Sanders Capital Lifted Its Lennar (LEN) Position by $166.52 Million as Market Value Declined; As Symantec (SYMC) Share Value Declined, Cambiar Investors Decreased by $385,150 Its Holding

June 14, 2018 - By Maria Brooks

Lennar Corporation (NYSE:LEN) Logo

Cambiar Investors Llc decreased its stake in Symantec Corp (SYMC) by 0.74% based on its latest 2018Q1 regulatory filing with the SEC. Cambiar Investors Llc sold 15,406 shares as the company’s stock declined 22.66% with the market. The institutional investor held 2.07M shares of the prepackaged software company at the end of 2018Q1, valued at $53.58M, down from 2.09 million at the end of the previous reported quarter. Cambiar Investors Llc who had been investing in Symantec Corp for a number of months, seems to be less bullish one the $13.28B market cap company. The stock increased 0.38% or $0.08 during the last trading session, reaching $21.36. About 2.83M shares traded. Symantec Corporation (NASDAQ:SYMC) has declined 29.68% since June 14, 2017 and is downtrending. It has underperformed by 42.25% the S&P500. Some Historical SYMC News: 09/05/2018 – MeasuredRisk Appoints Former Symantec Executive, WholeSecurity Founder and CTO Tony Alagna as Chief Technology Officer to Join the World’s Leading Al Powered Risk lnference Pioneer; 13/03/2018 – Malwarebytes could consider IPO in 12 months – CEO; 11/05/2018 – Lawyers for investors say they are investigating whether Symantec “may have issued materially misleading business information to the investing public.”; 23/05/2018 – The Klein Law Firm Reminds Investors of an Investigation Concerning Possible Violations of Federal Securities Laws by Symantec; 19/03/2018 – FINJAN HOLDINGS- ON MARCH 19, UNIT OF CO RECEIVED $65 MLN PAYMENT DUE FROM SYMANTEC CORP UNDER CONFIDENTIAL PATENT LICENSE AND SETTLEMENT AGREEMENT; 14/05/2018 – SYMANTEC PROVIDES ADDITIONAL INFORMATION ON INVESTIGATION; 13/03/2018 CAFC: TRUSTEES OF COLUMBIA v. SYMANTEC CORPORATION [RULE 36 JUDGMENT] – Appeal #16-2551 – 2018-03-13; 23/05/2018 – SYMANTEC TO OPEN NEW PRIVACY & DATA PROTECTION LAB IN GERMANY; 14/05/2018 – Symantec provides a little more clarity on internal probe; 10/05/2018 – Symantec Sees 1Q EPS 31c-EPS 35c

Sanders Capital Llc increased its stake in Lennar Corp (LEN) by 39.33% based on its latest 2018Q1 regulatory filing with the SEC. Sanders Capital Llc bought 2.60 million shares as the company’s stock declined 10.19% with the market. The institutional investor held 9.22 million shares of the homebuilding company at the end of 2018Q1, valued at $594.57M, up from 6.62M at the end of the previous reported quarter. Sanders Capital Llc who had been investing in Lennar Corp for a number of months, seems to be bullish on the $17.06B market cap company. The stock increased 0.98% or $0.51 during the last trading session, reaching $53.01. About 4.33M shares traded or 6.86% up from the average. Lennar Corporation (NYSE:LEN) has risen 5.00% since June 14, 2017 and is uptrending. It has underperformed by 7.57% the S&P500. Some Historical LEN News: 09/05/2018 – ♫ Reuters Insider – Amazon wants shoppers to try Alexa; 13/04/2018 – CFO Moves: Lennar, Cisco Systems; 27/03/2018 – Lennar Plans to Use New Tech for Mortgage Applications; 12/04/2018 – LENNAR CORP – RICK BECKWITT HAS BEEN ELECTED AS NEW CHIEF EXECUTIVE OFFICER OF LENNAR; 04/04/2018 – Lennar 1Q Rev $2.98B; 11/04/2018 – Lennar Corporation Declares Quarterly Dividends; 04/04/2018 – Lennar 1Q EPS 53c; 04/04/2018 – LENNAR – ENGAGED WELLS FARGO SECURITIES, DEUTSCHE BANK SECURITIES TO ADVISE ABOUT STRATEGIC ALTERNATIVES; 12/04/2018 – Lennar Names Oper Chief Jon Jaffe to Added President Post; 05/04/2018 – ADVISORY-Ignore dated UBS research alert on Lennar Corp

