Symantec (SYMC) Shareholder Js Capital Management Has Cut Position by $10.50 Million; Jackson Square Partners Holding in Graco Com (GGG) Has Lifted by $61.53 Million as Stock Price Declined

May 20, 2018 - By Kurt Siggers

Symantec Corporation (NASDAQ:SYMC) Logo

Jonathan Soros decreased its stake in Symantec Corp (SYMC) by 93.75% based on its latest 2017Q4 regulatory filing with the SEC. Js Capital Management Llc sold 375,000 shares as the company’s stock declined 9.92% with the market. The hedge fund run by Jonathan Soros held 25,000 shares of the prepackaged software company at the end of 2017Q4, valued at $702,000, down from 400,000 at the end of the previous reported quarter. Js Capital Management Llc who had been investing in Symantec Corp for a number of months, seems to be less bullish one the $13.79B market cap company. The stock decreased 0.58% or $0.13 during the last trading session, reaching $22.19. About 7.61M shares traded. Symantec Corporation (NASDAQ:SYMC) has declined 16.28% since May 20, 2017 and is downtrending. It has underperformed by 27.83% the S&P500.

Jackson Square Partners Llc increased its stake in Graco Inc Com (GGG) by 224.52% based on its latest 2017Q4 regulatory filing with the SEC. Jackson Square Partners Llc bought 1.37 million shares as the company’s stock declined 0.59% with the market. The institutional investor held 1.98M shares of the fluid controls company at the end of 2017Q4, valued at $89.37M, up from 608,981 at the end of the previous reported quarter. Jackson Square Partners Llc who had been investing in Graco Inc Com for a number of months, seems to be bullish on the $7.76B market cap company. The stock increased 0.39% or $0.18 during the last trading session, reaching $46.27. About 386,358 shares traded. Graco Inc. (NYSE:GGG) has risen 44.03% since May 20, 2017 and is uptrending. It has outperformed by 32.48% the S&P500.

Jackson Square Partners Llc, which manages about $24.97B and $19.69 billion US Long portfolio, decreased its stake in Zalando Se Npv by 268,688 shares to 826,819 shares, valued at $43.79 million in 2017Q4, according to the filing. It also reduced its holding in Adr Alibaba Group Holding Ltd Sponsored Ads (NYSE:BABA) by 103,784 shares in the quarter, leaving it with 321,373 shares, and cut its stake in Ebay Inc Com Usd0.001 (NASDAQ:EBAY).

Since December 13, 2017, it had 0 insider buys, and 8 insider sales for $18.82 million activity. Another trade for 27,000 shares valued at $1.26M was sold by GALLIVAN KAREN PARK. On Wednesday, December 13 the insider Rothe Christian E sold $1.68 million. 26,625 Graco Inc. (NYSE:GGG) shares with value of $1.24 million were sold by CARROLL WILLIAM J. VAN SANT R WILLIAM sold 15,000 shares worth $684,693. Etchart Eric sold 15,000 shares worth $657,476.

More recent Graco Inc. (NYSE:GGG) news were published by: Gurufocus.com which released: “Graco Inc (GGG) President and CEO Patrick J Mchale Sold $10 million of Shares” on May 09, 2018. Also Seekingalpha.com published the news titled: “Graco (GGG) Q1 2018 Results – Earnings Call Transcript” on April 26, 2018. Seekingalpha.com‘s news article titled: “Graco Inc. 2018 Q1 – Results – Earnings Call Slides” with publication date: April 26, 2018 was also an interesting one.

Among 15 analysts covering Graco Inc (NYSE:GGG), 2 have Buy rating, 0 Sell and 13 Hold. Therefore 13% are positive. Graco Inc had 36 analyst reports since September 15, 2015 according to SRatingsIntel. On Monday, April 4 the stock rating was downgraded by Sidoti to “Neutral”. Robert W. Baird maintained Graco Inc. (NYSE:GGG) on Wednesday, October 4 with “Hold” rating. The stock has “Hold” rating by RBC Capital Markets on Thursday, July 27. The stock of Graco Inc. (NYSE:GGG) has “Hold” rating given on Wednesday, September 7 by Deutsche Bank. RBC Capital Markets maintained Graco Inc. (NYSE:GGG) rating on Wednesday, October 11. RBC Capital Markets has “Hold” rating and $124.0 target. The stock of Graco Inc. (NYSE:GGG) earned “Hold” rating by Seaport Global on Monday, January 22. Robert W. Baird maintained the shares of GGG in report on Thursday, October 26 with “Hold” rating. The firm earned “Neutral” rating on Thursday, April 14 by SunTrust. The firm has “Hold” rating given on Wednesday, July 26 by Oppenheimer. B. Riley & Co maintained it with “Neutral” rating and $50 target in Wednesday, January 31 report.

