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Symantec Corp. (SYMC) Sees Significant Growth in Short Interest

The stock price demonstrated downbeat change from its 50 day moving average of 22.86 and had been up from its 200 Day Moving Average of 19.63. Also, EVP Francis C. Rosch sold 3,336 shares of the stock in a transaction on Wednesday, September 7th. LLC now owns 6,211 shares of the company’s stock worth $128,000 after buying an additional 2,924 shares during the period. The disclosure for this sale can be found here. Finally, Public Employees Retirement System of OH increased its position in Symantec Corp.by 1.8% in the second quarter.

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Insider Activity: Corporate insiders look pessimistic about the outlook of the company stock that they seem to offload shares while they have 49.23 jumped so far this year. Symantec Corp. The company earned $884 million during the quarter, compared to analysts’ expectations of $876.96 million.

Several hedge funds have recently made changes to their positions in the stock. Johnson Financial Group Inc. boosted its stake in shares of Symantec Corp.by 10,503.6% in the second quarter.

08/23/2016 – Symantec Corporation had its “overweight” rating reiterated by analysts at Piper Jaffray. However, a high of $28 was allocated to the best estimate pegs its stock price within the coming year while the same period had $14 as the lowest estimate. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company. The mean price target for the shares of company is at $23.98 while the highest price target suggested by the analysts is $29.00 and low price target is $17.00. Company has a 52-Week High of -1.98% and a 52-Week Low of 70.05%.

During last 5 trades the stock sticks nearly -0.48%. Symantec Corp.’s revenue for the quarter was down 3.1% compared to the same quarter a year ago. On average, analysts predict that Symantec Corp. will post $1.12 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 14th.

Company latest quarter ended on 30 Jun 2016, company announced earnings of $1.66. Stockholders of record on Monday, August 22nd will be issued a dividend of $0.075 per share. 0 analysts call it Underweight, while 1 think it is Overweight. Finally, Global X Management Co. The ex-dividend date of this dividend is Thursday, August 18th.

Symantec Corporation (NASDAQ:SYMC), from Technology sector has been on the upside of the performance spectrum.

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Symantec Corporation’s short ratio is now at 2.13 and the float short is at 3.62%. According to the recent Symantec Internet Security Threat Report, 65 percent of all targeted attacks struck small and mid-sized organizations in 20151 to steal valuable firm information. Not based on the news in any given day, the rating may differ from Jim Cramer’s view or that of this articles’s author. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Symantec Corp. and related companies with our FREE daily email newsletter.

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