National Planning Lowered Holding in Conocophillips (COP) by $402,290 as Share Price Declined; Symantec (SYMC) Shareholder Contour Asset Management Has Boosted Its Holding by $68.51 Million as Stock Rose

January 18, 2018 - By Nellie Frank

National Planning Corp decreased its stake in Conocophillips (COP) by 24.23% based on its latest 2017Q3 regulatory filing with the SEC. National Planning Corp sold 8,210 shares as the company’s stock declined 0.06% while stock markets rallied. The institutional investor held 25,674 shares of the integrated oil company at the end of 2017Q3, valued at $1.26 million, down from 33,884 at the end of the previous reported quarter. National Planning Corp who had been investing in Conocophillips for a number of months, seems to be less bullish one the $71.60 billion market cap company. The stock increased 0.05% or $0.03 during the last trading session, reaching $59.89. About 1.49 million shares traded. ConocoPhillips (NYSE:COP) has risen 9.50% since January 18, 2017 and is uptrending. It has underperformed by 7.20% the S&P500.

Contour Asset Management Llc increased its stake in Symantec Corp (SYMC) by 373.64% based on its latest 2017Q3 regulatory filing with the SEC. Contour Asset Management Llc bought 2.14 million shares as the company’s stock rose 0.76% with the market. The hedge fund held 2.71M shares of the prepackaged software company at the end of 2017Q3, valued at $89.05 million, up from 573,000 at the end of the previous reported quarter. Contour Asset Management Llc who had been investing in Symantec Corp for a number of months, seems to be bullish on the $16.73B market cap company. The stock decreased 1.94% or $0.53 during the last trading session, reaching $26.99. About 6.06 million shares traded or 2.54% up from the average. Symantec Corporation (NASDAQ:SYMC) has risen 71.82% since January 18, 2017 and is uptrending. It has outperformed by 55.12% the S&P500.

Since August 7, 2017, it had 0 buys, and 16 selling transactions for $47.91 million activity. Sands Anita M sold $67,016 worth of Symantec Corporation (NASDAQ:SYMC) on Monday, September 18. $147,836 worth of Symantec Corporation (NASDAQ:SYMC) was sold by Cappellanti-Wolf Amy L.. The insider Divol Roxane sold 15,111 shares worth $499,352. 14,804 shares were sold by Rosch Francis C, worth $443,935 on Friday, September 1. Shares for $82,025 were sold by Vautrinot Suzanne M. $447,750 worth of Symantec Corporation (NASDAQ:SYMC) was sold by Noviello Nicholas R.

Investors sentiment decreased to 0.86 in Q3 2017. Its down 0.09, from 0.95 in 2017Q2. It dropped, as 48 investors sold SYMC 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. Glenmede Na holds 18,877 shares or 0% of its portfolio. Cwm Limited Company invested in 103 shares or 0% of the stock. Paloma Partners Management holds 0.02% of its portfolio in Symantec Corporation (NASDAQ:SYMC) for 38,979 shares. Nordea Investment accumulated 137,774 shares or 0.01% of the stock. Livforsakringsbolaget Skandia Omsesidigt invested in 0.03% or 11,845 shares. Moreover, Meag Munich Ergo Kapitalanlagegesellschaft Mbh has 0.03% invested in Symantec Corporation (NASDAQ:SYMC). 450,000 are held by Myriad Asset. Kentucky Retirement Sys, Kentucky-based fund reported 37,347 shares. Srs Invest Management Limited Company holds 4.7% or 6.94 million shares. Ci Investments Inc reported 5.18 million shares. Moreover, Commonwealth Bancorp Of Australia has 0.03% invested in Symantec Corporation (NASDAQ:SYMC). Kenmare Cap Prns Limited Co owns 65,842 shares or 2.68% of their US portfolio. New Mexico Educational Retirement Board, New Mexico-based fund reported 56,497 shares. Duncker Streett & holds 3,000 shares or 0.03% of its portfolio. San Francisco Sentry Invest Grp Incorporated (Ca) invested in 100 shares or 0% of the stock.

Contour Asset Management Llc, which manages about $2.80 billion and $1.78B US Long portfolio, decreased its stake in Netflix Inc (Call) (NASDAQ:NFLX) by 81,200 shares to 495,600 shares, valued at $89.88M in 2017Q3, according to the filing. It also reduced its holding in Grubhub Inc (NYSE:GRUB) by 1.80M shares in the quarter, leaving it with 530,183 shares, and cut its stake in Workday Inc (Call) (NYSE:WDAY).

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. Oppenheimer maintained the stock with “Outperform” rating in Thursday, November 2 report. Morgan Stanley reinitiated the shares of SYMC in report on Monday, August 15 with “Overweight” rating. On Monday, March 21 the stock rating was reinitiated by Goldman Sachs with “Neutral”. The stock of Symantec Corporation (NASDAQ:SYMC) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, January 20. The firm has “Hold” rating given on Thursday, August 3 by Robert W. Baird. As per Monday, September 11, the company rating was maintained by Piper Jaffray. As per Wednesday, November 2, the company rating was maintained by M Partners. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, July 17. The rating was maintained by Jefferies on Tuesday, August 2 with “Hold”. Argus Research downgraded Symantec Corporation (NASDAQ:SYMC) on Friday, December 4 to “Hold” rating.

Among 25 analysts covering ConocoPhillips (NYSE:COP), 17 have Buy rating, 1 Sell and 7 Hold. Therefore 68% are positive. ConocoPhillips had 83 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Cowen & Co on Friday, March 31. The rating was maintained by Barclays Capital on Tuesday, January 12 with “Overweight”. The firm has “Outperform” rating by Wells Fargo given on Friday, October 27. On Monday, July 11 the stock rating was upgraded by JP Morgan to “Neutral”. The firm has “Outperform” rating by Cowen & Co given on Monday, December 12. The stock of ConocoPhillips (NYSE:COP) has “Sector Perform” rating given on Friday, February 5 by Howard Weil. The firm has “Neutral” rating given on Wednesday, April 19 by Guggenheim. The stock has “Buy” rating by RBC Capital Markets on Thursday, August 24. The firm earned “Outperform” rating on Monday, October 31 by RBC Capital Markets. CLSA downgraded the stock to “Underperform” rating in Tuesday, November 15 report.

National Planning Corp, which manages about $489.05M US Long portfolio, upped its stake in Intercept Pharmaceuticals In (NASDAQ:ICPT) by 18,895 shares to 71,090 shares, valued at $4.68 million in 2017Q3, according to the filing. It also increased its holding in British Amern Tob Plc (NYSEMKT:BTI) by 29,391 shares in the quarter, for a total of 34,198 shares, and has risen its stake in Broadcom Ltd.

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