Seagate Technology PLC (NASDAQ:STX) Trading Down - Insiders Selling, Short Interest Growing

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W. R. Grace & Co (NYSE:GRA) has declined 6.22% since June 14, 2016 and is downtrending. It has underperformed by 28.96% the S&P500. Tourbillon L P holds 1.14% in Seagate Technology PLC (NASDAQ:STX) or 1.55M shares. The stock of Seagate Technology PLC (NASDAQ:STX) has "Buy" rating given on Wednesday, October 21 by Deutsche Bank. Commonwealth Comml Bank Of Aus accumulated 0.08% or 170,703 shares. The lowest target is $22.0 while the high is $50.0. Mackenzie Finance Corp accumulated 0.01% or 60,168 shares.

About 2.02M shares traded.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, STX earned gross profit of 3.85 Billion, in 2015 3.81 Billion gross profit, while in 2016 Seagate Technology plc (STX) produced 2.62 Billion profit. FDO Partners LLC purchased a new stake in Seagate Technology PLC during the first quarter valued at about $5,276,000. Visionary Asset Management Inc. now owns 85,583 shares of the data storage provider's stock valued at $3,299,000 after buying an additional 4,061 shares in the last quarter. Walgreens Boots Alliance Inc was reduced too. Pnc Fincl Group holds 0.01% in Seagate Technology PLC (NASDAQ:STX) or 191,714 shares. Therefore 33% are positive. After $1.10 actual EPS reported by Seagate Technology PLC for the previous quarter, Wall Street now forecasts -10.00% negative EPS growth. (NYSE:STZ) earned "Buy" rating by Bank of America on Wednesday, January 4.

Another recent and important Seagate Technology PLC (NASDAQ:STX) news was published by Investorplace.com which published an article titled: "Trade Seagate Technology PLC (STX) Stock While It's In Wall Street's Favor" on June 13, 2017. Private Advisor Group Inc Limited invested 0.02% in Seagate Technology PLC (NASDAQ:STX). On October 12 Brean Capital left the company rating at "Buy" but raised the price target from $15.00 to $50.00. The firm has "Buy" rating given on Monday, January 11 by Liberum Capital. The stock of Seagate Technology PLC (NASDAQ:STX) earned "Hold" rating by Argus Research on Friday, April 15. The company was maintained on Thursday, October 8 by RBC Capital Markets.

Since February 1, 2017, it had 0 buys, and 6 selling transactions for $2.29 million activity. The expected STX's profit could reach $297.09M giving the stock 10.54 P/E in the case that $0.99 earnings per share is reported. Another trade for 1.16 million shares valued at $90.35M was sold by WALTON S ROBSON. The legal version of this piece of content can be viewed at https://transcriptdaily.com/2017/06/15/seagate-technology-plc-stx-shares-sold-by-emory-university-updated.html. Shares for $72,206 were sold by PARK CHONG SUP.

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Investors sentiment decreased to 1.06 in 2016 Q4. The stock price recently experienced a 5-day gain of 0.33% with 1.01 average true range (ATR). It dived, as 46 investors sold Seagate Technology PLC shares while 155 reduced holdings.

Gateway Advisory LLC raised its position in Seagate Technology PLC (NASDAQ:STX) by 9.3% during the first quarter, according to its most recent 13F filing with the SEC. Massaroni, SVP, Interim CLO reported the sale of 7,500 shares of STX stock. Toronto Dominion Savings Bank invested in 0.01% or 50,835 shares.

Currently, the market capitalization of Seagate Technology plc (STX) is 12.47 Billion.

Seagate Technology PLC (NASDAQ:STX) last released its earnings results on Wednesday, April 26th. Spark Investment Management LLC now owns 71,100 shares of the data storage provider's stock worth $3,265,000 after buying an additional 32,615 shares during the period. Schroder Inv Mngmt owns 77,097 shares. Columbia Asset Management holds 0.1% or 8,116 shares in its portfolio. Gotham Asset Management Ltd Limited Liability Company reported 0.27% stake. Commerzbank Aktiengesellschaft acquired 16,401 shares as Wal (WMT)'s stock rose 13.55%. Cibc World Mkts Incorporated owns 183,660 shares. Creative Planning reported 42,731 shares stake. (NYSE:STZ). Miles reported 1,529 shares stake. Lvw Limited Company holds 3,046 shares. Qs Investors Ltd reported 3,600 shares. The institutional investor owned 13,610 shares of the data storage provider's stock after selling 6,749 shares during the period.

Among 27 analysts covering Dollar General Corp. On Monday, November 2 the stock rating was maintained by Needham with "Buy". Therefore 83% are positive. Visionary Asset Management Inc. raised its position in Seagate Technology PLC by 5.0% in the third quarter. RBC Capital Markets maintained Wal-Mart Stores Inc (NYSE:WMT) on Friday, October 7 with "Underperform" rating. UBS maintained the stock with "Neutral" rating in Friday, April 7 report. The company was downgraded on Tuesday, November 10 by Wolfe Research. On October 11 the company was upgraded to "Neutral" from "Underweight" and a price target of $38.00 was set in a report from JP MOrgan. Mizuho maintained the shares of STX in report on Tuesday, January 19 with "Neutral" rating. The stock has "Neutral" rating by Sterne Agee CRT on Tuesday, September 29. The research group, a unit of Accern, rates the sentiment of press coverage by analyzing more than 20 million news and blog sources.

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