpha.com‘s news article titled: “Symantec reveals investigation details on call” 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. The rating was downgraded by Credit Suisse to “Hold” on Monday, January 22. The company was downgraded on Friday, May 11 by Oppenheimer. The company was upgraded on Friday, April 6 by Standpoint Research. Macquarie Research downgraded the stock to “Neutral” rating in Friday, May 11 report. The stock of Symantec Corporation (NASDAQ:SYMC) earned “Underperform” rating by Bank of America on Thursday, February 1. The rating was downgraded by First Analysis on Friday, May 11 to “Equal-Weight”. The rating was maintained by Stephens on Thursday, February 1 with “Hold”. The rating was maintained by Piper Jaffray on Wednesday, January 31 with “Buy”. The stock of Symantec Corporation (NASDAQ:SYMC) earned “Underperform” rating by Jefferies on Thursday, January 18. The stock has “Hold” rating by Barclays Capital on Friday, May 11.

Symantec Corporation (NASDAQ:SYMC) Institutional Positions Chart

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