Institutional Investors Are Buying Seagate Technology PLC (NASDAQ:STX)

Lloyd Doyle
October 12, 2017

JPMorgan Chase & Co. now owns 1,650,262 shares of the data storage provider's stock worth $63,947,000 after purchasing an additional 703,822 shares during the last quarter. The stock declined 0.18% or $0.07 reaching $38.21 per share.

Seagate Technology PLC (NASDAQ:STX) last posted its earnings results on Tuesday, July 25th. It has outperformed by 90.46% the S&P500.

Lumbard & Kellner Llc decreased its stake in Anthem Inc (ANTM) by 35.67% based on its latest 2017Q2 regulatory filing with the SEC. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. The total amount of shares outstanding is 286.82M, giving the company a market capitalization of about 9.68B. Renaissance Technologies LLC now owns 1,292,893 shares of the data storage provider's stock worth $59,383,000 after acquiring an additional 1,205,993 shares in the last quarter. It has outperformed by 15.16% the S&P500. ValuEngine raised shares of Seagate Technology PLC from a "hold" rating to a "buy" rating in a report on Monday, October 2nd. Therefore 50% are positive. Seagate Technology PLC's quarterly revenue was down 9.3% on a year-over-year basis. The firm has "Sell" rating by Citigroup given on Wednesday, January 27. The stock of Seagate Technology PLC (NASDAQ:STX) earned "Hold" rating by Craig Hallum on Wednesday, July 26.

Among 24 analysts covering Newmont Mining Corporation (NYSE:NEM), 13 have Buy rating, 0 Sell and 11 Hold. As per Wednesday, April 13, the company rating was downgraded by Deutsche Bank. The firm has "Hold" rating by Maxim Group given on Wednesday, October 12.

Analysts have given a mean recommendation of 2.20 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Finally, Stifel Nicolaus reaffirmed a "hold" rating and issued a $45.00 target price on shares of Seagate Technology PLC in a report on Friday, July 14th.

Mizuho reiterated their hold rating on shares of Seagate Technology PLC (NASDAQ:STX) in a research report report published on Monday. More interesting news about Seagate Technology PLC (NASDAQ:STX) were released by: Nasdaq.com and their article: "Cacti Asset Management Llc Buys Seagate Technology PLC, Procter & Gamble Co ..." published on October 02, 2017 as well as Investorplace.com's news article titled: "Seagate Technology PLC (STX) Stock Is a Rough in a Diamond Sector" with publication date: October 04, 2017.

Since May 12, 2017, it had 0 insider buys, and 5 insider sales for $1.34 million activity. The firm purchased 7,727 shares of the data storage provider's stock, valued at approximately $299,000.

Investors sentiment decreased to 1.3 in Q2 2017. The data storage provider reported $1.10 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.06 by $0.04. Sold All: 64 Reduced: 133 Increased: 183 New Position: 73. The active investment managers in our partner's database reported: 255.91 million shares, up from 253.38 million shares in 2017Q1. Seagate Technology PLC has a 52 week low of $30.60 and a 52 week high of $50.96. Pub Employees Retirement Association Of Colorado owns 48,974 shares for 0.01% of their portfolio.


The ratios of the return on assets (ROA) and the return on owner's equity (ROE) are the most used profitability ratios in the analysis while ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business.

In related news, Director Chong Sup Park sold 3,809 shares of Seagate Technology PLC stock in a transaction that occurred on Tuesday, May 16th. Sii Investments Inc. WI now owns 6,465 shares of the data storage provider's stock worth $295,000 after acquiring an additional 269 shares during the period. 136,544 were reported by Walleye Trading Ltd Limited Liability Company. About 1.01 million shares traded. Cwm Ltd Liability Corp owns 432 shares or 0% of their United States portfolio. WI raised its position in Seagate Technology PLC by 4.3% in the first quarter. Cleararc Capital Incorporated reported 7,305 shares stake. Analysts forecast that Seagate Technology PLC will post $3.65 EPS for the current year. Finally, Renaissance Technologies LLC grew its stake in shares of Seagate Technology PLC by 1,387.8% during the 1st quarter. Intact Inv Mgmt reported 8,100 shares or 0.01% of all its holdings. Davis R M reported 6,000 shares stake.

Among 23 analysts covering Anthem Inc (NYSE:ANTM), 10 have Buy rating, 0 Sell and 13 Hold. Therefore 28% are positive. Cantor Fitzgerald maintained Anthem Inc (NYSE:ANTM) rating on Thursday, September 14. The stock has "Neutral" rating by Clarkson Platou on Monday, April 18.

09/11/2017 - Seagate Technology. was downgraded to "hold" by analysts at Jefferies.

07/25/2017 - Seagate Technology. had its "neutral" rating reiterated by analysts at Robert W. Baird. The stock of Anthem Inc (NYSE:ANTM) has "Neutral" rating given on Monday, October 17 by JP Morgan.

Before trading, trader, investor or shareholder must have an eye on stock's historical performance. The firm has "Buy" rating by Sterne Agee CRT given on Monday, July 27.

The stock of Valvoline Inc (NYSE:VVV) is a huge mover today!

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