As Symantec (SYMC) Stock Price Declined, Shareholder Strategy Asset Managers Decreased Its Stake; First Light Asset Management Increases Position in Harvard Bioscience (HBIO)

May 22, 2018 - By mmahotstuff

Symantec Corporation (NASDAQ:SYMC) Logo

First Light Asset Management Llc increased its stake in Harvard Bioscience Inc (HBIO) by 12.69% based on its latest 2017Q4 regulatory filing with the SEC. First Light Asset Management Llc bought 522,369 shares as the company’s stock rose 60.94% while stock markets declined. The institutional investor held 4.64 million shares of the capital goods company at the end of 2017Q4, valued at $15.31M, up from 4.12 million at the end of the previous reported quarter. First Light Asset Management Llc who had been investing in Harvard Bioscience Inc for a number of months, seems to be bullish on the $160.11 million market cap company. The stock decreased 3.26% or $0.15 during the last trading session, reaching $4.45. About 98,526 shares traded. Harvard Bioscience, Inc. (NASDAQ:HBIO) has risen 87.27% since May 22, 2017 and is uptrending. It has outperformed by 75.72% the S&P500.

Strategy Asset Managers Llc decreased its stake in Symantec Corp (SYMC) by 20.4% based on its latest 2017Q4 regulatory filing with the SEC. Strategy Asset Managers Llc sold 18,248 shares as the company’s stock declined 9.92% with the market. The institutional investor held 71,219 shares of the prepackaged software company at the end of 2017Q4, valued at $2.00 million, down from 89,467 at the end of the previous reported quarter. Strategy Asset Managers Llc who had been investing in Symantec Corp for a number of months, seems to be less bullish one the $13.28B market cap company. The stock decreased 1.02% or $0.22 during the last trading session, reaching $21.37. About 10.81M shares traded or 25.98% up from the average. Symantec Corporation (NASDAQ:SYMC) has declined 16.28% since May 22, 2017 and is downtrending. It has underperformed by 27.83% the S&P500.

Since March 7, 2018, it had 0 buys, and 3 sales for $1.00 million activity. The insider Gagnon Robert E. sold $448,542. UVEGES GEORGE sold $161,599 worth of Harvard Bioscience, Inc. (NASDAQ:HBIO) on Wednesday, March 7.

Another recent and important Harvard Bioscience, Inc. (NASDAQ:HBIO) news was published by Globenewswire.com which published an article titled: “Harvard Bioscience Reports First Quarter 2018 Financial Results” on May 02, 2018.

Investors sentiment increased to 1.32 in 2017 Q4. Its up 0.41, from 0.91 in 2017Q3. It is positive, as 3 investors sold HBIO shares while 16 reduced holdings. 8 funds opened positions while 17 raised stakes. 22.13 million shares or 3.01% more from 21.49 million shares in 2017Q3 were reported. Schwab Charles Management accumulated 0% or 19,300 shares. Bridgeway Capital Management reported 835,917 shares stake. Sei Invs holds 872 shares or 0% of its portfolio. Axa holds 0% of its portfolio in Harvard Bioscience, Inc. (NASDAQ:HBIO) for 167,500 shares. Clarivest Asset Lc invested in 0.01% or 160,500 shares. Minnesota-based Foundry Prtnrs Lc has invested 0.1% in Harvard Bioscience, Inc. (NASDAQ:HBIO). Millennium Mngmt Limited Com holds 21,461 shares or 0% of its portfolio. Ancora Advisors Ltd reported 0.04% stake. The Georgia-based Earnest Prtn Ltd Limited Liability Company has invested 0% in Harvard Bioscience, Inc. (NASDAQ:HBIO). White Pine Limited Liability Corporation reported 28,200 shares or 0.03% of all its holdings. 60,700 are held by Spark Management Llc. Utd Services Automobile Association owns 105,178 shares. Royal Bankshares Of Canada reported 2,090 shares. Segall Bryant Hamill Limited Liability Company accumulated 836,318 shares or 0.06% of the stock. Essex Investment Mngmt Lc holds 0.23% or 536,681 shares.

Among 3 analysts covering Harvard Bioscience Inc (NASDAQ:HBIO), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Harvard Bioscience Inc had 4 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was initiated by Singular Research on Thursday, November 17 with “Buy”. The firm earned “Buy” rating on Tuesday, July 28 by Benchmark.

