Parametric Portfolio Associates LLC Increases Stake in Symantec Corporation (NASDAQ:SYMC)

Friday, 12 Jan, 2018

The overall volume in the last trading session was 4.62 million shares. Following the completion of the transaction, the executive vice president now directly owns 325,026 shares in the company, valued at approximately $8,912,212.92. RBC Capital Markets reaffirmed an outperform rating and issued a $30.00 target price (up from $28.00) on shares of Symantec Corporation in a research report on Monday. It has outperformed by 55.12% the S&P500.

Covenant Multifamily Offices Llc increased its stake in Metlife Inc Com (MET) by 12.37% based on its latest 2017Q3 regulatory filing with the SEC. Northern Trust holds 0.06% or 7.37 million shares. The hedge fund run by Christopher Lyle held 560,000 shares of the prepackaged software company at the end of 2017Q3, valued at $18.37M, down from 1.13 million at the end of the previous reported quarter. The firm has a market cap of $17,930.00, a price-to-earnings ratio of -49.41, a PEG ratio of 2.98 and a beta of 1.07. The stock increased 0.02% or $0.01 during the last trading session, reaching $58.2.

Bank Of Stockton, which manages about $219.34 million US Long portfolio, decreased its stake in Ishares: S&P 500 Index (IVV) by 5,625 shares to 19,734 shares, valued at $4.99 million in 2017Q3, according to the filing. It has underperformed by 20.00% the S&P500.

Among 16 analysts covering Eastman Chemical Company (NYSE:EMN), 9 have Buy rating, 2 Sell and 5 Hold. Therefore 77% are positive.

SYMC has been the topic of a number of other research reports. Nomura maintained the stock with "Buy" rating in Friday, September 11 report. (NYSE:MET) has "Buy" rating given on Wednesday, April 19 by Wells Fargo. The rating was upgraded by Standpoint Research to "Buy" on Thursday, June 29. Hot Stocks Point (HSP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. The firm earned "Outperform" rating on Friday, August 5 by RBC Capital Markets. The trend for the past 10-days shows that the company was in BULLISH territory while an analysis of the last 40-Day trend shows a BULLISH signal. The firm has "Overweight" rating by Barclays Capital given on Thursday, August 3.

Analysts await Eastman Chemical Company (NYSE:EMN) to report earnings on January, 25. Its share price has decline -11.09% in three months and is up 0.35% for the last five trades. EMN's profit will be $160.99M for 21.77 P/E if the $1.12 EPS becomes a reality. The technology company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.14.

Since August 3, 2017, it had 0 insider purchases, and 3 insider sales for $934,680 activity. Commercial Bank Of America De holds 0% or 1,803 shares.

Investors sentiment increased to 1.18 in Q3 2017. Its up 0.98, from 1.92 in 2017Q2. It fall, as 48 investors sold SYMC shares while 170 reduced holdings. IL raised its stake in shares of Symantec by 2.2% during the 2nd quarter. 115.86 million shares or 0.58% less from 116.54 million shares in 2017Q2 were reported. Quotient Investors Llc sold 3,818 shares as Johnson & Johnson Com (JNJ)'s stock rose 6.85%.

Looking into last 5 trades, the stock observed a return of nearly 0.90%. Accern also assigned news stories about the technology company an impact score of 46.3231839566915 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future. Morgan Stanley holds 0.04% or 3.80 million shares in its portfolio. Glob X Mgmt Ltd Liability has invested 0.01% in Eastman Chemical Company (NYSE:EMN). Outstanding shares denotes a company's stock now held by all its shareholders, comprising share blocks apprehended by institutional investors and limited shares owned by the officers and insiders of the organization. Missouri-based Stifel Fin Corp has invested 0.03% in Symantec Corporation (NASDAQ:SYMC). Glovista Invests Llc accumulated 4,610 shares or 0.11% of the stock. Farmers Merchants Investments, Nebraska-based fund reported 214 shares. Kcm Invest Advisors Ltd Llc invested in 263,909 shares or 2.1% of the stock. Walter And Keenan Financial Consulting Mi Adv reported 0.16% stake. It also reduced its holding in Mckesson Corp Com (NYSE:MCK) by 2,491 shares in the quarter, leaving it with 11,471 shares, and cut its stake in Hcp Inc Com (NYSE:HCP).

Since August 7, 2017, it had 0 insider buys, and 16 insider sales for $47.91 million activity. 186,433 shares were sold by Clark Gregory S., worth $5.59M. Shares for $447,750 were sold by Noviello Nicholas R on Monday, August 28.

Analyst research firms are expressing bullish stance on Symantec Corporation (NASDAQ:SYMC)'s near-term growth potential. Moreover, Guggenheim Capital Lc has 0.13% invested in Symantec Corporation (NASDAQ:SYMC) for 1.70M shares.

Symantec Corporation (NASDAQ:SYMC) updated its FY18 earnings guidance on Wednesday. Louisiana State Employees Retirement owns 0.06% invested in Symantec Corporation (NASDAQ:SYMC) for 38,400 shares.