Two Sigma Investments Lp buys $139,774,485 stake in Symantec Corporation (SYMC)

Symantec Corporation (SYMC) : Two Sigma Investments Lp scooped up 680,536 additional shares in Symantec Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 6,201,175 shares of Symantec Corporation which is valued at $139,774,485.Symantec Corporation makes up approximately 0.64% of Two Sigma Investments Lp’s portfolio.

Other Hedge Funds, Including , First Trust Advisors Lp boosted its stake in SYMC in the latest quarter, The investment management firm added 613,673 additional shares and now holds a total of 2,041,756 shares of Symantec Corporation which is valued at $44,683,830. Symantec Corporation makes up approx 0.14% of First Trust Advisors Lp’s portfolio.Exane Derivatives boosted its stake in SYMC in the latest quarter, The investment management firm added 407 additional shares and now holds a total of 1,121 shares of Symantec Corporation which is valued at $23,429.Tarbox Group reduced its stake in SYMC by selling 56 shares or 14.25% in the most recent quarter. The Hedge Fund company now holds 337 shares of SYMC which is valued at $6,885. Proficio Capital Partners sold out all of its stake in SYMC during the most recent quarter. The investment firm sold 89 shares of SYMC which is valued $1,818.

Symantec Corporation opened for trading at $24.14 and hit $24.17 on the upside on Thursday, eventually ending the session at $24.15, with a gain of 0.08% or 0.02 points. The heightened volatility saw the trading volume jump to 61,59,544 shares. Company has a market cap of $14,866 M.

On the company’s financial health, Symantec Corporation reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.25. The company had revenue of $884.00 million for the quarter, compared to analysts expectations of $877.37 million. The company’s revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on Symantec Corporation. Symantec Corporation was Upgraded by Citigroup to ” Buy” on Aug 19, 2016. Goldman Resumed Symantec Corporation on Aug 15, 2016 to “Buy”, Price Target of the shares are set at $26.Company shares were Reiterated by Wunderlich on Aug 5, 2016 to “Hold”, Firm has raised the Price Target to $ 23 from a previous price target of $19 .

Symantec Corporation provides security backup and availability solutions. The Company operates in three segments: Consumer Security Enterprise Security and Information Management. The Company’s products and services offer protection of information in any environment from the mobile device to the enterprise data center to cloud-based systems. Consumers receive automatic downloads of the latest virus definitions application bug fixes and patches for its consumer product. The Company’s enterprise security support program offers annual maintenance support contracts including content upgrades and technical support. The Company’s Consumer Security segment offers Norton-branded services which provide multi-layer security and identity protection on desktop and mobile operating systems to defend against online threats to individuals families and small businesses.

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