Seagate Technology PLC (STX) Price Target Raised to $40.00

Mae Love
January 13, 2018

The company has market cap of $14.00 billion. It also transports overseas freight through various Atlantic and Gulf Coast ports.

Emory University increased its stake in Seagate Technology Plc (STX) by 38.22% based on its latest 2017Q3 regulatory filing with the SEC. Seagate Technology Plc had 125 analyst reports since August 4, 2015 according to SRatingsIntel. The stock increased 1.57% or $0.89 during the last trading session, reaching $57.47. Seagate Technology PLC's dividend payout ratio (DPR) is presently 147.37%. It has outperformed by 90.46% the S&P500.The move comes after 7 months positive chart setup for the $13.54B company. About 1.64 million shares traded. NSC's profit will be $443.53M for 24.45 P/E if the $1.55 EPS becomes a reality. After $0.96 actual earnings per share reported by Seagate Technology plc for the previous quarter, Wall Street now forecasts 19.79% EPS growth. The stock increased 4.11% or $1.935 during the last trading session, reaching $49.005. About 3.73M shares traded. Air Lease Corporation (NYSE:AL) has risen 29.12% since January 10, 2017 and is uptrending. It has outperformed by 0.92% the S&P500. Four investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The lowest target is $106.0 while the high is $130.0. The shares were sold at an average price of $48.99, for a total value of $4,899,000.00. NSC was included in 7 notes of analysts from October 11, 2016. As per Wednesday, February 3, the company rating was initiated by Goldman Sachs. The rating was maintained by Jefferies on Friday, May 26 with "Buy". The firm earned "Hold" rating on Monday, October 23 by Robert W. Baird. The firm has "Buy" rating by Nomura given on Friday, January 22. As per Monday, May 2, the company rating was downgraded by RBC Capital Markets. The firm has "Sector Perform" rating by FBN Securities given on Tuesday, October 11. The company was upgraded on Tuesday, May 30 by Northcoast. Rodgers Brothers holds 95,263 shares or 1.11% of its portfolio. Insiders have sold a total of 194,744 shares of company stock valued at $9,075,320 in the last three months. The institutional investor held 144,841 shares of the electronic components company at the end of 2017Q3, valued at $4.80 million, down from 195,815 at the end of the previous reported quarter. The Virginia-based London Co Of Virginia has invested 3.54% in the stock. Teacher Retirement Sys Of Texas reported 408,554 shares.

Since January 1, 0001, it had 0 insider purchases, and 4 selling transactions for $3.72 million activity.

Short interest, or the number of a stock's tradable shares now being shorted, is another metric investors use to get a pulse on sentiment. Its down 0.52, from 1.3 in 2017Q2.

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A number of hedge funds and other institutional investors have recently bought and sold shares of STX. This represents an increase of 1% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks. Prudential Fincl has 0.02% invested in Seagate Technology plc (NASDAQ:STX) for 391,826 shares. State Of Tennessee Treasury Department invested in 78,315 shares. Rhumbline Advisers has 0.02% invested in Seagate Technology plc (NASDAQ:STX). Balentine LLC grew its holdings in Seagate Technology by 56.8% during the 3rd quarter. Citigroup accumulated 0.01% or 256,375 shares. 119.77 million shares or 0.32% less from 120.15 million shares in 2017Q2 were reported. Zacks Investment Research upgraded Seagate Technology from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 26th. Credit Suisse Ag has 479,206 shares. Verition Fund Ltd Liability Co holds 23,819 shares. Pacad Inv accumulated 13,500 shares. Seagate Technology's revenue was down 5.9% compared to the same quarter last year. research analysts anticipate that Seagate Technology will post 4 EPS for the current fiscal year. Berkshire Asset Mgmt Limited Liability Pa invested in 7,816 shares or 0.03% of the stock. Conning Inc holds 0.03% or 31,923 shares in its portfolio. Shares for $166,710 were sold by BRACE PHILIP G on Tuesday, August 1.

Seagate Technology PLC (NASDAQ:STX) had its price target lifted by Mizuho from $34.00 to $40.00 in a report published on Wednesday.

Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The company has market cap of $15.01 billion. The firm makes and distributes hard disk drives, solid state drives and their related controllers, solid state hybrid drives, and storage subsystems. It has a 23.62 P/E ratio. The Company's products are used in enterprise servers and storage systems applications; client compute applications, primarily for desktop and mobile computing; and client non-compute applications, including various end user devices, such as portable external storage systems, surveillance systems, network-attached storage, digital video recorders, and gaming consoles. The stock of Seagate Technology plc (NASDAQ:STX) has "Outperform" rating given on Thursday, October 8 by RBC Capital Markets. Therefore 24% are positive. Seagate Technology Plc had 124 analyst reports since August 4, 2015 according to SRatingsIntel. Finally, Cowen upped their price target on shares of Seagate Technology from $39.00 to $47.00 and gave the company a "market perform" rating in a research note on Tuesday. Brean Capital maintained Ctrip.com International, Ltd. (NASDAQ:CTRP) rating on Thursday, March 17. Salem Invest Counselors Inc invested 0% of its portfolio in Seagate Technology plc (NASDAQ:STX). Maxim Group has "Hold" rating and $3800 target. Jefferies maintained the stock with "Hold" rating in Friday, October 13 report. The firm earned "Equal Weight" rating on Tuesday, January 31 by Barclays Capital.

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