Institutional Investors Hate on Seagate Technology PLC Falls

14 January, 2018, 20:38 | Author: Sherman Richardson

Benchmark Capital Advisors bought 16,000 shares as the company's stock declined 8.47% while stock markets rallied. Amazon Com Inc now has $628.94 billion valuation. The stock increased 0.97% or $0.78 during the last trading session, reaching $80.87. Following the completion of the transaction, the chief financial officer now directly owns 25,561 shares in the company, valued at $1,022,440. EchoStar Corporation (NASDAQ:SATS) has risen 47.96% since January 13, 2017 and is uptrending. It has outperformed by 57.19% the S&P500.

Seagate Tech Ireland (NASDAQ:STX) had a decrease of 0.7% in short interest. MYTHY's SI was 300 shares in January as released by FINRA. Its down 0.7% from 42.16 million shares previously. With 254,600 avg volume, 13 days are for Xencor Incorporated (NASDAQ:XNCR)'s short sellers to cover XNCR's short positions.

Shares of Seagate Technology (STX) traded up $2.25 during mid-day trading on Friday, reaching $51.26. The shares were sold at an average price of $48.99, for a total value of $4,899,000.00.

Presently, 0.20% shares of Seagate Technology plc (NASDAQ:STX) are owned by insiders with -30.29% six-month change in the insider ownership. It has outperformed by 90.46% the S&P500.

Investors sentiment increased to 0.94 in Q3 2017. Its up 0.56, from 1.17 in 2017Q2. It worsened, as 73 investors sold STX shares while 163 reduced holdings. 76 funds opened positions while 255 raised stakes. Hanson & Doremus Mngmt holds 99,382 shares or 1.15% of its portfolio. Pdts Limited Liability reported 515,636 shares or 0.82% of all its holdings. Victory Capital Inc invested 0.01% in Seagate Technology plc (NASDAQ:STX). Ameritas Prtnrs holds 0.02% or 12,058 shares. Dupont Corporation has 0% invested in Seagate Technology plc (NASDAQ:STX).

Gilman Hill Asset Management Llc increased its stake in Seagate Technology Plc (STX) by 801.91% based on its latest 2017Q3 regulatory filing with the SEC.

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Valueact Holdings L.P. holds 7.13% of its portfolio in Seagate Technology plc for 21.46 million shares. 7,128 shares valued at $418,556 were sold by Johnson Anders N on Wednesday, August 30. Pinnacle Holdings Llc acquired 200 shares as Seagate Technology (STX)'s stock declined 9.82%. Swiss Savings Bank reported 50,300 shares. Levin Cap Strategies Lp accumulated 2.18 million shares. Moreover, Moody Bancshares Trust Division has 0.01% invested in Seagate Technology plc (NASDAQ:STX). Affinity Wealth Management reported 0.17% of its portfolio in Seagate Technology plc (NASDAQ:STX).

Since August 1, 2017, it had 0 insider purchases, and 7 insider sales for $9.91 million activity.

Analysts await Seagate Technology plc (NASDAQ:STX) to report earnings on January, 23. BRACE PHILIP G also sold $1.67 million worth of Seagate Technology plc (NASDAQ:STX) on Friday, October 27. Moyo Dambisa F sold $339,965 worth of stock. Zacks Investment Research raised Seagate Technology from a "hold" rating to a "buy" rating and set a $55.00 price target on the stock in a report on Friday. Therefore 24% are positive. Morgan Stanley had 91 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Sell" rating given on Thursday, October 15 by Benchmark. The firm shows the market capitalization of $14.08 Billion. The firm has "Equal-Weight" rating given on Thursday, September 29 by Barclays Capital.

Pinnacle Holdings Llc decreased Schwab Short (SCHO) stake by 1,209 shares to 2,278 valued at $114.81M in 2017Q3. Ins Co Tx has invested 0.1% in Seagate Technology plc (NASDAQ:STX). The firm has "Buy" rating given on Wednesday, October 12 by Brean Capital. On Thursday, February 25 the stock rating was maintained by Credit Suisse with "Neutral". The company was maintained on Wednesday, January 10 by Robert W. Baird. BMO Capital Markets initiated Seagate Technology plc (NASDAQ:STX) on Friday, December 11 with "Market Perform" rating. Wells Fargo & Co restated a market perform rating and set a $45.00 price objective (up from $38.00) on shares of Seagate Technology in a research report on Tuesday. In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers.

Price-earnings ratio, also known as P/E ratio, is a tool that is used by shareholders to help decide whether they should buy a stock. About 3.27M shares traded. Planet Fitness Inc was reduced too. Insiders have sold 194,744 shares of company stock worth $9,075,320 in the last three months. WILKE JEFFREY A sold $3.25 million worth of Amazon.com, Inc. (NYSE:HUM) or 22,935 shares. Zapolsky David had sold 2,334 shares worth $2.30M. $1.96 million worth of stock was sold by Jassy Andrew R on Tuesday, August 15. Its up 0.24, from 0.86 in 2017Q2. It turned negative, as 73 investors sold AMZN shares while 549 reduced holdings. 26 funds opened positions while 69 raised stakes. Regent Inv Management Llc reported 4,577 shares. Grantham Mayo Van Otterloo And Com Ltd Com invested in 68,400 shares. Sentinel Tru Co Lba invested in 20,385 shares or 0.11% of the stock. Susquehanna International Gp Llp reported 93,921 shares stake. Disciplined Growth Investors Mn invested in 2.43 million shares or 1.69% of the stock. (NYSE:HUM). 11.52M were accumulated by Capital. (NASDAQ:AMZN). Forte Capital Ltd Liability Adv owns 6,899 shares for 2.12% of their portfolio. Point72 Asset Management Limited Partnership invested in 0.01% or 95,823 shares. Hartford Inv Management stated it has 149,313 shares. Four research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Therefore 100% are positive. Craig Hallum upgraded the stock to "Buy" rating in Thursday, November 19 report. The rating was maintained by RBC Capital Markets with "Outperform" on Tuesday, October 20. Needham maintained Aerie Pharmaceuticals, Inc. (NYSE:HUM) on Wednesday, December 6 with "Hold" rating. The company was maintained on Thursday, April 7 by Citigroup. They now have a sector perform rating on the data storage provider's stock.

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