Symantec shares lose one third of value overnight

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It has change of 0.06, from 2017Q3's 0.86. It is positive, as 56 investors sold Symantec Corporation shares while 144 reduced holdings. 548.16 million shares or 4.09% less from 571.53 million shares in 2017Q3 were reported. Asset One accumulated 994,099 shares or 0.06% of the stock. Amalgamated Bancorporation holds 0.06% or 80,881 shs in its capital. Cambridge Rech holds 15,785 shs or 0.01% of its capital. On Thursday, February 1 the stock has "Underperform" rating by Bank of America. Washington Trust Comml Bank owns 2,300 shares. Bnp Paribas Arbitrage, New York-based fund reported 492,425 shs. Walleye Trading Limited Co accumulated 380 shares. Retirement Systems of Alabama lifted its stake in Symantec by 0.8% during the fourth quarter.

Since March 5, 2018, it had 0 insider buys, and 3 insider sales for $2.63 million activity. Shares plunged 13 percent in March on the revelation. The insider Vautrinot Suzanne M sold $110,880.

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Analysts were expecting the company to report a profit of 39 cents per share and revenue of $1.19 billion. That gives a potential upside move. Eight analysts have made estimates for Symantec's earnings. "Buy" rating has 3, "Sell" are 3, while 11 are "Hold". Тherefore 18% are bullish. $28.78's average target is 47.44% above currents $19.52 stock price.

Symantec Corporation (NASDAQ:SYMC) stock was falling hard on Friday following news of an internal investigation at the company. On Friday, April 6 the firm has "Buy" rating given by Standpoint Research. On Friday, May 11 the rating was downgraded by BTIG Research to "Neutral". BidaskClub upgraded Symantec from a "hold" rating to a "buy" rating in a report on Thursday. Stifel Nicolaus cut their price target on Symantec from $27.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, February 1st. On Thursday, February 1 the firm has "Sell" rating by Cowen & Co given. JMP Securities lowered Symantec from an "outperform" rating to a "market perform" rating in a report on Friday. On Monday, April 16 TAYLOR SCOTT C also sold $1.14 million worth of Symantec Corporation (NASDAQ:SYMC). It has underperformed by 27.83% the S&P500.

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Symantec Corporation, together with its subsidiaries, provides cybersecurity solutions worldwide.The company has $12.13 billion market cap. It operates through two divisions, Consumer Digital Safety and Enterprise Security.12.06 is the 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.

The company "voluntarily contacted" the Securities and Exchange Commission about the probe and said the investigation could force it to restate financial results.

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