Published: Sat, January 06, 2018
Medicine | By Brett Sutton

Analysts See $1.15 EPS for Seagate Technology plc (STX)


ValueAct Holdings L.P. now owns 21,458,600 shares of the data storage provider's stock worth $711,782,000 after purchasing an additional 7,642,835 shares during the period. The PEG ratio shows us that, when compare to the beer company, the always-popular tech company doesn't have the growth rate to justify its higher P/E, and its stock price appears overvalued. Valueact Holdings Lp who had been investing in Seagate Technology Plc for a number of months, seems to be bullish on the $12.37B market cap company. Insiders have sold a total of 42,481 shares of company stock valued at $1,655,011 over the last ninety days. $339,965 worth of Seagate Technology plc (NASDAQ:STX) was sold by Moyo Dambisa F. It has outperformed by 90.46% the S&P500. Pggm Investments accumulated 65,995 shares or 0.01% of the stock. Jarislowsky Fraser Limited holds 29,431 shares. The company has market cap of $3.78 billion. The stock decreased 0.57% or $0.09 during the last trading session, reaching $14.94. About 678,258 shares traded. Amber Road, Inc. (NYSE:AMBR) has risen 46.06% since January 4, 2017 and is uptrending. It has outperformed by 18.90% the S&P500.

Investors sentiment increased to 1.52 in 2017 Q3. Its down 0.26, from 1.27 in 2017Q2. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock. SpiderRock Advisors LLC raised its position in Seagate Technology by 2,419.5% during the third quarter.

CSX Corporation (NASDAQ:CSX) is worth US$50.74 Billion and has recently fallen -0.47% to US$56.78. Creative Planning reported 45,690 shares. 284,340 were reported by Kornitzer Capital Inc Ks. Pub Employees Retirement Association Of Colorado stated it has 0.01% of its portfolio in Seagate Technology plc (NASDAQ:STX). Kentucky Retirement owns 18,236 shares. Jpmorgan Chase And stated it has 0% of its portfolio in Seagate Technology plc (NASDAQ:STX).

Legg Mason, Inc. (NYSE:LM) kept active in under and overvalue discussion, LM holds price to book ratio of 0.97 that presents much better indicator to find market price of a share price over its book value of equity for investment valuation. Ahl Prtnrs Ltd Liability Partnership reported 0.01% in Exact Sciences Corporation (NASDAQ:EXAS). Schroder Investment Management Group now owns 1,772,547 shares of the data storage provider's stock valued at $68,970,000 after buying an additional 1,141,917 shares during the last quarter. Ifc Fl, Florida-based fund reported 34,575 shares. X Management Llc invested in 0.01% or 7,477 shares.

Since August 4, 2017, it had 0 insider purchases, and 2 selling transactions for $3.05 million activity. Therefore 33% are positive. Argan had 4 analyst reports since October 16, 2015 according to SRatingsIntel. Matarin Capital Management Llc bought 32,440 shares as the company's stock declined 3.76% while stock markets rallied. The firm has "Hold" rating given on Monday, September 11 by Jefferies. As per Thursday, July 6, the company rating was downgraded by BMO Capital Markets. The firm has "Hold" rating by Craig Hallum given on Friday, October 16. Its down 0.52, from 1.3 in 2017Q2.

Seagate Technology PLC (NASDAQ:STX) announced a quarterly dividend on Monday, October 23rd, RTT News reports.


A number of institutional investors and hedge funds have recently made changes to their positions in STX. Citadel Advisors Limited Liability Com accumulated 59,220 shares. Bancshares Of Nova Scotia owns 50,582 shares for 0.01% of their portfolio.

Seagate Technology (NASDAQ STX) traded down $0.08 during trading hours on Tuesday, reaching $42.85. Putnam Ltd Liability Co owns 9,200 shares. Srb has 0.03% invested in Citigroup Inc. 68,400 are owned by Grantham Mayo Van Otterloo And Ltd Liability Corp.

Seagate Technology (NASDAQ:STX) last released its earnings results on Monday, October 23rd. 14,630 are held by Cohen Klingenstein Lc. Financial Bank Of Montreal Can invested 0.05% of its portfolio in Seagate Technology plc (NASDAQ:STX). Ahl Prns Llp, United Kingdom-based fund reported 114,118 shares.

Moody State Bank Division reported 7,750 shares or 0.01% of all its holdings. Tcw Grp Inc Inc reported 343,512 shares. The institutional investor held 2.43M shares of the electronic components company at the end of 2017Q3, valued at $80.59M, down from 2.45M at the end of the previous reported quarter. BidaskClub lowered Seagate Technology from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, September 12th. Therefore 24% are positive. The stock of Seagate Technology plc (NASDAQ:STX) has "Buy" rating given on Friday, June 2 by Jefferies. Maxim Group downgraded Seagate Technology plc (NASDAQ:STX) on Monday, November 2 to "Hold" rating. UBS has "Sell" rating and $38 target. The rating was maintained by Mizuho with "Hold" on Monday, October 23. The stock is a Buy among 9 brokerage firms polled by Factset Research. RBC Capital Markets maintained Seagate Technology plc (NASDAQ:STX) on Thursday, June 8 with "Hold" rating.

Since August 1, 2017, it had 0 insider buys, and 4 sales for $2.49 million activity. $316,360 worth of Seagate Technology plc (NASDAQ:STX) shares were sold by MORTON DAVID H JR.

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