Penserra Capital Management buys $37,455,689 stake in Symantec Corporation (SYMC)

Symantec Corporation (SYMC) : Penserra Capital Management scooped up 150,582 additional shares in Symantec Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 1,694,061 shares of Symantec Corporation which is valued at $37,455,689.Symantec Corporation makes up approximately 4.85% of Penserra Capital Management’s portfolio.

Other Hedge Funds, Including , Btim Corp. reduced its stake in SYMC by selling 5,700 shares or 12.72% in the most recent quarter. The Hedge Fund company now holds 39,125 shares of SYMC which is valued at $852,143. Symantec Corporation makes up approx 0.01% of Btim Corp.’s portfolio.Mn Services Vermogensbeheer B.v. reduced its stake in SYMC by selling 477 shares or 2.81% in the most recent quarter. The Hedge Fund company now holds 16,477 shares of SYMC which is valued at $360,599. Symantec Corporation makes up approx 0.07% of Mn Services Vermogensbeheer B.v.’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in SYMC in the latest quarter, The investment management firm added 113,895 additional shares and now holds a total of 999,637 shares of Symantec Corporation which is valued at $21,877,056. Symantec Corporation makes up approx 0.07% of State Board Of Administration Of Florida Retirement System’s portfolio.Matrix Asset Advisors Incny reduced its stake in SYMC by selling 19,120 shares or 4.09% in the most recent quarter. The Hedge Fund company now holds 447,869 shares of SYMC which is valued at $9,360,462. Symantec Corporation makes up approx 1.74% of Matrix Asset Advisors Incny’s portfolio. Fox Run Management L.l.c. sold out all of its stake in SYMC during the most recent quarter. The investment firm sold 39,600 shares of SYMC which is valued $819,720.

Symantec Corporation closed down -0.06 points or -0.26% at $22.92 with 1,08,93,933 shares getting traded on Wednesday. Post opening the session at $23.06, the shares hit an intraday low of $22.82 and an intraday high of $23.125 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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. 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 .Company shares were Reiterated by RBC Capital Mkts on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 25 from a previous price target of $24 .

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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