Synnex Corp (NYSE:SNX) Institutional Investors Sentiment Unchanged in Q3 2017

Leslie Hanson
January 20, 2018

Community Bank sold 1,655 shares as the company's stock rose 7.02% with the market. The company had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $4.85 billion. Nokota Management Lp who had been investing in Facebook Inc for a number of months, seems to be bullish on the $516.07 billion market cap company. The stock decreased 0.10% or $0.14 during the last trading session, reaching $134.21. About 456,113 shares traded or 141.10% up from the average. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since January 18, 2017 and is uptrending. It has outperformed by 1.89% the S&P500. Schwab Charles Investment Management Inc. increased its stake in Synnex by 2.1% in the 2nd quarter. Institutional investors own 71.67% of the company's stock. Following the transaction, the director now directly owns 13,922 shares in the company, valued at $1,919,983.02. The company has a market cap of $5,340.00, a P/E ratio of 17.79 and a beta of 1.08. The stock increased 1.05% or $1.4 during the last trading session, reaching $135.01. About 21,248 shares traded. SYNNEX Corporation (NYSE:SNX) has risen 29.93% since January 17, 2017 and is uptrending. It has outperformed by 13.23% the S&P500. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock.

Ratings analysis reveals 55% of SYNNEX's analysts are positive. SYNNEX had 29 analyst reports since August 20, 2015 according to SRatingsIntel. Cowen & Co maintained it with "Buy" rating and $18000 target in Friday, July 14 report. $38,127 worth of SYNNEX Corporation (NYSE:SNX) shares were sold by Witt Marshall. As per Thursday, August 20, the company rating was upgraded by Zacks. The firm earned "Market Perform" rating on Wednesday, June 8 by Raymond James. The firm has "Buy" rating given on Tuesday, March 29 by Citigroup. They issued a "hold" rating and a $137.00 price objective on the stock. As per Tuesday, September 27, the company rating was maintained by Stifel Nicolaus. The firm has "Buy" rating given on Tuesday, January 9 by Stifel Nicolaus. SunTrust maintained it with "Buy" rating and $148.0 target in Wednesday, January 10 report. Riverhead Capital Management LLC now owns 2,098 shares of the business services provider's stock valued at $252,000 after purchasing an additional 898 shares during the last quarter. SunTrust Banks also issued estimates for Synnex's Q2 2018 earnings at $2.41 EPS, Q3 2018 earnings at $2.73 EPS, Q4 2018 earnings at $3.10 EPS, FY2018 earnings at $10.35 EPS, Q1 2019 earnings at $2.44 EPS, Q2 2019 earnings at $2.60 EPS, Q3 2019 earnings at $2.71 EPS and Q4 2019 earnings at $3.48 EPS.

Since January 1, 0001, it had 0 insider buys, and 13 insider sales for $2.18 million activity. POLK DENNIS sold $285,756 worth of stock. The insider LEUNG SIMON sold $19,102. BREIDENBACH FRED A also sold $168,982 worth of SYNNEX Corporation (NYSE:SNX) on Thursday, September 28.

Investors sentiment decreased to 1.08 in Q3 2017. Its up 0.01, from 1.23 in 2017Q2. Colorado-based Advsr Asset Inc has invested 0.01% in SYNNEX Corporation (NYSE:SNX). Sold All: 16 Reduced: 77 Increased: 70 New Position: 30. Walleye Trading Ltd stated it has 700 shares. Company insiders own 3.20% of the company's stock.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by The Lincolnian Online and is the property of of The Lincolnian Online. Comerica Commercial Bank invested in 51,250 shares or 0.05% of the stock. State Board Of Administration Of Florida Retirement Systems reported 238,860 shares. Ing Groep Nv has invested 0.01% in SYNNEX Corporation (NYSE:SNX). Point72 Asia (Hong Kong) Limited invested in 108 shares or 0.01% of the stock. Gemmer Asset Mgmt Limited Liability Co invested 0% of its portfolio in SYNNEX Corporation (NYSE:SNX). Curbstone Management, a New Hampshire-based fund reported 7,150 shares.

Shares of Synnex Corporation (NYSE SNX) opened at $133.61 on Friday. Brown Brothers Harriman And stated it has 525 shares or 0% of all its holdings. Geode Capital Mgmt Limited Com invested 0.01% of its portfolio in SYNNEX Corporation (NYSE:SNX). James Invest Research Incorporated owns 317,824 shares for 1.35% of their portfolio. Hbk Investments LP has 5,800 shares. Finally, Principal Financial Group Inc. boosted its position in shares of Synnex by 1.1% during the 2nd quarter. At present, 0 analysts call it Sell, while 2 think it is Hold. Therefore 47% are positive.

SNX has been the topic of several research analyst reports. The firm earned "Neutral" rating on Monday, February 6 by Wedbush. FBR Capital has "Outperform" rating and $130 target. The rating was maintained by Citigroup on Thursday, April 28 with "Buy". The rating was maintained by Stifel Nicolaus on Wednesday, July 19 with "Hold". Piper Jaffray has "Overweight" rating and $170 target. Raymond James downgraded SYNNEX Corporation (NYSE:SNX) on Wednesday, March 23 to "Underperform" rating. The company now has a consensus rating of Buy and an average target price of $145.38. On Friday, June 24 the stock rating was maintained by Brean Capital with "Buy". Atkins now expects that the business services provider will post earnings of $2.11 per share for the quarter, up from their previous estimate of $2.10. After $2.33 actual earnings per share reported by 3M Company for the previous quarter, Wall Street now forecasts -13.30% negative EPS growth. About 27.99 million shares traded or 59.15% up from the average. (NASDAQ:FEYE) shares with value of $450,000 were sold by King Alexa. As per Friday, September 25, the company rating was maintained by Brean Capital. Lindekugel Jon T sold $92,023 worth of 3M Company (NYSE:MMM) on Tuesday, October 31.

In related news, CEO Kevin M. Murai sold 2,000 shares of the company's stock in a transaction on Tuesday, November 14th. Gangestad Nicholas C had sold 4,004 shares worth $936,291. Zulberti Andrea M sold $206,865 worth of stock.

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