November 16, 2016 - By Darrin Black · 0 Comments
The stock of Seagate Tech Ireland (NASDAQ:STX) registered a decrease of 7.26% in short interest. STX’s total short interest was 32.51 million shares in November as published by FINRA. Its down 7.26% from 35.06M shares, reported previously. With 5.24M shares average volume, it will take short sellers 6 days to cover their STX’s short positions. The short interest to Seagate Tech Ireland’s float is 10.95%. About 2.16 million shares traded hands. Seagate Technology PLC (NASDAQ:STX) has risen 42.05% since April 14, 2016 and is uptrending. It has outperformed by 37.36% the S&P500.
Seagate Technology public limited company is a well-known provider of electronic data storage technology and solutions. The company has a market cap of $11.42 billion. The Company’s principal products are hard disk drives . It has a 30.15 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.
Insitutional Activity: The institutional sentiment decreased to 0.98 in 2016 Q2. Its down 0.02, from 1 in 2016Q1. The ratio turned negative, as 96 funds sold all Seagate Technology PLC shares owned while 117 reduced positions. 53 funds bought stakes while 155 increased positions. They now own 247.41 million shares or 0.72% less from 249.21 million shares in 2016Q1.
Moreover, Kwmg Ltd Liability Co has 0.32% invested in Seagate Technology PLC (NASDAQ:STX) for 24,416 shares. Stoneridge Invest Prtn Ltd Llc holds 0.42% of its portfolio in Seagate Technology PLC (NASDAQ:STX) for 115,302 shares. Numeric Investors last reported 0.01% of its portfolio in the stock. Comml Bank Of Mellon Corporation holds 2.67 million shares or 0.02% of its portfolio. Lockheed Martin Investment Mgmt holds 0.17% or 70,000 shares in its portfolio. Sawtooth Asset Mgmt Incorporated, a Minnesota-based fund reported 26,973 shares. Brookstone Capital holds 150,517 shares or 0.48% of its portfolio. Apg Asset Mgmt Nv last reported 0.17% of its portfolio in the stock. Tiaa Cref Investment Management Ltd Com holds 0% or 93,791 shares in its portfolio. Afam Cap owns 211,623 shares or 0.85% of their US portfolio. Concannon Wealth Mgmt Limited Liability Corporation holds 0.01% or 211 shares in its portfolio. Cambridge Investment Rech Inc has invested 0.03% of its portfolio in Seagate Technology PLC (NASDAQ:STX). Massmutual Tru Fsb Adv owns 250 shares or 0% of their US portfolio. Argentus Cap Management Ltd Com holds 0.17% or 16,694 shares in its portfolio. Guggenheim Ltd Liability last reported 1.53 million shares in the company.
Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 7 selling transactions for $1.09 million net activity. RE MARK sold $406,006 worth of stock. MORTON DAVID H JR sold $62,054 worth of stock. Another trade for 1,251 shares valued at $40,600 was made by BIONDI FRANK on Tuesday, August 9.
Out of 24 analysts covering Seagate Technology Plc (NASDAQ:STX), 7 rate it a “Buy”, 3 “Sell”, while 14 “Hold”. This means 29% are positive. Seagate Technology Plc has been the topic of 73 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Brean Capital maintained Seagate Technology PLC (NASDAQ:STX) on Thursday, April 14 with “Buy” rating. On Monday, April 11 the stock rating was initiated by Cowen & Co with “Market Perform”. The firm has “Sell” rating given on Thursday, April 7 by Citigroup. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, May 2. As per Monday, November 2, the company rating was maintained by Needham. The rating was maintained by UBS on Wednesday, November 11 with “Sell”. The rating was maintained by Deutsche Bank on Monday, January 11 with “Buy”. The firm has “Buy” rating given on Wednesday, September 7 by Craig Hallum. The firm earned “Sell” rating on Thursday, September 10 by UBS. BMO Capital Markets initiated the stock with “Market Perform” rating in Friday, December 11 report.
More notable recent Seagate Technology PLC (NASDAQ:STX) news were published by: Forbes.com which released: “Seagate Technology Reaches Analyst Target Price” on November 16, 2016, also Fool.com with their article: “Why Seagate Technology PLC Fell 11% in October” published on November 08, 2016, Fool.com published: “Is Seagate Technology PLC’s Dividend Safe?” on October 31, 2016. More interesting news about Seagate Technology PLC (NASDAQ:STX) were released by: Profitconfidential.com and their article: “Seagate Technology PLC: This Is Where STX Stock will Find Support” published on November 02, 2016 as well as Investorplace.com‘s news article titled: “Seagate Technology PLC (STX) Stock Is NOT a Contrarian Buy” with publication date: October 19, 2016.
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By Darrin Black