Symantec (SYMC) At $28.06 Forms Bottom; Rwc Asset Management Llp Has Boosted Hanesbrands (HBI) Holding

January 1, 2018 - By Annabelle Johnson

Symantec Corporation (SYMC) formed multiple bottom with $27.22 target or 3.00% below today’s $28.06 share price. Symantec Corporation (SYMC) has $17.40B valuation. The stock decreased 1.47% or $0.42 during the last trading session, reaching $28.06. About 2.84 million shares traded. Symantec Corporation (NASDAQ:SYMC) has risen 71.82% since January 1, 2017 and is uptrending. It has outperformed by 55.12% the S&P500.

Rwc Asset Management Llp increased Hanesbrands Inc (HBI) stake by 22.05% reported in 2017Q3 SEC filing. Rwc Asset Management Llp acquired 45,562 shares as Hanesbrands Inc (HBI)’s stock declined 1.43%. The Rwc Asset Management Llp holds 252,155 shares with $6.21M value, up from 206,593 last quarter. Hanesbrands Inc now has $7.62 billion valuation. The stock decreased 0.57% or $0.12 during the last trading session, reaching $20.91. About 3.53M shares traded. Hanesbrands Inc. (NYSE:HBI) has declined 23.23% since January 1, 2017 and is downtrending. It has underperformed by 39.93% the S&P500.

Since August 7, 2017, it had 0 insider buys, and 16 insider sales for $47.91 million activity. On Tuesday, September 12 Divol Roxane sold $499,352 worth of Symantec Corporation (NASDAQ:SYMC) or 15,111 shares. 4,749 Symantec Corporation (NASDAQ:SYMC) shares with value of $141,089 were sold by Rosch Francis C. Sands Anita M sold $60,000 worth of stock or 2,000 shares. 13,567 shares valued at $407,010 were sold by Clark Gregory S. on Thursday, August 31. $348,668 worth of Symantec Corporation (NASDAQ:SYMC) shares were sold by TAYLOR SCOTT C. Shares for $230,640 were sold by Noviello Nicholas R on Thursday, September 7. Fey Michael David also sold $38.90M worth of Symantec Corporation (NASDAQ:SYMC) shares.

Investors sentiment decreased to 0.86 in 2017 Q3. Its down 0.09, from 0.95 in 2017Q2. It dived, as 48 investors sold Symantec Corporation shares while 170 reduced holdings. 55 funds opened positions while 133 raised stakes. 571.53 million shares or 3.02% more from 554.80 million shares in 2017Q2 were reported. Tpg Group (Sbs) Advsrs Incorporated holds 1.11% or 2.09 million shares in its portfolio. Alpine Woods Capital Investors Ltd Limited Liability Company has 0.07% invested in Symantec Corporation (NASDAQ:SYMC) for 40,376 shares. Tci Wealth has invested 0.09% in Symantec Corporation (NASDAQ:SYMC). Mitsubishi Ufj Company Ltd owns 610 shares or 0.1% of their US portfolio. 761 were accumulated by Exane Derivatives. Price T Rowe Md accumulated 0.39% or 69.48 million shares. Grantham Mayo Van Otterloo & Co has invested 0.03% of its portfolio in Symantec Corporation (NASDAQ:SYMC). First Mercantile Tru Company owns 45,191 shares. Iowa-based Principal Fincl Grp Inc has invested 0.03% in Symantec Corporation (NASDAQ:SYMC). 539,597 are held by Chevy Chase Holdings. Rampart Mngmt Co Limited Liability Co owns 8,185 shares or 0.09% of their US portfolio. Livforsakringsbolaget Skandia Omsesidigt owns 11,845 shares. Ent Financial Services Corp reported 566 shares or 0.01% of all its holdings. Cls Ltd Liability Company accumulated 116 shares. Private Advisor Gru Ltd Liability holds 0.01% or 9,994 shares.

Analysts await Symantec Corporation (NASDAQ:SYMC) to report earnings on February, 7. They expect $0.29 earnings per share, up 31.82% or $0.07 from last year’s $0.22 per share. SYMC’s profit will be $179.80M for 24.19 P/E if the $0.29 EPS becomes a reality. After $0.21 actual earnings per share reported by Symantec Corporation for the previous quarter, Wall Street now forecasts 38.10% EPS growth.

Among 29 analysts covering Symantec (NASDAQ:SYMC), 10 have Buy rating, 1 Sell and 18 Hold. Therefore 34% are positive. Symantec had 81 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of Symantec Corporation (NASDAQ:SYMC) earned “Hold” rating by Evercore on Thursday, August 3. The stock of Symantec Corporation (NASDAQ:SYMC) has “Equal Weight” rating given on Friday, August 21 by Morgan Stanley. UBS upgraded the shares of SYMC in report on Monday, June 20 to “Buy” rating. The firm has “Outperform” rating given on Thursday, November 2 by Oppenheimer. The company was maintained on Tuesday, August 11 by Wunderlich. The stock of Symantec Corporation (NASDAQ:SYMC) earned “Hold” rating by RBC Capital Markets on Sunday, July 30. RBC Capital Markets maintained it with “Sector Perform” rating and $23 target in Wednesday, January 20 report. On Thursday, April 28 the stock rating was maintained by Wunderlich with “Hold”. The firm earned “Neutral” rating on Friday, February 5 by M Partners. As per Friday, August 5, the company rating was maintained by RBC Capital Markets.

Among 18 analysts covering Hanesbrands (NYSE:HBI), 10 have Buy rating, 0 Sell and 8 Hold. Therefore 56% are positive. Hanesbrands had 49 analyst reports since September 17, 2015 according to SRatingsIntel. On Monday, December 12 the stock rating was upgraded by DA Davidson to “Buy”. The firm earned “Neutral” rating on Thursday, November 2 by Nomura. The stock of Hanesbrands Inc. (NYSE:HBI) has “Hold” rating given on Thursday, August 24 by Cowen & Co. The rating was downgraded by Cowen & Co on Wednesday, October 12 to “Market Perform”. The rating was maintained by Barclays Capital with “Overweight” on Thursday, November 2. The stock has “Outperform” rating by FBR Capital on Friday, February 3. Morgan Stanley downgraded Hanesbrands Inc. (NYSE:HBI) on Monday, February 27 to “Equal-Weight” rating. As per Tuesday, December 19, the company rating was downgraded by Citigroup. The company was maintained on Tuesday, August 29 by Oppenheimer. The firm has “Buy” rating by Deutsche Bank given on Monday, October 23.

Rwc Asset Management Llp decreased Tesla Inc (Prn) stake by 500,000 shares to 22.95M valued at $25.23 million in 2017Q3. It also reduced Live Nation Entertainment In (Prn) stake by 5.23M shares and now owns 270,000 shares. Ares Cap Corp (Prn) was reduced too.