Published: Wed, September 13, 2017
Markets | By Noel Gibbs

Firms & Funds Favorite: Seagate Technology plc (NASDAQ:STX)

Firms & Funds Favorite: Seagate Technology plc (NASDAQ:STX)

The Hanlon Investment Management Inc holds 140,955 shares with $5.38 million value, down from 246,649 last quarter. The stock rose 3.26% or $1.01 reaching $31.96 per share. About 314 shares traded. It has outperformed by 28.90% the S&P500.

Seagate Technology public limited company, launched on January 22, 2010, is a provider of electronic data storage technology and solutions. E&G Advisors Lp who had been investing in Boeing Co for a number of months, seems to be less bullish one the $141.41B market cap company. The Fund will invest 80% of its assets in common stocks and other securities of foreign and domestic companies involved in providing products, services, or equipment for the generation or distribution of electricity, gas and water, and telecommunications services or infrastructure activities (the 80% Policy). It has a 46.38 P/E ratio. 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. Bailey Robert J. sold 2,702 shares worth $322,969. The insider Riggs R. Lane sold $2.05 million. Therefore 29% are positive.

Several analysts have released their opinion on Seagate Technology plc (NASDAQ:STX), with 5 analysts believing it is a strong buy. The firm has "Hold" rating by RBC Capital Markets given on Friday, September 1. Cowen & Co downgraded the stock to "Market Perform" rating in Wednesday, September 6 report. Five research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. The firm has "Buy" rating by Maxim Group given on Thursday, October 15. The rating was upgraded by Credit Suisse to "Outperform" on Monday, December 19. The firm has "Sell" rating given on Thursday, April 14 by Citigroup. The company was downgraded on Wednesday, January 6 by Sterne Agee CRT. The stock of Seagate Technology PLC (NASDAQ:STX) earned "Outperform" rating by RBC Capital Markets on Thursday, October 8. The stock of Cameco Corp (USA) (NYSE:CCJ) earned "Underperform" rating by Bank of America on Friday, June 30. The mean target price as estimated by the analysts for the company has been recorded at $38.48.

Investors sentiment decreased to 0.95 in Q4 2016. Its up 0.06, from 1.13 in 2016Q3. It is negative, as 46 investors sold STX shares while 155 reduced holdings.

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These funds have shifted positions in (STX). A total of 6.52 Million shares exchanged at hands and its Average Volume (3 months) is 5.41 Million.

About 1,451 shares traded. 72,878 are owned by Bath Savings. Huntington State Bank has invested 0% of its portfolio in Seagate Technology PLC (NASDAQ:STX). Commonwealth Equity Services holds 0.02% or 81,134 shares in its portfolio. Fuller And Thaler Asset Mngmt invested in 149,505 shares. (NYSE:T). Boston Family Office Ltd Liability Corporation holds 0.31% or 55,312 shares. Wealth Planning Lc holds 0.2% or 5,204 shares in its portfolio. Seagate Technology Plc (Put) now has $9.22B valuation. Ellington Group Ltd Liability stated it has 22,600 shares or 0.13% of all its holdings. Winslow Evans Crocker owns 1,770 shares. Alexandria Limited Com holds 0.5% of its portfolio in AT&T Inc. The stock decreased 2.65% or $0.97 during the last trading session, reaching $35.6. About 7 shares traded.

Seagate Technology PLC (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, January 24th.

Harvey Partners Llc holds 4.02% of its portfolio in Seagate Technology PLC for 100,236 shares. Corporate insiders own 0.87% of the company's stock. The company has its outstanding shares of 291.54M.

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Gwm Advisors LLC divested its investment by shedding 10,800 shares a decrease of 94.7% from 03/31/2017 to 06/30/2017. Pzena Investment Management Llc, a New York-based fund reported 8.31 million shares. The current consensus recommendation provided by covering analysts is 3.00. The stock closing price is now trading downward to its 50 day moving average with change of -10.37%, tumbled to its 20 day moving average with figure of -2.85% and behind its 200 day moving average with value -24.59%. The stock has an average rating of "Hold" and an average target price of $40.06. Benchmark downgraded the shares of STX in report on Thursday, September 3 to "Hold" rating. They issued a buy rating and a $50.00 price target on the stock. The firm has "Buy" rating given on Monday, June 13 by Jefferies. (NYSE:T) earned "Perform" rating by Oppenheimer on Tuesday, November 8. Moreover, Toronto Dominion Bank has 0.01% invested in Seagate Technology PLC (NASDAQ:STX). The stock has "Sell" rating by UBS on Monday, September 19.

Seagate Technology plc (STX) shares fell and closed the day at $30.95, with the percent change of -3.25%. The rating was maintained by FBN Securities on Tuesday, October 11 with "Sector Perform". The stock has "Neutral" rating by JP Morgan on Tuesday, October 11.

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