Meru Capital Group LP Trimmed Symantec (SYMC) Stake; Black Creek Investment Management Lowered Grupo Financiero Santander M (BSMX) Stake By $4.85 Million

October 13, 2017 - By Louis Casey

Meru Capital Group Lp decreased Symantec Corp (SYMC) stake by 92.31% reported in 2017Q2 SEC filing. Meru Capital Group Lp sold 360,000 shares as Symantec Corp (SYMC)’s stock rose 0.76%. The Meru Capital Group Lp holds 30,000 shares with $848,000 value, down from 390,000 last quarter. Symantec Corp now has $19.88B valuation. The stock rose 1.41% or $0.45 reaching $32.35. About 2.09 million shares traded. Symantec Corporation (NASDAQ:SYMC) has risen 71.82% since October 13, 2016 and is uptrending. It has outperformed by 55.12% the S&P500.

Black Creek Investment Management Inc decreased Grupo Financiero Santander M (BSMX) stake by 2.61% reported in 2017Q2 SEC filing. Black Creek Investment Management Inc sold 539,191 shares as Grupo Financiero Santander M (BSMX)’s stock rose 26.32%. The Black Creek Investment Management Inc holds 20.10M shares with $193.77 million value, down from 20.64M last quarter. Grupo Financiero Santander M now has $12.96 billion valuation. The stock declined 0.11% or $0.01 reaching $9.48 per share. About 1.51 million shares traded. Santander Mexico Fincl Gp SAB deCV (ADR) (NYSE:BSMX) has risen 7.22% since October 13, 2016 and is uptrending. It has underperformed by 9.48% the S&P500.

Among 28 analysts covering Symantec (NASDAQ:SYMC), 10 have Buy rating, 1 Sell and 17 Hold. Therefore 36% are positive. Symantec had 74 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of Symantec Corporation (NASDAQ:SYMC) earned “Hold” rating by Standpoint Research on Monday, October 9. The stock has “Hold” rating by Evercore on Friday, June 9. Barclays Capital maintained the shares of SYMC in report on Thursday, August 3 with “Overweight” rating. The rating was initiated by BTIG Research with “Neutral” on Thursday, September 10. Jefferies maintained it with “Hold” rating and $3000 target in Thursday, June 8 report. As per Thursday, May 18, the company rating was downgraded by UBS. As per Friday, August 5, the company rating was maintained by RBC Capital Markets. As per Tuesday, September 13, the company rating was upgraded by Wunderlich. The company was downgraded on Friday, May 19 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, January 30 report.

Since May 15, 2017, it had 0 insider purchases, and 8 sales for $4.36 million activity. $111,890 worth of stock was sold by Cappellanti-Wolf Amy L. on Monday, June 5. Shares for $342,626 were sold by Garfield Mark S.. The insider Noviello Nicholas R sold 27,741 shares worth $900,154. $421,805 worth of Symantec Corporation (NASDAQ:SYMC) shares were sold by TAYLOR SCOTT C. Another trade for 2,000 shares valued at $60,326 was made by Sands Anita M on Wednesday, May 17. 47,344 shares were sold by Rosch Francis C, worth $1.43M. $560,916 worth of Symantec Corporation (NASDAQ:SYMC) shares were sold by Divol Roxane.

Investors sentiment increased to 0.95 in Q2 2017. Its up 0.14, from 0.81 in 2017Q1. It is positive, as 54 investors sold SYMC shares while 167 reduced holdings. 65 funds opened positions while 146 raised stakes. 554.80 million shares or 1.02% less from 560.54 million shares in 2017Q1 were reported. Hanson Mcclain reported 835 shares. Petrus Tru Co Lta has 378,200 shares. Cornerstone Advisors, a Washington-based fund reported 190 shares. Moreover, Managed Asset Portfolios Llc has 2.75% invested in Symantec Corporation (NASDAQ:SYMC) for 294,845 shares. Cubist Systematic Strategies Lc holds 0.07% or 40,339 shares in its portfolio. 131,171 are held by Cibc Markets Corporation. Ny State Teachers Retirement Systems reported 996,722 shares stake. The California-based First Quadrant LP Ca has invested 0.03% in Symantec Corporation (NASDAQ:SYMC). State Of Alaska Department Of Revenue reported 18,141 shares or 0.03% of all its holdings. Morgan Stanley invested 0.04% of its portfolio in Symantec Corporation (NASDAQ:SYMC). Howe And Rusling Incorporated has invested 0% in Symantec Corporation (NASDAQ:SYMC). 295,006 were accumulated by Ajo L P. Profit Investment Mngmt Lc holds 0.28% of its portfolio in Symantec Corporation (NASDAQ:SYMC) for 11,097 shares. Moreover, Guggenheim Ltd Liability Corporation has 0.14% invested in Symantec Corporation (NASDAQ:SYMC) for 1.86M shares. Rech Glob Invsts invested in 0.13% or 14.31M shares.

Analysts await Symantec Corporation (NASDAQ:SYMC) to report earnings on November, 2. They expect $0.26 EPS, up 73.33% or $0.11 from last year’s $0.15 per share. SYMC’s profit will be $159.78 million for 31.11 P/E if the $0.26 EPS becomes a reality. After $0.15 actual EPS reported by Symantec Corporation for the previous quarter, Wall Street now forecasts 73.33% EPS growth.

Among 6 analysts covering Banco Santander Mexico (NYSE:BSMX), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Banco Santander Mexico had 9 analyst reports since July 21, 2015 according to SRatingsIntel. The company was upgraded on Friday, May 5 by JP Morgan. The firm has “Sell” rating by Goldman Sachs given on Friday, September 23. As per Monday, October 26, the company rating was upgraded by Citigroup. The firm has “Outperform” rating by Credit Suisse given on Tuesday, October 13. The firm earned “Neutral” rating on Tuesday, July 21 by Goldman Sachs. As per Thursday, August 4, the company rating was downgraded by JP Morgan. The company was upgraded on Friday, October 30 by JP Morgan. The rating was upgraded by Bank of America on Monday, January 11 to “Neutral”. The stock of Santander Mexico Fincl Gp SAB deCV (ADR) (NYSE:BSMX) earned “Neutral” rating by UBS on Wednesday, September 7.

Black Creek Investment Management Inc increased Inovalon Hldgs Inc stake by 1.15 million shares to 10.93M valued at $143.67 million in 2017Q2. It also upped Agrium Inc (NYSE:AGU) stake by 148,224 shares and now owns 454,831 shares. Haemonetics Corp (NYSE:HAE) was raised too.

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