Symantec stock plunges on internal investigation

A Symantec security app is seen on a phone in this illustration

It has change of 0.06, from 2017Q3's 0.86. 548.16 million shares or 4.09% less from 571.53 million shares in 2017Q3 were reported.

Veritas Invest Mgmt Ltd Liability Partnership, United Kingdom-based fund reported 2,900 shares. Princeton Portfolio Strategies Group Inc Lc owns 35,220 shs.

"This may be far from over", MoffettNathanson LLC analyst Adam Holt said in a note to investors, cutting his recommendation on the stock to "sell". Symantec had 92 analyst reports since August 11, 2015 according to SRatingsIntel.

The cybersecurity company's stock fell more than 20 percent to $23.04 in after-hours trading after the possible delay was announced. Integral Derivatives Ltd Co accumulated 7,217 shares. Manufacturers Life Ins The holds 0.02% or 723,316 shares in its portfolio. Andra Ap owns 43,500 shs or 0.03% of their United States capital.

Symantec Corp (NASDAQ:SYMC) institutional sentiment increased to 0.92 in Q4 2017.

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Shares of SYMC traded down $3.30 during mid-day trading on Thursday, hitting $25.45.

Since March 5, 2018, it had 0 insider buys, and 3 sales for $2.63 million activity.

In other news, EVP Francis C. Rosch sold 51,899 shares of the firm's stock in a transaction dated Monday, March 5th.

Symantec disclosed the whistleblower probe late on Thursday, saying it might miss a deadline for filing its annual 10-K report, may need to restate some financial results and might revise guidance. Oppenheimer maintained it with "Buy" rating and $3300 target in Friday, June 9 report. Therefore 100% are positive. The company rocked its 52-Week High of $34.2 and touched its 52-Week Low of $24.93. Currently, the stock has a 1 Year Price Target of $29.94.

Shares of Symantec stock opened at $29.18 on Friday. On Thursday, February 1 the firm has "Hold" rating by Stephens given. On Thursday, January 18 the rating was downgraded by Jefferies to "Underperform". The rating was maintained by Citigroup with "Neutral" on Monday, January 30. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.13. The stock of Symantec Corporation (NASDAQ:SYMC) has "Overweight" rating given on Thursday, February 1 by Barclays Capital. The rating was maintained by Stifel Nicolaus on Wednesday, January 31 with "Hold". Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have issued a buy rating to the company's stock. About 56.47 million shares traded or 983.92% up from the average. Massachusetts-based Numeric Limited Co has invested 0.02% in Symantec Corporation (NASDAQ:SYMC). SYMC underperformed by 27.83% the S&P500. The company has market cap of $18.14 billion. It has a 18.03 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.

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