Will Symantec’s Better Than Expected Top Line Growth Animate These Top Institutional Shareholders?

Symantec Corporation (NASDAQ:SYMC) reported a fiscal year third quarter earnings per share of $0.45 and record revenue of $1.79 billion, beating by $0.07 and $50 million, respectively. “Strength in EMEA, information management and license revenue drove our FX adjusted organic revenue growth of 4%,” said James Beer, Executive Vice President and Chief Financial Officer, Symantec. “Our better than expected top line growth coupled with disciplined expense management drove non-GAAP operating margins of 25.6% even as we are investing in certain areas to better serve our customer needs.”

Will Symantec Corporation’s shareholders increase their holdings? They reported owning a total of 13.599 million shares on 12/31/2012. The shares closed at $18.82 on 12/31/2012.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Here are the ten largest positions in Symantec Corporation at the end of December 31st, 2012.

Mackay Shields LLC. held 5,724,000 shares on 12/31/2012 worth $6,151,000. This brought the portfolio total to 0.31%.

Nordea Investment Management AB held 1,914,073 shares on 12/31/2012 worth $36,022,853. This brought the portfolio total to 0.26%.

Honeywell International Inc. held 846,200 shares on 12/31/2012 worth $15,925,484. This brought the portfolio total to 0.54%.

Channing Capital Management LLC. held 556,529 shares on 12/31/2012 worth $10,473,876. This brought the portfolio total to 1.11%.

Chevy Chase Trust Holdings Inc. held 514,529 shares on 12/31/2012 worth $9,683,436. This brought the portfolio total to 0.09%.

BRC Investment Management LLC. held 487,526 shares on 12/31/2012 worth $9,175,239. This brought the portfolio total to 2.25%.

Texas Permanent School Fund held 383,790 shares on 12/31/2012 worth $7,222,928. This brought the portfolio total to 0.08%.

Oxford Asset Management held 371,052 shares on 12/31/2012 worth $6,983,199. This brought the portfolio total to 0.1%.

Mackay Shields LLC. held 346,200 shares on 12/31/2012 worth $6,515,484. This brought the portfolio total to 0.33%.

Oakbrook investments llc held 325,700 shares on 12/31/2012 worth $6,129,674. This brought the portfolio total to 0.2%.

Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.