Symantec Corp Receives a Hold from MKM Partners

By Austin Angelo

MKM Partners analyst Kevin Buttigieg reiterated a Hold rating on Symantec Corp (NASDAQ: SYMC) today and set a price target of $26. The company’s shares closed yesterday at $24.52, close to its 52-week high of $25.72.

According to TipRanks.com, Buttigieg is a 4-star analyst with an average return of 8.2% and a 60.0% success rate. Buttigieg covers the Technology sector, focusing on stocks such as Informatica Corp., Ultimate Software, and Citrix Systems.

Currently, the analyst consensus on Symantec Corp is Moderate Buy and the average price target is $27.11, representing a 10.6% upside.

In a report issued on November 8, Pacific Crest also reiterated a Hold rating on the stock.

The company has a one year high of $25.72 and a one year low of $16.14. Currently, Symantec Corp has an average volume of 8.95M.

Based on the recent corporate insider activity of 61 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.