Symantec shares lose one third of value overnight

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The stock of Symantec Corporation (NASDAQ:SYMC) has "Buy" rating given on Friday, August 19 by Citigroup. The company also noted that it has won a large number of deals worth more than $5 million during the quarter. The firm has "Hold" rating by Stephens given on Thursday, February 1.

Among 34 analysts covering Symantec (NASDAQ:SYMC), 7 have Buy rating, 3 Sell and 24 Hold. UBS lowered Symantec from an "outperform" rating to a "market perform" rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company's stock. Currently, the stock has a 1 Year Price Target of $29.94. Janney Montgomery Scott Limited Liability Corp reported 0.02% in Symantec Corporation (NASDAQ:SYMC).

Symantec Corporation (NASDAQ:SYMC) stock jumped $0.43 higher during the regular trading session on Thursday, hitting $29.18.

Since January 1, 0001, it had 0 insider buys, and 3 sales for $2.63 million activity. Symantec Corporation (SYMC) has declined 16.28% since May 11, 2017 and is downtrending. The technology company reported $0.46 EPS for the quarter, topping the Zacks' consensus estimate of $0.39 by $0.07. On a non-GAAP basis, Symantec reported net income of $US310mln, or US$0.46 a share, up 68% from US$184mln, or US$0.28 a share, in the year-earlier quarter. The stock was sold at an average price of $26.59, for a total transaction of $1,379,994.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Shares for $110,880 were sold by Vautrinot Suzanne M on Friday, March 9. The disclosure for this sale can be found here. A stock that has a beta score higher than 1 means that volatility is high, while less than 1 means that volatility is low.

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Several large investors have recently made changes to their positions in the stock. Its projected profit of $1.50 to $1.65 per share missed estimates as well. The Company makes the Norton Antivirus and LifeLock security services. Norinchukin Bank The lifted its holdings in shares of Symantec by 14.6% in the 1st quarter. Moreover, Scge Management L.P. has 6.97% invested in the company for 1.58 million shares. Great West Life Assurance Co. Symantec noted that contract duration has shown drastic improvement in the last four quarters. Looking backwards over the past quarter, these shares have gained 14.03%.

The stock is now showing YTD performance of 3.99 Percent. Finally, Covington Investment Advisors Inc. bought a new position in shares of Symantec in the 1st quarter valued at about $5,350,000.

Symantec Corporation, together with its subsidiaries, provides cybersecurity solutions worldwide.The firm is worth $18.14 billion. It operates through two divisions, Consumer Digital Safety and Enterprise Security.