More notable recent Symantec Corporation (NASDAQ:SYMC) news were published by: Seekingalpha.com which released: “Symantec reveals investigation details on call” on May 14, 2018, also Prnewswire.com with their article: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against Symantec …” published on May 22, 2018, Businesswire.com published: “SYMC INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation on Behalf of Symantec Corporation …” on May 20, 2018. More interesting news about Symantec Corporation (NASDAQ:SYMC) were released by: Seekingalpha.com and their article: “Should You Buy The Drop In Symantec?” published on May 11, 2018 as well as Businesswire.com‘s news article titled: “SYMC LOSS NOTICE: Rosen Law Firm Reminds Symantec Corporation Investors of Important Deadline in First Filed …” with publication date: May 21, 2018.

Investors sentiment increased to 0.92 in Q4 2017. Its up 0.06, from 0.86 in 2017Q3. It is positive, as 56 investors sold SYMC shares while 144 reduced holdings. 45 funds opened positions while 139 raised stakes. 548.16 million shares or 4.09% less from 571.53 million shares in 2017Q3 were reported. Cubist Systematic Strategies Ltd Liability invested in 17,895 shares. Charter Trust owns 38,791 shares. Highland Mgmt Lc holds 0.04% in Symantec Corporation (NASDAQ:SYMC) or 19,380 shares. Tru Asset Management Ltd Liability has 60,716 shares for 0.63% of their portfolio. Amalgamated Savings Bank holds 0.06% of its portfolio in Symantec Corporation (NASDAQ:SYMC) for 80,881 shares. Ratan Capital Management Lp stated it has 75,800 shares. Grp One Trading Ltd Partnership accumulated 95,907 shares or 0.02% of the stock. Regions Financial has invested 0% in Symantec Corporation (NASDAQ:SYMC). Hm Payson And holds 14,886 shares or 0.02% of its portfolio. Captrust Fin, North Carolina-based fund reported 1,652 shares. Moreover, Riverhead Mngmt Ltd Liability has 0.08% invested in Symantec Corporation (NASDAQ:SYMC). Bessemer Gp has invested 0% in Symantec Corporation (NASDAQ:SYMC). State Teachers Retirement Systems invested 0.06% of its portfolio in Symantec Corporation (NASDAQ:SYMC). Tiverton Asset Mngmt Lc reported 8,595 shares stake. Jane Street holds 0% or 54,856 shares in its portfolio.

Analysts await Symantec Corporation (NASDAQ:SYMC) to report earnings on August, 1. They expect $0.34 earnings per share, up 126.67% or $0.19 from last year’s $0.15 per share. SYMC’s profit will be $211.32 million for 15.71 P/E if the $0.34 EPS becomes a reality. After $0.26 actual earnings per share reported by Symantec Corporation for the previous quarter, Wall Street now forecasts 30.77% EPS growth.

Among 34 analysts covering Symantec (NASDAQ:SYMC), 6 have Buy rating, 2 Sell and 26 Hold. Therefore 18% are positive. Symantec had 100 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of Symantec Corporation (NASDAQ:SYMC) earned “Market Perform” rating by Wells Fargo on Friday, April 7. The firm has “Hold” rating given on Thursday, August 3 by Cowen & Co. RBC Capital Markets maintained Symantec Corporation (NASDAQ:SYMC) on Friday, August 5 with “Outperform” rating. The firm earned “Hold” rating on Thursday, February 1 by Stephens. The rating was upgraded by Zacks to “Sell” on Monday, August 17. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, January 20. Wunderlich maintained it with “Hold” rating and $23 target in Friday, August 5 report. The rating was maintained by M Partners with “Neutral” on Wednesday, November 2. The firm has “Hold” rating by Cowen & Co given on Wednesday, September 6. Wunderlich upgraded the shares of SYMC in report on Tuesday, September 13 to “Buy” rating.

Since March 5, 2018, it had 0 insider buys, and 3 insider sales for $2.63 million activity. On Friday, March 9 Vautrinot Suzanne M sold $110,880 worth of Symantec Corporation (NASDAQ:SYMC) or 4,000 shares. TAYLOR SCOTT C sold 41,284 shares worth $1.14M.

Strategy Asset Managers Llc, which manages about $565.53M and $511.55M US Long portfolio, upped its stake in Metlife Inc Pfd A Flt Rate by 13,090 shares to 24,110 shares, valued at $599,000 in 2017Q4, according to the filing. It also increased its holding in Intuitive Surgical Inc (NASDAQ:ISRG) by 8,174 shares in the quarter, for a total of 12,246 shares, and has risen its stake in Intel Corp (NASDAQ:INTC).

Symantec Corporation (NASDAQ:SYMC) Institutional Positions Chart

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