Nomura Holdings Reiterates a Hold Rating on Symantec Corp

By Austin Angelo

In a report released today, Frederick Grieb from Nomura Holdings reiterated a Hold rating on Symantec Corp (NASDAQ: SYMC), with a price target of $25. The company’s shares opened today at $23.26.

According to TipRanks.com, Grieb is a 5-star analyst with an average return of 9.0% and a 63.5% success rate. Grieb covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp., Continental Resources, and Range Resources Corp.

Currently, the analyst consensus on Symantec Corp is Moderate Buy and the average price target is $26.95, representing a 15.9% upside.

In a report issued on November 2, MKM Partners also reiterated a Hold rating on the stock with a $26 price target.

Symantec Corp’s market cap is currently $15.67B and has a P/E ratio of 6.72. The company has a book value ratio of 4.1600.

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2016, Amy Cappellanti-Wolf, the SVP, Chief Human Resource Off. of SYMC sold 15,474 shares for a total of $385,026.

Symantec Corp. engages in the provision of security, storage, and systems management solutions. It operates through the following segments: Consumer Security, Enterprise Security, and Information Management. The Consumer Security segment offers multi-layer security and identity protection on major desktop and mobile operating systems through their Norton-branded services. The Enterprise Security segment includes secure socket layer certificates, authentication, mail and web security, data center security, data loss prevention, information security services, endpoint security and management, encryption, and mobile offerings to organizations. The information Management segment focuses on back up and recovery, archiving and eDiscovery, and storage. The company was founded by Gary Hendrix in April 1982 and is headquartered in Mountain View, CA.