Webster Bank N. A. buys $852,497 stake in Symantec Corporation (SYMC)

Symantec Corporation (SYMC) : Webster Bank N. A. scooped up 1,010 additional shares in Symantec Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 35,388 shares of Symantec Corporation which is valued at $852,497.Symantec Corporation makes up approximately 0.13% of Webster Bank N. A.’s portfolio.

Other Hedge Funds, Including , Charter Trust Co boosted its stake in SYMC in the latest quarter, The investment management firm added 15,110 additional shares and now holds a total of 32,934 shares of Symantec Corporation which is valued at $793,380. Symantec Corporation makes up approx 0.09% of Charter Trust Co’s portfolio.Msi Financial Services Inc boosted its stake in SYMC in the latest quarter, The investment management firm added 420 additional shares and now holds a total of 5,618 shares of Symantec Corporation which is valued at $136,405.Profit Investment Management reduced its stake in SYMC by selling 2,893 shares or 16.19% in the most recent quarter. The Hedge Fund company now holds 14,972 shares of SYMC which is valued at $363,520. Symantec Corporation makes up approx 0.37% of Profit Investment Management’s portfolio.Telemus Capital boosted its stake in SYMC in the latest quarter, The investment management firm added 5,655 additional shares and now holds a total of 26,910 shares of Symantec Corporation which is valued at $683,245. Symantec Corporation makes up approx 0.08% of Telemus Capital’s portfolio. Washington Trust Bank added SYMC to its portfolio by purchasing 55 company shares during the most recent quarter which is valued at $1,396.

Symantec Corporation closed down -0.19 points or -0.78% at $24.09 with 79,01,317 shares getting traded on Friday. Post opening the session at $24.41, the shares hit an intraday low of $24.02 and an intraday high of $24.57 and the price fluctuated in this range throughout the day.Shares ended Friday 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. Symantec Corporation was Initiated by Guggenheim to “Buy” on Sep 15, 2016. Company shares were Resumed by Wunderlich on Sep 13, 2016 to “Buy”, Firm has raised the Price Target to $ 30 from a previous price target of $23 .Symantec Corporation was Upgraded by Citigroup to ” Buy” on Aug 19, 2016.

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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