15,000 Shares in Symantec Corporation (SYMC) Purchased by Ardsley Advisory Partners

Ardsley Advisory Partners purchased a new stake in Symantec Corporation (NASDAQ:SYMC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,000 shares of the technology company’s stock, valued at approximately $424,000.

Several other hedge funds also recently made changes to their positions in SYMC. BlackRock Inc. increased its stake in shares of Symantec Corporation by 2,815.1% in the 1st quarter. BlackRock Inc. now owns 40,975,309 shares of the technology company’s stock valued at $1,257,121,000 after acquiring an additional 39,569,694 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Symantec Corporation by 1,784.9% in the 2nd quarter. Capital Research Global Investors now owns 14,305,855 shares of the technology company’s stock valued at $404,140,000 after acquiring an additional 13,546,895 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Symantec Corporation by 10,624.9% in the 2nd quarter. Janus Henderson Group PLC now owns 9,578,167 shares of the technology company’s stock valued at $270,583,000 after acquiring an additional 9,488,859 shares during the last quarter. CI Global Investments Inc. bought a new stake in shares of Symantec Corporation in the 2nd quarter valued at about $186,563,000. Finally, Renaissance Technologies LLC increased its stake in shares of Symantec Corporation by 405.7% in the 2nd quarter. Renaissance Technologies LLC now owns 4,857,838 shares of the technology company’s stock valued at $137,234,000 after acquiring an additional 3,897,200 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

Symantec Corporation (NASDAQ:SYMC) traded down 0.12% during midday trading on Wednesday, hitting $31.97. The stock had a trading volume of 482,841 shares. The stock’s 50-day moving average is $32.23 and its 200-day moving average is $30.54. Symantec Corporation has a 1-year low of $22.76 and a 1-year high of $34.20. The stock’s market capitalization is $19.59 billion.

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

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

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

COPYRIGHT VIOLATION NOTICE: “15,000 Shares in Symantec Corporation (SYMC) Purchased by Ardsley Advisory Partners” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another publication, it was illegally copied and republished in violation of U.S. & international copyright & trademark law. The l

Several other hedge funds also recently made changes to their positions in SYMC. BlackRock Inc. increased its stake in shares of Symantec Corporation by 2,815.1% in the 1st quarter. BlackRock Inc. now owns 40,975,309 shares of the technology company’s stock valued at $1,257,121,000 after acquiring an additional 39,569,694 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Symantec Corporation by 1,784.9% in the 2nd quarter. Capital Research Global Investors now owns 14,305,855 shares of the technology company’s stock valued at $404,140,000 after acquiring an additional 13,546,895 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Symantec Corporation by 10,624.9% in the 2nd quarter. Janus Henderson Group PLC now owns 9,578,167 shares of the technology company’s stock valued at $270,583,000 after acquiring an additional 9,488,859 shares during the last quarter. CI Global Investments Inc. bought a new stake in shares of Symantec Corporation in the 2nd quarter valued at about $186,563,000. Finally, Renaissance Technologies LLC increased its stake in shares of Symantec Corporation by 405.7% in the 2nd quarter. Renaissance Technologies LLC now owns 4,857,838 shares of the technology company’s stock valued at $137,234,000 after acquiring an additional 3,897,200 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

Symantec Corporation (NASDAQ:SYMC) traded down 0.12% during midday trading on Wednesday, hitting $31.97. The stock had a trading volume of 482,841 shares. The stock’s 50-day moving average is $32.23 and its 200-day moving average is $30.54. Symantec Corporation has a 1-year low of $22.76 and a 1-year high of $34.20. The stock’s market capitalization is $19.59 billion.

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

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

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

COPYRIGHT VIOLATION NOTICE: “15,000 Shares in Symantec Corporation (SYMC) Purchased by Ardsley Advisory Partners” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another publication, it was illegally copied and republished in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/18/15000-shares-in-symantec-corporation-symc-purchased-by-ardsley-advisory-partners.html.

About Symantec Corporation

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.

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

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