Verition Fund Management LLC Acquires Shares of 28,150 Symantec Corporation (SYMC)

Verition Fund Management LLC acquired a new position in shares of Symantec Corporation (NASDAQ:SYMC) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 28,150 shares of the technology company’s stock, valued at approximately $795,000.

Other hedge funds also recently modified their holdings of the company. Commerce Bank lifted its position in Symantec Corporation by 352.5% during the second quarter. Commerce Bank now owns 43,888 shares of the technology company’s stock worth $1,240,000 after acquiring an additional 34,189 shares during the last quarter. Delta Lloyd Asset Management N.V. acquired a new stake in Symantec Corporation during the second quarter worth approximately $1,830,000. Numeric Investors LLC lifted its position in Symantec Corporation by 168.5% during the second quarter. Numeric Investors LLC now owns 54,500 shares of the technology company’s stock worth $1,540,000 after acquiring an additional 34,200 shares during the last quarter. Spirit of America Management Corp NY lifted its position in Symantec Corporation by 9.9% during the second quarter. Spirit of America Management Corp NY now owns 26,200 shares of the technology company’s stock worth $740,000 after acquiring an additional 2,350 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in Symantec Corporation by 1.5% during the first quarter. Municipal Employees Retirement System of Michigan now owns 20,120 shares of the technology company’s stock worth $617,000 after acquiring an additional 290 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

WARNING: “Verition Fund Management LLC Acquires Shares of 28,150 Symantec Corporation (SYMC)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://ledgergazette.com/2017/10/16/verition-fund-management-llc-acquires-shares-of-28150-symantec-corporation-symc.html.

In other Symantec Corporation news, SVP Amy L. Cappellanti-Wolf sold 2,163 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $29.85, for a total transaction of $64,565.55. Following the completion of the sale, the senior vice president now owns 115,997 shares of the company’s stock, valued at approximately $3,462,510.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory S. Clark sold 186,433 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $30.00, for a total transaction of $5,592,990.00. Following the sale, the chief executive officer now directly owns 1,321,671 shares of the company’s stock, valued at approximately $39,650,130. The disclosure for this sale can be found here. Insiders have sold a total of 1,660,816 shares of company stock valued at $48,376,729 in the last three months. 1.30% of the stock is currently owned by corporate insiders.

Shares of Symantec Corporation (NASDAQ SYMC) traded down 0.68% during trading on Monday, hitting $32.14. 238,501 shares of the stock were exchanged. The firm’s market capitalization is $19.70 billion. The stock’s 50 day moving average price is $32.23 and its 200 day moving average price is $30.54. Symantec Corporation has a 52 week low of $22.76 and a 52 week high of $34.20.

Symantec Corporation (NASDAQ:SYMC) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.03. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm earned $0.29 EPS. The firm’s quarterly revenue was up 38.9% compared to the same quarter last year. On average, equities analysts predict that Symantec Corporation will post $1.80 earnings per share for the current year.

Several equities research analysts have issued reports on SYMC shares. Standpoint Research upgraded shares of Symantec Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Zacks Investment Research raised shares of Symantec Corporation from a “strong sell” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Tuesday, July 11th. BidaskClub raised shares of Symantec Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $37.00 target price on shares of Symantec Corporation in a report on Thursday, July 13th. Finally, Stifel Nicola

Other hedge funds also recently modified their holdings of the company. Commerce Bank lifted its position in Symantec Corporation by 352.5% during the second quarter. Commerce Bank now owns 43,888 shares of the technology company’s stock worth $1,240,000 after acquiring an additional 34,189 shares during the last quarter. Delta Lloyd Asset Management N.V. acquired a new stake in Symantec Corporation during the second quarter worth approximately $1,830,000. Numeric Investors LLC lifted its position in Symantec Corporation by 168.5% during the second quarter. Numeric Investors LLC now owns 54,500 shares of the technology company’s stock worth $1,540,000 after acquiring an additional 34,200 shares during the last quarter. Spirit of America Management Corp NY lifted its position in Symantec Corporation by 9.9% during the second quarter. Spirit of America Management Corp NY now owns 26,200 shares of the technology company’s stock worth $740,000 after acquiring an additional 2,350 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in Symantec Corporation by 1.5% during the first quarter. Municipal Employees Retirement System of Michigan now owns 20,120 shares of the technology company’s stock worth $617,000 after acquiring an additional 290 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

WARNING: “Verition Fund Management LLC Acquires Shares of 28,150 Symantec Corporation (SYMC)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://ledgergazette.com/2017/10/16/verition-fund-management-llc-acquires-shares-of-28150-symantec-corporation-symc.html.

In other Symantec Corporation news, SVP Amy L. Cappellanti-Wolf sold 2,163 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $29.85, for a total transaction of $64,565.55. Following the completion of the sale, the senior vice president now owns 115,997 shares of the company’s stock, valued at approximately $3,462,510.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory S. Clark sold 186,433 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $30.00, for a total transaction of $5,592,990.00. Following the sale, the chief executive officer now directly owns 1,321,671 shares of the company’s stock, valued at approximately $39,650,130. The disclosure for this sale can be found here. Insiders have sold a total of 1,660,816 shares of company stock valued at $48,376,729 in the last three months. 1.30% of the stock is currently owned by corporate insiders.

Shares of Symantec Corporation (NASDAQ SYMC) traded down 0.68% during trading on Monday, hitting $32.14. 238,501 shares of the stock were exchanged. The firm’s market capitalization is $19.70 billion. The stock’s 50 day moving average price is $32.23 and its 200 day moving average price is $30.54. Symantec Corporation has a 52 week low of $22.76 and a 52 week high of $34.20.

Symantec Corporation (NASDAQ:SYMC) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.03. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm earned $0.29 EPS. The firm’s quarterly revenue was up 38.9% compared to the same quarter last year. On average, equities analysts predict that Symantec Corporation will post $1.80 earnings per share for the current year.

Several equities research analysts have issued reports on SYMC shares. Standpoint Research upgraded shares of Symantec Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Zacks Investment Research raised shares of Symantec Corporation from a “strong sell” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Tuesday, July 11th. BidaskClub raised shares of Symantec Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $37.00 target price on shares of Symantec Corporation in a report on Thursday, July 13th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $27.00 target price on shares of Symantec Corporation in a report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $31.52.

Symantec Corporation Company Profile

Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection, cyber security services and Website security. Under threat protection, it offers Advanced Threat Protection, Endpoint Protection, Endpoint Protection Cloud, IT Management Suite, Email Security.Cloud, Data Center Security and Cloud Workload Protection products.

Institutional Ownership by Quarter for Symantec Corporation (NASDAQ:SYMC)

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