Seagate Technology plc (NASDAQ:STX) Achieve New Highs

Lloyd Doyle
January 23, 2018

The institutional investor held 427,505 shares of the energy company at the end of 2017Q3, valued at $3.72 million, up from 387,718 at the end of the previous reported quarter. Seagate Technology PLC is headquartered in Dublin, Ireland.

Seagate Technology PLC (NASDAQ STX) traded up 0.15% on Tuesday, reaching $32.61.

On Monday, Shares of Seagate Technology plc (NASDAQ: STX) expressed a change of 1.05% and is now trading at $53.17. It has outperformed by 90.46% the S&P500.

Analysts expect Blackbaud, Inc. They are also projecting the Low EPS estimate of $0.88 and the High EPS estimate of $1.34. STX's profit will be $332.72M for 11.44 P/E if the $1.15 EPS becomes a reality. The stock increased 4.61% or $3.96 during the last trading session, reaching $89.93. The stock had a trading volume of 3,871,200 shares, compared to its average volume of 6,304,416. BioTelemetry, Inc. (NASDAQ:BEAT) has risen 87.79% since January 23, 2017 and is uptrending. It has outperformed by 11.63% the S&P500.

Investors sentiment increased to 0.92 in Q3 2017. Its down 0.07, from 1.3 in 2017Q2.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ngam Advsr Lp, Massachusetts-based fund reported 17,618 shares. Wellington Grp Llp invested 0.06% in Blackbaud, Inc. Price T Rowe Assocs Md has 441,828 shares for 0% of their portfolio. (NASDAQ:BEAT) for 15,341 shares. Invesco accumulated 3.06M shares or 0.04% of the stock. Schroder Management Grp Inc holds 0.08% in Lear Corporation (NYSE:LEA) or 267,521 shares. Paradigm Capital Management Inc Ny owns 1.06 million shares or 1.44% of their U.S. portfolio. Legal & General Grp Inc Public Ltd Com invested 0% of its portfolio in Blackbaud, Inc. (NASDAQ:BEAT) for 186,221 shares. 46,648 were reported by D E Shaw And. 5,564 are owned by Tower Rech (Trc). $4.90M worth of Seagate Technology plc (NASDAQ:STX) was sold by LUCZO STEPHEN J. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The firm offers Raiser's Edge NXT and Blackbaud CRM, which are fundraising and relationship management solutions; Luminate CRM for campaign management, constituent relations, business intelligence, and analytics; eTapestry, a cloud fundraising and donor management solution; and everydayhero, a cloud crowdfundraising solution. Four analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Therefore 50% are positive.

STX has been the topic of a number of recent analyst reports. The rating was downgraded by Maxim Group on Monday, November 2 to "Hold".

Heading into the stock price potential, The TJX Companies, Inc. needs to grow just 9.01% to cross its median price target of $86. The firm owned 80,560 shares of the data storage provider's stock after buying an additional 40,226 shares during the quarter. The stock of BioTelemetry, Inc. The company was maintained on Wednesday, August 31 by RBC Capital Markets. The firm has "Buy" rating given on Monday, October 2 by Craig Hallum. The rating was initiated by Evercore on Monday, June 27 with "Hold". The stock has "Mkt Perform" rating by FBR Capital on Thursday, July 21.

Since August 1, 2017, it had 0 buys, and 8 insider sales for $10.15 million activity. $351,080 worth of Blackbaud, Inc. Intact Mngmt invested in 6,900 shares. On Thursday, September 10 the stock rating was downgraded by Benchmark to "Sell". Also, insider Philip G. Brace sold 5,000 shares of Seagate Technology stock in a transaction on Thursday, January 11th. Also, Director Dambisa F. Moyo sold 8,715 shares of the stock in a transaction on Wednesday, October 25th. The institutional investor held 283,682 shares of the electronic components company at the end of 2017Q3, valued at $9.41M, down from 295,332 at the end of the previous reported quarter. Bnp Paribas Arbitrage owns 382,030 shares. Norfolk Southern Corp (NYSE:NSC) was raised too.

Investors sentiment decreased to 0.78 in Q3 2017. Its down 0.52, from 1.3 in 2017Q2.

Want to see what other hedge funds are holding STX? 57 funds opened positions while 126 raised stakes. Given that its average daily volume over the 30 days has been 4.59 million shares a day, this signifies a pretty significant change over the norm.

Georgia-based Vident Inv Advisory Limited Liability Co has invested 0.02% in Seagate Technology plc (NASDAQ:STX). The stock of Seagate Technology plc (NASDAQ:STX) earned "Neutral" rating by Citigroup on Tuesday, October 24. Cowen restated a "hold" rating and issued a $36.00 target price on shares of Seagate Technology in a research note on Friday, October 13th. Moreover, Cleararc Incorporated has 0.04% invested in Seagate Technology plc (NASDAQ:STX). Mitsubishi Ufj Tru owns 598,680 shares or 0.04% of their USA portfolio. Seagate Technology PLC's dividend payout ratio (DPR) is 97.67%. The companyÂ's NextGen division provides integrated clinical, financial, and connectivity solutions for ambulatory and dental well-known provider organizations. Pub Employees Retirement Association Of Colorado stated it has 0.01% of its portfolio in Seagate Technology plc (NASDAQ:STX). Sei Invests Company reported 58,645 shares or 0.02% of all its holdings. 34,106 were accumulated by State Of Alaska Department Of Revenue. Boston Family Office Limited Liability Com owns 20,000 shares or 0.08% of their United States portfolio. Stockholders of record on Wednesday, December 20th were issued a dividend of $0.63 per share. Qcm Cayman Ltd has invested 1.08% in Seagate Technology plc (NASDAQ:STX).

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