Discussion stirs around Seagate Technology plc (NASDAQ:STX) this week; here is what analysts are saying.

May 11, 2018 - By Ellis Scott

Seagate Technology plc (NASDAQ:STX) LogoInvestors sentiment increased to 0.89 in Q4 2017. Its up 0.11, from 0.78 in 2017Q3. It is positive, as 52 investors sold Seagate Technology plc shares while 161 reduced holdings. 80 funds opened positions while 109 raised stakes. 244.40 million shares or 5.86% less from 259.60 million shares in 2017Q3 were reported.
The Connecticut-based Cubist Systematic Strategies Ltd Co has invested 0.04% in Seagate Technology plc (NASDAQ:STX). Tudor Investment Corporation Et Al holds 0.02% of its portfolio in Seagate Technology plc (NASDAQ:STX) for 14,691 shares. Savings Bank Of The West has 25,744 shares for 0.13% of their portfolio. Iridian Asset Mngmt Limited Liability Corporation Ct has invested 0.01% of its portfolio in Seagate Technology plc (NASDAQ:STX). Kentucky Retirement accumulated 17,841 shares or 0.05% of the stock. Reilly Fincl Advsrs Limited Liability Company has 0% invested in Seagate Technology plc (NASDAQ:STX). Citadel Advsrs Lc stated it has 81,120 shares. British Columbia Mgmt invested 0.03% in Seagate Technology plc (NASDAQ:STX). Hancock Hldgs reported 37,722 shares or 0.07% of all its holdings. American Tx has invested 0.12% of its portfolio in Seagate Technology plc (NASDAQ:STX). Brookstone Capital Management owns 0.5% invested in Seagate Technology plc (NASDAQ:STX) for 132,236 shares. Commercial Bank Of America Corporation De has invested 0.01% in Seagate Technology plc (NASDAQ:STX). Jarislowsky Fraser Ltd holds 0.01% of its portfolio in Seagate Technology plc (NASDAQ:STX) for 21,890 shares. 1,161 were accumulated by Assetmark. Veritable L P holds 0% or 5,477 shares in its portfolio.

Since January 8, 2018, it had 0 buys, and 12 selling transactions for $30.82 million activity. Shares for $218,290 were sold by PARK CHONG SUP. The insider BRACE PHILIP G sold $557,280. MORTON DAVID H JR sold $1.96M worth of stock or 40,263 shares. Geldmacher Jay L sold $235,833 worth of stock. MURPHY JAMES J sold 14,175 shares worth $781,850.

Seagate Technology plc (NASDAQ:STX) Ratings Coverage

Among 15 analysts covering Seagate Tech (NASDAQ:STX), 4 have Buy rating, 2 Sell and 9 Hold. Therefore 27% are positive. Seagate Tech had 26 analyst reports since November 14, 2017 according to SRatingsIntel. Barclays Capital maintained the shares of STX in report on Tuesday, March 27 with “Underweight” rating. Robert W. Baird maintained the shares of STX in report on Monday, January 29 with “Hold” rating. RBC Capital Markets maintained the stock with “Hold” rating in Monday, January 8 report. The stock has “Hold” rating by Stifel Nicolaus on Friday, February 23. The firm has “Buy” rating given on Tuesday, May 1 by FBN Securities. As per Friday, March 9, the company rating was maintained by Citigroup. RBC Capital Markets maintained Seagate Technology plc (NASDAQ:STX) on Sunday, April 1 with “Hold” rating. The firm has “Hold” rating by Wells Fargo given on Tuesday, January 9. The firm has “Hold” rating by CFRA given on Tuesday, May 1. The firm has “Buy” rating by Morgan Stanley given on Monday, April 9. Below is a list of Seagate Technology plc (NASDAQ:STX) latest ratings and price target changes.

02/05/2018 Broker: Cowen & Co Rating: Hold New Target: $55.0000 Maintain
01/05/2018 Broker: CFRA Rating: Hold Maintain
01/05/2018 Broker: FBN Securities Rating: Buy Upgrade
02/05/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $72 New Target: $73 Maintain
02/05/2018 Broker: Craig Hallum Old Rating: Buy New Rating: Hold Downgrade
09/04/2018 Broker: Morgan Stanley Rating: Buy New Target: $72.0000 Upgrade
01/04/2018 Broker: RBC Capital Markets Rating: Hold New Target: $62.0000 Maintain
27/03/2018 Broker: Barclays Capital Old Rating: Underweight New Rating: Underweight Old Target: $45 New Target: $55 Maintain
22/03/2018 Broker: Loop Capital Old Rating: Buy New Rating: Buy Old Target: $65 New Target: $70 Maintain
20/03/2018 Broker: Susquehanna Rating: Hold New Target: $55.0 Maintain

The stock decreased 0.98% or $0.56 during the last trading session, reaching $56.71. About 2.13M shares traded. Seagate Technology plc (NASDAQ:STX) has risen 27.74% since May 11, 2017 and is uptrending. It has outperformed by 16.19% the S&P500.

Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The company has market cap of $16.28 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 25.8 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.

More important recent Seagate Technology plc (NASDAQ:STX) news were published by: Nasdaq.com which released: “Seagate Technology PLC Stock Drops Despite Strong Q3 Earnings” on May 01, 2018, also Seekingalpha.com published article titled: “Seagate: No Longer The Best Memory Stock”, Seekingalpha.com published: “Seagate Technology 2018 Q3 – Results – Earnings Call Slides” on May 01, 2018. More interesting news about Seagate Technology plc (NASDAQ:STX) was released by: Seekingalpha.com and their article: “Seagate Tech -4.8% on Q3 with narrow revenue beat” with publication date: May 01, 2018.

Seagate Technology plc (NASDAQ:STX) Ratings Chart

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