Seagate Technology PLC (NASDAQ:STX) Q4 2017 Sentiment Report

April 26, 2018 - By Vivian Currie

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Sentiment for Seagate Technology PLC (NASDAQ:STX)

Seagate Technology PLC (NASDAQ:STX) institutional sentiment increased to 0.89 in Q4 2017. Its up 0.11, from 0.78 in 2017Q3. The ratio has increased, as 189 investment managers started new or increased stock positions, while 213 cut down and sold their equity positions in Seagate Technology PLC. The investment managers in our partner’s database now possess: 244.40 million shares, down from 259.60 million shares in 2017Q3. Also, the number of investment managers holding Seagate Technology PLC in their top 10 stock positions increased from 2 to 5 for an increase of 3. Sold All: 52 Reduced: 161 Increased: 109 New Position: 80.

Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The company has market cap of $16.61 billion. The firm makes and distributes hard disk drives, solid state drives and their related controllers, solid state hybrid drives, and storage subsystems. It has a 26.52 P/E ratio. The Company’s products are used in enterprise servers and storage systems applications; client compute applications, primarily for desktop and mobile computing; and client non-compute applications, including various end user devices, such as portable external storage systems, surveillance systems, network-attached storage, digital video recorders, and gaming consoles.

The stock increased 0.05% or $0.03 during the last trading session, reaching $58.3. About 2.13 million shares traded. Seagate Technology plc (NASDAQ:STX) has risen 27.74% since April 26, 2017 and is uptrending. It has outperformed by 16.19% the S&P500.

Analysts await Seagate Technology plc (NASDAQ:STX) to report earnings on May, 1 before the open. They expect $1.31 EPS, up 19.09 % or $0.21 from last year’s $1.1 per share. STX’s profit will be $373.11 million for 11.13 P/E if the $1.31 EPS becomes a reality. After $1.48 actual EPS reported by Seagate Technology plc for the previous quarter, Wall Street now forecasts -11.49 % negative EPS growth.

Valueact Holdings L.P. holds 9.08% of its portfolio in Seagate Technology plc for 21.46 million shares. 13D Management Llc owns 307,823 shares or 3.84% of their US portfolio. Moreover, Symons Capital Management Inc has 2.86% invested in the company for 239,748 shares. The Connecticut-based Gilman Hill Asset Management Llc has invested 2.39% in the stock. Jabodon Pt Co, a Nevada-based fund reported 70,019 shares.

Since January 1, 0001, it had 0 insider purchases, and 12 selling transactions for $30.82 million activity.

Seagate Technology plc (NASDAQ:STX) Ratings Coverage

Ratings analysis reveals 31% of Seagate Tech’s analysts are positive. Out of 13 Wall Street analysts rating Seagate Tech, 4 give it “Buy”, 2 “Sell” rating, while 7 recommend “Hold”. The lowest target is $38.0 while the high is $7200. The stock’s average target of $56.23 is -3.55% below today’s ($58.3) share price. STX was included in 21 notes of analysts from November 14, 2017. As per Tuesday, November 14, the company rating was initiated by Wells Fargo. The rating was maintained by RBC Capital Markets with “Hold” on Sunday, April 1. RBC Capital Markets maintained it with “Hold” rating and $55.0 target in Monday, January 29 report. The firm has “Neutral” rating by Citigroup given on Friday, March 9. The rating was maintained by Robert W. Baird on Monday, January 29 with “Hold”. Cowen & Co maintained it with “Hold” rating and $53.0 target in Monday, January 29 report. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, February 23. As per Monday, April 9, the company rating was upgraded by Morgan Stanley. The stock has “Hold” rating by Wells Fargo on Tuesday, January 9. The rating was maintained by Robert W. Baird on Wednesday, January 10 with “Hold”.

Seagate Technology plc (NASDAQ:STX) Ratings Chart

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