Symantec Corp (SYMC) Shareholder Ci Global Investments INC Increased Its Stake by $101.25 Million

June 29, 2018 - By Michael Lund

Symantec Corporation (NASDAQ:SYMC) Corporate LogoBig Money Sentiment increased to 0.99 in Q1 2018. It has change of 0.07, from 2017Q4’s 0.92. The ratio improved due to SYMC positioning: 53 sold and 134 reduced. 56 funds bought stakes and 130 increased stakes. Investors holded 548.16 million in 2017Q4 but now own 534.82 million shares or 2.43% less. Gargoyle Invest Advisor Lc holds 80,000 shs. Clarivest Asset Mgmt Limited Liability holds 0.02% or 53,000 shs in its capital. Swiss Comml Bank accumulated 0.06% or 1.99M shs. Hanson Mcclain invested in 838 shs or 0% of the stock. Goldman Sachs Group Incorporated invested in 0.04% or 6.55M shs. 115,410 are owned by Utah Retirement Sys. Beutel Goodman holds 0.59% or 3.80 million shs. Cibc World Markets Corporation accumulated 97,797 shs. Ancora Advsr Ltd Liability Corporation reported 20,010 shs. Meag Munich Ergo Kapitalanlagegesellschaft Mbh invested 0.01% in Symantec Corporation (NASDAQ:SYMC). Pinebridge Lp accumulated 0.08% or 128,285 shs. First Republic Invest Mngmt invested in 0% or 10,024 shs. Cibc Mkts holds 0% of its capital in Symantec Corporation (NASDAQ:SYMC) for 42,314 shs. Glob X Co Limited accumulated 14,571 shs. Interest Ltd Ca holds 41,373 shs or 0.19% of its capital.

SYMC had 3 insider sales and 0 buys since March 5, 2018. This’s net activity of $2.63 million. 41,284 shs valued at $1.14 million were sold by TAYLOR SCOTT C on Monday, April 16. Vautrinot Suzanne M also sold $110,880 worth of Symantec Corporation (NASDAQ:SYMC) shs.

In 2018Q1 SEC filling is reported Ci Global Investments Inc’s stake in Symantec Corp (SYMC) which was upped by 32.03%. 4.05 million shares were bought by Ci Global Investments Inc as the company’s stock declined 22.66% with the market. The prepackaged software company at the end of 2018Q1 was priced at $431.57 million. It’s up from 12.64 million at the end of the previous reported quarter. Now it had 16.70M shares held by the institutional investor . $12.80B is the MC of Symantec Corp. SYMC is touching $20.6 during the last trading session, after increased 1.53%.Symantec Corporation has volume of 3.20 million shares. Since June 29, 2017 SYMC has declined 29.68% and is downtrending. The stock underperformed the S&P 500 by 42.25%.

Ci Global Investments Inc manages about $9.58 billion and $5.81B US Long portfolio. Its stake in Accenture Plc Ireland (NYSE:ACN) was reduced by 46,074 shares to 316 shares valued at $49,000 in 2018Q1, according to the filing. Ci Global Investments Inc has cut its stake in Hubspot Inc (NYSE:HUBS) and also reduced its holding in Extended Stay Amer Inc (NYSE:STAY) by 1.03 million shares in the quarter, for a total of 1.79M shares.

There’s a substantial Symantec Corporation (NASDAQ:SYMC) news published by Globenewswire.com. It’s an item titled: “SHAREHOLDER ALERT – GOGO INWK FLEX SYMC REPH ORA TAL: The Law Offices of Vincent Wong Reminds …” on June 28, 2018.

Symantec Corporation (NASDAQ:SYMC) Ratings Coverage

In total 16 analysts cover Symantec (NASDAQ:SYMC). “Buy” rating has 2, “Sell” are 2, while 12 are “Hold”. (NASDAQ:SYMC) has 13% bullish analysts. 20 are the (NASDAQ:SYMC)’s ratings reports on 29 Jun 2018 according to StockzIntelligence Inc. On Thursday, February 1 the rating was maintained by Bank of America with “Underperform”. On Friday, May 11 the rating was downgraded by Barclays Capital to “Hold”. The company rating was maintained by Morgan Stanley on Thursday, February 1. On Thursday, January 18 the company was downgraded by Jefferies. On Friday, April 6 Standpoint Research upgraded Symantec Corporation (NASDAQ:SYMC) to “Buy” rating. The stock rating was maintained by Cowen & Co with “Sell” on Thursday, February 1. In Friday, May 11 report Oppenheimer downgraded the stock to “Perform” rating. On Friday, April 27 the firm has “Market Perform” rating by JMP Securities given. On Friday, May 11 the stock of Symantec Corporation (NASDAQ:SYMC) earned “Neutral” rating by BTIG Research. On Friday, May 11 the stock has “Equal-Weight” rating by First Analysis.

Symantec Corporation (NASDAQ:SYMC) Institutional Investors Chart

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