This Metric Says You Are Smart to Sell Symantec Corporation (NASDAQ:SYMC)

Symantec Corporation (NASDAQ:SYMC) has seen a decrease in hedge fund interest lately.

In the 21st century investor’s toolkit, there are dozens of metrics market participants can use to monitor the equity markets. A couple of the most useful are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the best money managers can beat the S&P 500 by a very impressive amount (see just how much).

Just as beneficial, bullish insider trading sentiment is another way to parse down the marketplace. Just as you’d expect, there are plenty of motivations for a corporate insider to drop shares of his or her company, but only one, very clear reason why they would behave bullishly. Plenty of empirical studies have demonstrated the impressive potential of this method if investors understand what to do (learn more here).

With these “truths” under our belt, we’re going to take a look at the latest action encompassing Symantec Corporation (NASDAQ:SYMC).

What have hedge funds been doing with Symantec Corporation (NASDAQ:SYMC)?

At year’s end, a total of 28 of the hedge funds we track were bullish in this stock, a change of -10% from the third quarter. With the smart money’s sentiment swirling, there exists a few noteworthy hedge fund managers who were boosting their stakes meaningfully.

Of the funds we track, Citadel Investment Group, managed by Ken Griffin, holds the largest position in Symantec Corporation (NASDAQ:SYMC). Citadel Investment Group has a $236 million position in the stock, comprising 0.4% of its 13F portfolio. The second largest stake is held by SAC Capital Advisors, managed by Steven Cohen, which held a $154 million position; the fund has 0.8% of its 13F portfolio invested in the stock. Other hedgies that are bullish include Dan Loeb’s Third Point, Peter Adam Hochfelder’s Brahman Capital and Cliff Asness’s AQR Capital Management.

Since Symantec Corporation (NASDAQ:SYMC) has witnessed bearish sentiment from the smart money, we can see that there is a sect of money managers that slashed their full holdings at the end of the year. Intriguingly, Robert Emil Zoellner’s Alpine Associates sold off the largest position of the “upper crust” of funds we watch, valued at an estimated $46 million in stock.. Anand Parekh’s fund, Alyeska Investment Group, also dumped its stock, about $14 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest was cut by 3 funds at the end of the year.

What do corporate executives and insiders think about Symantec Corporation (NASDAQ:SYMC)?

Insider buying is at its handiest when the primary stock in question has experienced transactions within the past half-year. Over the last six-month time frame, Symantec Corporation (NASDAQ:SYMC) has experienced zero unique insiders purchasing, and 8 insider sales (see the details of insider trades here).

With the returns demonstrated by Insider Monkey’s time-tested strategies, retail investors must always pay attention to hedge fund and insider trading activity, and Symantec Corporation (NASDAQ:SYMC) applies perfectly to this mantra.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!