Investors sentiment increased to 9.88 in 2017 Q4. Its up 8.92, from 0.96 in 2017Q3. It is positive, as 25 investors sold GGG shares while 7 reduced holdings. 59 funds opened positions while 257 raised stakes. 278.85 million shares or 493.55% more from 46.98 million shares in 2017Q3 were reported. Hsbc Hldgs Public Ltd Co holds 14,873 shares or 0% of its portfolio. Raymond James & holds 0.03% in Graco Inc. (NYSE:GGG) or 388,000 shares. 244,320 were accumulated by Proshare. First Republic Management reported 0% stake. Moreover, Bremer Tru National Association has 0.79% invested in Graco Inc. (NYSE:GGG) for 65,232 shares. Conestoga Capital Ltd Limited Liability Company reported 0.11% of its portfolio in Graco Inc. (NYSE:GGG). Bb&T holds 0.01% or 6,969 shares in its portfolio. Thrivent Fin For Lutherans invested in 36,873 shares or 0.01% of the stock. Bancorp invested 0.01% of its portfolio in Graco Inc. (NYSE:GGG). State Board Of Administration Of Florida Retirement Sys, a Florida-based fund reported 224,820 shares. 1832 Asset Management L P, Ontario – Canada-based fund reported 455 shares. Dorsey & Whitney Trust Communication Limited Liability Corp owns 273,663 shares. Cubist Systematic Strategies Ltd Liability owns 43,005 shares. Legal General Group Plc stated it has 0.01% in Graco Inc. (NYSE:GGG). Sei Investments invested in 0.1% or 636,615 shares.

Analysts await Symantec Corporation (NASDAQ:SYMC) to report earnings on August, 1. They expect $0.34 EPS, up 126.67% or $0.19 from last year’s $0.15 per share. SYMC’s profit will be $211.32M for 16.32 P/E if the $0.34 EPS becomes a reality. After $0.26 actual EPS 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 firm has “Buy” rating given on Wednesday, August 12 by S&P Research. Stifel Nicolaus maintained Symantec Corporation (NASDAQ:SYMC) rating on Sunday, September 10. Stifel Nicolaus has “Hold” rating and $27.0 target. The firm earned “Buy” rating on Saturday, August 15 by TheStreet. The stock of Symantec Corporation (NASDAQ:SYMC) earned “Neutral” rating by M Partners on Wednesday, November 2. The firm earned “Hold” rating on Thursday, February 1 by Stephens. The company was maintained on Friday, April 29 by Citigroup. On Friday, June 9 the stock rating was maintained by Oppenheimer with “Buy”. The firm earned “Neutral” rating on Monday, January 30 by Citigroup. The firm earned “Neutral” rating on Monday, March 21 by Goldman Sachs. The rating was downgraded by Standpoint Research to “Hold” on Monday, October 9.

Since March 5, 2018, it had 0 buys, and 3 selling transactions for $2.63 million activity. TAYLOR SCOTT C also sold $1.14 million worth of Symantec Corporation (NASDAQ:SYMC) shares. 4,000 shares were sold by Vautrinot Suzanne M, worth $110,880.

Js Capital Management Llc, which manages about $206.96 million US Long portfolio, upped its stake in Microsoft Corp (NASDAQ:MSFT) by 40,000 shares to 124,000 shares, valued at $10.61 million in 2017Q4, according to the filing. It also increased its holding in Interxion Holding N.V (NYSE:INXN) by 10,000 shares in the quarter, for a total of 95,000 shares, and has risen its stake in Bank Amer Corp (NYSE:BAC).

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 Seekingalpha.com with their article: “Symantec: Parsing The Details” published on May 15, 2018, Globenewswire.com published: “KASKELA LAW LLC: Important Deadline Established in Shareholder Class Action Lawsuit Against Symantec Corp …” on May 18, 2018. More interesting news about Symantec Corporation (NASDAQ:SYMC) were released by: Seekingalpha.com and their article: “Symantec -25.5% as analysts downgrade on audit investigation” published on May 11, 2018 as well as Businesswire.com‘s news article titled: “SYMC LOSS NOTICE: Rosen Law Firm Continues to Investigate Civil Securities Claims Against Symantec Corporation” with publication date: May 17, 2018.

Symantec Corporation (NASDAQ:SYMC) Institutional Positions Chart

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