Symantec (NASDAQ:SYMC) Has Lost a Vote of Confidence Today From BidaskScore. What Does This Ultimately Mean

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Investors sentiment decreased to 1.19 in Q4 2018. Its down 0.22, from 1.41 in 2018Q3. It is negative, as 39 investors sold Symantec Corporation shares while 127 reduced holdings. 57 funds opened positions while 140 raised stakes. 552.40 million shares or 4.17% more from 530.27 million shares in 2018Q3 were reported.

Northwestern Mutual Wealth Management Company accumulated 2,395 shares. Moreover, Dupont Capital Mgmt Corporation has 0% invested in Symantec Corporation (NASDAQ:SYMC). Parallax Volatility Advisers L P reported 26,266 shares stake. Tobam reported 2.15 million shares. Korea Inv Corp accumulated 63,370 shares. The Illinois-based Citadel Advisors Lc has invested 0.05% in Symantec Corporation (NASDAQ:SYMC). Great West Life Assurance Can reported 2.06M shares. Crosslink Capital has invested 7.21% in Symantec Corporation (NASDAQ:SYMC). Weatherly Asset Mngmt Limited Partnership reported 71,264 shares. Minnesota-based Thrivent Fincl For Lutherans has invested 0% in Symantec Corporation (NASDAQ:SYMC). Regentatlantic Capital Limited Liability has invested 0.46% of its portfolio in Symantec Corporation (NASDAQ:SYMC). Fil Limited holds 2.46 million shares. Wealthtrust has 143 shares for 0% of their portfolio. Virtu Financial Ltd Liability invested in 0.06% or 60,242 shares. Hightower Limited Liability Corp holds 7,936 shares.

Since February 14, 2019, it had 0 insider buys, and 2 sales for $1.47 million activity. Cappellanti-Wolf Amy L. sold $422,327 worth of stock.

Symantec (NASDAQ:SYMC) Receives a Downgrade

BidaskScore lowered Symantec (NASDAQ:SYMC) shares, lowering their rating to a Sell in an analyst note revealed to investors and clients on Wednesday morning. Trading on the $11.57B market cap SYMC will be interesting to observe today.

Symantec Corporation (NASDAQ:SYMC) Ratings Coverage

Among 3 analysts covering Symantec Corp (NASDAQ:SYMC), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Symantec Corp has $28 highest and $2200 lowest target. $24’s average target is 28.21% above currents $18.72 stock price. Symantec Corp had 8 analyst reports since March 26, 2019 according to SRatingsIntel. Mizuho initiated the stock with “Hold” rating in Tuesday, March 26 report. The stock of Symantec Corporation (NASDAQ:SYMC) earned “Neutral” rating by Mizuho on Friday, May 10. The stock of Symantec Corporation (NASDAQ:SYMC) earned “Buy” rating by Goldman Sachs on Monday, April 8.

The stock decreased 0.85% or $0.16 during the last trading session, reaching $18.72. About 2.47M shares traded. Symantec Corporation (NASDAQ:SYMC) has declined 16.67% since May 31, 2018 and is downtrending. It has underperformed by 21.04% the S&P500.

Symantec Corporation, together with its subsidiaries, provides cybersecurity solutions worldwide. The company has market cap of $11.57 billion. It operates through two divisions, Consumer Digital Safety and Enterprise Security. It has a 435.35 P/E ratio. The Consumer Digital Safety segment provides Norton-branded services that provide multi-layer security services across desktop and mobile operating systems, public Wi-Fi connections, and home networks to defend against online threats to individuals, families, and small businesses.

More notable recent Symantec Corporation (NASDAQ:SYMC) news were published by: Nasdaq.com which released: “Notable Friday Option Activity: NSC, TJX, SYMC – Nasdaq” on May 10, 2019, also Nasdaq.com with their article: “Friday Sector Laggards: Healthcare, Technology & Communications – Nasdaq” published on May 10, 2019, Finance.Yahoo.com published: “Notable Insider Buys This Past Week: Coty, Symantec and More – Yahoo Finance” on May 19, 2019. More interesting news about Symantec Corporation (NASDAQ:SYMC) were released by: Nasdaq.com and their article: “Friday 5/17 Insider Buying Report: SYMC, PETQ – Nasdaq” published on May 17, 2019 as well as Benzinga.com‘s news article titled: “Symantec Stumbles On Q4 Sales, CEO Calls It Quits – Benzinga” with publication date: May 10, 2019.

Symantec Corporation (NASDAQ:SYMC) Institutional Positions Chart

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