Symantec Corporation (NASDAQ:SYMC) is at least 44.05% than its current record low price of $17.42. There was a 13.57% gain on 7/3/2019 that led the price to move at $25.1. At a recent session, the prices were hovering between $24.95 and $25.535. This company shares are -17.89% up from its target price of $20.61 and the current market capitalization stands at $15.94B. The recent change has given its price a 20.54% lead over SMA 50 and 1.33% lead over its 52-week high. The stock witnessed 33.02% gains, 7.59% gains and 32.52% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SYMC’s volatility during a week at 2.35% and during a month it has been found around 2.31%.
What Does Symantec Corporation (SYMC) Do?
The company describes itself in regulatory filings as, “Symantec Corp. engages in the provision of security, storage, and systems management solutions. It operates through Enterprise Security and Consumer Digital Safety segments. The Enterprise Security segment focuses on the provision of solutions to protect organizations so they can securely conduct business while leveraging new platforms and data. The Consumer Digital Safety segment provides solutions to protect information, devices, networks and the identities of consumers. The company was founded by Gary Hendrix in April 1982 and is headquartered in Mountain View, CA.” [Text can be found here: https://www.marketwatch.com/investing/stock/SYMC/profile under company description.]Symantec Corporation (SYMC) Top Holders
Institutional investors currently hold around $12.91 billion or 94.3% in SYMC stock. Look at its top three institutional owners: Price T Rowe Associates Inc /Md/ owns $2.11 billion in Symantec Corporation, which represents roughly 13.25% of the company’s market cap and approximately 16.36% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 67,461,655 shares of the stock are valued at $1.49 billion. The third largest holder is Blackrock Inc., which currently holds $960.5 million worth of this stock and that ownership represents nearly 6.03% of its market capitalization.Symantec Corporation 13F Filings
At the end of March reporting period, 247 institutional holders increased their position in Symantec Corporation (NASDAQ:SYMC) by some 42,463,683 shares, 218 decreased positions by 45,885,048 and 83 held positions by 495,872,251. That puts total institutional holdings at 584,220,982 shares, according to SEC filings. The stock grabbed 54 new institutional investments totaling 2,772,568 shares while 56 institutional investors sold out their entire positions totaling 12,886,444 shares.Symantec Corporation (NASDAQ:SYMC) Insider Trades
Multiple company employees have indulged in significant insider trading. Symantec Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Feld Peter A has acquired 650,000 shares of Symantec Corporation (SYMC) in the trading session dated May. 16, 2019. These shares are worth $12,824,500 and were traded at $19.73 each. The SEC filing shows that Feld Peter A performed a purchase of 650,000 shares. The Director added these shares by way of transaction on May. 15, 2019. The company’s shares were assimilated at $19.51 per share worth to an investment of some $12,681,500 to the account of Feld Peter A.
Director, Feld Peter A, purchased 700,000 common shares of Symantec Corporation (SYMC) in the open market. In a transaction dated May. 14, 2019, the shares were bought at an average price of $19.53, giving away a sum of $13,671,000. After this purchase, 36,725,481 common shares of SYMC are directly owned by the insider, with total stake valued at $921,809,573.
In the transaction dated Apr. 12, 2019, a great number of shares sold came courtesy the President and CEO; Clark Gregory S. disposed a total of 61,170 shares at an average price of $24, amounting to approximately $1,468,080. The insider now directly owns 2,626,775 shares worth $65,932,053.Symantec Corporation (SYMC) Analyst Guide
Several analysts have released their opinion on Symantec Corporation (NASDAQ:SYMC), with 0 analysts believing it is a strong buy. Whereas 21 of them predict the stock is a hold. Also, there are 2 buy, 4 sell and 0 strong sell ratings, collectively assigning a 3.07 average brokerage recommendation [T1].