Among 26 analysts covering Lennar (NYSE:LEN), 23 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Lennar had 74 analyst reports since September 22, 2015 according to SRatingsIntel. Mizuho downgraded the shares of LEN in report on Tuesday, September 19 to “Neutral” rating. The stock has “Outperform” rating by Wood on Wednesday, March 30. The rating was maintained by RBC Capital Markets on Monday, October 30 with “Buy”. Keefe Bruyette & Woods maintained Lennar Corporation (NYSE:LEN) rating on Thursday, December 21. Keefe Bruyette & Woods has “Buy” rating and $74.0 target. The firm has “Outperform” rating given on Thursday, April 5 by Credit Suisse. Keefe Bruyette & Woods maintained the shares of LEN in report on Monday, August 28 with “Buy” rating. Citigroup maintained the shares of LEN in report on Thursday, April 5 with “Buy” rating. The firm has “Buy” rating by Maxim Group given on Wednesday, May 23. The rating was upgraded by UBS to “Buy” on Friday, January 15. The company was upgraded on Wednesday, February 7 by Barclays Capital.

Investors sentiment increased to 2.09 in 2018 Q1. Its up 0.84, from 1.25 in 2017Q4. It increased, as 50 investors sold LEN shares while 100 reduced holdings. 92 funds opened positions while 221 raised stakes. 274.75 million shares or 32.49% more from 207.37 million shares in 2017Q4 were reported. Cna Corporation holds 0.63% or 50,000 shares in its portfolio. Third Point Limited Liability Com accumulated 6.28M shares. Hanson Mcclain has 303 shares. Toth Fincl Advisory accumulated 325 shares. Exxonmobil Investment Management Tx owns 41,804 shares for 0.07% of their portfolio. Andra Ap invested 0.12% of its portfolio in Lennar Corporation (NYSE:LEN). Bamco Ny has 311,809 shares for 0.08% of their portfolio. Norinchukin Natl Bank The has 0.02% invested in Lennar Corporation (NYSE:LEN). Guardian Life Insurance Of America stated it has 0.01% in Lennar Corporation (NYSE:LEN). Cibc World Mkts accumulated 52,042 shares or 0.03% of the stock. Minnesota-based Ameriprise Fincl Inc has invested 0.01% in Lennar Corporation (NYSE:LEN). Third Avenue Management Limited Com invested in 2.64 million shares. Lord Abbett & Communication Ltd Liability Corporation has 0.26% invested in Lennar Corporation (NYSE:LEN) for 1.47 million shares. Cornerstone Inc holds 0.01% or 135 shares. Research Glob Investors has 100,000 shares.

Since January 2, 2018, it had 0 insider purchases, and 16 selling transactions for $22.28 million activity. 2,089 shares were sold by Gilliam Theron I, worth $131,565 on Friday, April 6. Another trade for 2,500 shares valued at $157,450 was made by HUDSON SHERRILL W on Friday, April 6. Shares for $157,450 were sold by GERARD STEVEN L on Friday, April 6. SONNENFELD JEFFREY had sold 2,095 shares worth $131,943 on Friday, April 6. The insider SUSTANA MARK sold $8.69 million. 10,000 shares were sold by BESSETTE DIANE J, worth $695,000 on Tuesday, January 16.

Sanders Capital Llc, which manages about $15.69 billion and $19.51 billion US Long portfolio, decreased its stake in D R Horton Inc (NYSE:DHI) by 1.19 million shares to 13.89M shares, valued at $651.74M in 2018Q1, according to the filing. It also reduced its holding in Raytheon Co (NYSE:RTN) by 2,000 shares in the quarter, leaving it with 1.10 million shares, and cut its stake in Fifth Third Bancorp (NASDAQ:FITB).

More important recent Lennar Corporation (NYSE:LEN) news were published by: Bizjournals.com which released: “Fintech Opendoor raises $325 million from heavy hitters to fuel national expansion” on June 13, 2018, also Streetinsider.com published article titled: “US homebuilders fall as rate hike looms”, Bizjournals.com published: “San Francisco Shipyard releases new homes amid controversy over botched environmental cleanup. Will buyers come?” on June 14, 2018. More interesting news about Lennar Corporation (NYSE:LEN) was released by: Streetinsider.com and their article: “Lennar Corp. (LEN) June option implied volatility ticks up as shares sell off as Fed raises rates” with publication date: June 13, 2018.

