Tech

Seagate Technology PLC (STX) Price Target Raised to $40.00

Seagate Technology PLC (STX) Price Target Raised to $40.00

3,808,700 shares of the company's stock were exchanged, compared to its average volume of 7,015,986. The hedge fund run by Jeffrey Ubben held 21.46M shares of the electronic components company at the end of 2017Q3, valued at $711.78 million, up from 13.82 million at the end of the previous reported quarter. Seagate Technology's quarterly revenue was down 5.9% on a year-over-year basis. The stock presently has a consensus rating of Hold and an average price target of $41.90. Given that liquidity is king in short-term, STX is a stock with 287.3 million shares outstanding that normally trades 14.78% of its float. Financial Service stated it has 0% in Seagate Technology plc (NASDAQ:STX). It has outperformed by 90.46% the S&P500.

Vigilant Capital Management Llc decreased its stake in Nxp Semiconductors Nv (NXPI) by 83.24% based on its latest 2017Q3 regulatory filing with the SEC. Assetmark Inc. now owns 3,426 shares of the data storage provider's stock valued at $132,000 after buying an additional 1,357 shares during the last quarter. Vigilant Capital Management Llc who had been investing in Nxp Semiconductors Nv for a number of months, seems to be less bullish one the $40.13B market cap company. The stock decreased 1.09% or $0.52 during the last trading session, reaching $47.15.

Technical traders may be looking at recent indicator levels on shares of Presbia Plc Ord Shs (LENS). It has underperformed by 6.08% the S&P500. Therefore 24% are positive. Seagate Technology Plc had 125 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Thursday, October 8 with "Outperform". Maxim Group reaffirmed a "hold" rating and issued a $44.00 price target (up previously from $43.00) on shares of Seagate Technology in a research report on Tuesday. Brean Capital maintained the shares of STX in report on Monday, August 3 with "Buy" rating. The company was upgraded on Tuesday, October 11 by Benchmark. The stock has "Underweight" rating by Barclays Capital on Tuesday, October 24. On Thursday, January 26 the stock rating was maintained by Cowen & Co with "Outperform". The rating was maintained by CLSA with "Buy" on Wednesday, April 27. During the same quarter last year, the company earned $0.99 EPS. equities research analysts anticipate that Seagate Technology will post 4 earnings per share for the current year. It also increased its holding in Red Hat Inc (NYSE:RHT) by 148,221 shares in the quarter, for a total of 258,681 shares, and has risen its stake in Ptc Inc (NASDAQ:PTC).

Short interest, or the number of a stock's tradable shares now being shorted, is another metric investors use to get a pulse on sentiment. In the past 13-year record, this ratio went down as low as 0.14 and as high as 1.63. It dropped, as 73 investors sold Seagate Technology plc shares while 163 reduced holdings. 57 funds opened positions while 126 raised stakes. Bancorporation Of Montreal Can holds 0.05% or 1.55 million shares. 22,975 were reported by Sumitomo Mitsui Asset Com. Balentine LLC raised its stake in shares of Seagate Technology by 56.8% during the 3rd quarter. Tcw Group Inc reported 0.09% stake. Berkshire Asset Mgmt Limited Liability Pa invested in 7,816 shares or 0.03% of the stock. Comerica Comml Bank has 0.02% invested in Seagate Technology plc (NASDAQ:STX).

Recent insider trends for Seagate Technology plc (NASDAQ:STX) have caught the attention of investors.

The stock decreased 1.30% or $1.99 during the last trading session, reaching $151.61. State Of Wisconsin Invest Board holds 276,744 shares. Point72 Asia (Hong Kong) Ltd owns 2,761 shares. Conning Inc holds 0.03% or 31,923 shares in its portfolio.

Cap Guardian Tru Com reported 200 shares. Strs Ohio reported 365,206 shares. The firm has "Buy" rating by Drexel Hamilton given on Wednesday, October 26. Norinchukin Bancorporation The reported 25,783 shares or 0.02% of all its holdings.

More news: Confidence in United Continental (NYSE:UAL) Shares by Citigroup Rise

Since August 1, 2017, it had 0 buys, and 4 insider sales for $2.49 million activity. 7,909 Seagate Technology plc (NASDAQ:STX) shares with value of $316,360 were sold by MORTON DAVID H JR. 44,944 shares were sold by BRACE PHILIP G, worth $1.67M.

Investors sentiment increased to 1.11 in 2017 Q3. Its down 0.40, from 1.41 in 2017Q2.

Investors also need to beware of the GameStop Corp. 78 funds opened positions while 352 raised stakes. Vanguard Gru accumulated 2.48% or 344.59M shares. Sumitomo Mitsui Hldgs Inc invested in 2.01M shares or 0.24% of the stock. (NASDAQ:AAPL). Signaturefd Limited Company reported 1.05% of its portfolio in Apple Inc. Vident Advisory Lc holds 0.02% or 8,944 shares in its portfolio. Bancorpsouth has invested 0.06% in Danaher Corporation (NYSE:DHR). Cohen Lawrence B reported 42,975 shares. 36,975 were reported by Paloma Prns Mngmt. 246,000 are held by Sentinel Asset Mgmt. Deroy Devereaux Private Counsel Inc has invested 2.71% in Apple Inc. First Financial Corporation In holds 1,000 shares. King William also sold $3.62 million worth of Danaher Corporation (NYSE:DHR) shares. Following the sale, the insider now owns 33,069 shares of the company's stock, valued at $1,216,608.51. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Therefore 77% are positive. The firm earned "Neutral" rating on Monday, June 27 by Bank of America. On Wednesday, August 31 the stock rating was maintained by RBC Capital Markets with "Sector Perform". The company was maintained on Monday, September 19 by UBS.

Despite the fact that a low P/E ratio may make a stock look like a good buy, factoring in the company's growth rate to get the stock's PEG ratio can tell a different story.

Seagate Technology (NASDAQ:STX)'s stock had its "market perform" rating reiterated by Wells Fargo & Co in a report released on Tuesday. Mizuho initiated the stock with "Neutral" rating in Friday, December 11 report. The company was maintained on Friday, October 6 by Morgan Stanley. (NASDAQ:AAPL) rating on Tuesday, September 19. The firm has "Buy" rating given on Thursday, August 10 by Stifel Nicolaus.

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