Analysts await Symantec Corporation (NASDAQ:SYMC) to report earnings on August, 1. They expect $0.15 EPS, 0.00% or $0.00 from last year’s $0.15 per share. SYMC’s profit will be $93.23M for 35.60 P/E if the $0.15 EPS becomes a reality. After $0.26 actual EPS reported by Symantec Corporation for the previous quarter, Wall Street now forecasts -42.31% negative EPS growth.

Since March 5, 2018, it had 0 insider buys, and 3 sales for $2.63 million activity. 41,284 shares valued at $1.14 million were sold by TAYLOR SCOTT C on Monday, April 16. Rosch Francis C sold 51,899 shares worth $1.38 million.

Investors sentiment increased to 0.99 in 2018 Q1. Its up 0.07, from 0.92 in 2017Q4. It is positive, as 53 investors sold SYMC shares while 134 reduced holdings. 56 funds opened positions while 130 raised stakes. 534.82 million shares or 2.43% less from 548.16 million shares in 2017Q4 were reported. 566 are owned by Enterprise Financial. Afam has invested 0.71% in Symantec Corporation (NASDAQ:SYMC). State Of Alaska Department Of Revenue, a Alaska-based fund reported 113,261 shares. Cibc Mkts Inc holds 0% of its portfolio in Symantec Corporation (NASDAQ:SYMC) for 42,314 shares. Vanguard Group has 0.07% invested in Symantec Corporation (NASDAQ:SYMC) for 63.88 million shares. Schwab Charles has invested 0.05% in Symantec Corporation (NASDAQ:SYMC). Comerica Bancorp holds 0.03% of its portfolio in Symantec Corporation (NASDAQ:SYMC) for 149,232 shares. New England Mngmt invested in 28,850 shares or 0.5% of the stock. Stratos Wealth Ptnrs Ltd stated it has 0% of its portfolio in Symantec Corporation (NASDAQ:SYMC). Paradigm Capital Mngmt Inc New York stated it has 106,000 shares or 0.23% of all its holdings. Glob X Management Co holds 0.01% or 14,571 shares. The California-based San Francisco Sentry Investment Grp Inc (Ca) has invested 0% in Symantec Corporation (NASDAQ:SYMC). Fmr Ltd Co reported 2.96 million shares stake. Koch Indus invested in 39,454 shares. New Mexico Educational Retirement Board holds 0.06% of its portfolio in Symantec Corporation (NASDAQ:SYMC) for 59,097 shares.

More notable recent Symantec Corporation (NASDAQ:SYMC) news were published by: Investingnews.com which released: “3 Cybersecurity ETFs For Investors” on June 14, 2018, also Fool.com with their article: “Is Symantec a Broken Company or a Broken Stock?” published on May 17, 2018, Seekingalpha.com published: “Symantec files to delay its 10-K due to internal investigation” on May 30, 2018. More interesting news about Symantec Corporation (NASDAQ:SYMC) were released by: Globenewswire.com and their article: “Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Symantec Corporation of Class Action …” published on June 10, 2018 as well as Globenewswire.com‘s news article titled: “SYMC NOTICE: Rosen Law Firm Announces First Filed Securities Class Action Lawsuit Against Symantec Corporation …” with publication date: May 19, 2018.

Cambiar Investors Llc, which manages about $8.42 billion and $6.30B US Long portfolio, upped its stake in British Amern Tob Plc (NYSEMKT:BTI) by 567,096 shares to 4.42M shares, valued at $255.04M in 2018Q1, according to the filing. It also increased its holding in Treehouse Foods Inc (NYSE:THS) by 19,032 shares in the quarter, for a total of 729,280 shares, and has risen its stake in Tata Mtrs Ltd (NYSE:TTM).

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. S&P Research maintained Symantec Corporation (NASDAQ:SYMC) on Wednesday, August 12 with “Buy” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, February 1. UBS downgraded the shares of SYMC in report on Thursday, May 18 to “Neutral” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, October 10. Jefferies maintained it with “Hold” rating and $20 target in Tuesday, August 2 report. The firm has “Hold” rating given on Thursday, August 3 by Robert W. Baird. As per Tuesday, December 15, the company rating was upgraded by Morgan Stanley. The stock of Symantec Corporation (NASDAQ:SYMC) has “Buy” rating given on Friday, October 13 by Piper Jaffray. The rating was upgraded by UBS on Monday, June 20 to “Buy”. Barclays Capital maintained Symantec Corporation (NASDAQ:SYMC) rating on Thursday, August 3. Barclays Capital has “Overweight” rating and $36 target.

Lennar Corporation (NYSE:LEN) Institutional Positions Chart

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