In today’s session Seagate Technology PLC (STX) registered an unusually high (346) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious STX increase. With 346 contracts traded and 19344 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: STX161216C00036000 closed last at: $1.05 or 61.5% up. About 1.54 million shares traded hands. Seagate Technology PLC (NASDAQ:STX) has risen 4.17% since April 7, 2016 and is uptrending. It has underperformed by 0.61% the S&P500.
Seagate Technology PLC (NASDAQ:STX) Ratings Coverage
Out of 24 analysts covering Seagate Technology Plc (NASDAQ:STX), 7 rate it a “Buy”, 3 “Sell”, while 14 “Hold”. This means 29% are positive. $153 is the highest target while $15 is the lowest. The $42.18 average target is 25.27% above today’s ($33.67) stock price. Seagate Technology Plc has been the topic of 73 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, November 2 by Maxim Group. The firm has “Buy” rating given on Monday, May 2 by Brean Capital. BMO Capital Markets maintained Seagate Technology PLC (NASDAQ:STX) rating on Thursday, August 20. BMO Capital Markets has “Market Perform” rating and $48 price target. On Monday, May 2 the stock rating was downgraded by JP Morgan to “Underweight”. The stock has “Market Perform” rating given by BMO Capital Markets on Friday, December 11. Barclays Capital initiated the shares of STX in a report on Wednesday, October 14 with “Equalweight” rating. The stock of Seagate Technology PLC (NASDAQ:STX) has “Underweight” rating given on Thursday, July 23 by Morgan Stanley. The rating was maintained by RBC Capital Markets on Wednesday, August 31 with “Sector Perform”. The rating was maintained by Brean Capital with “Buy” on Thursday, April 14. As per Monday, October 19, the company rating was downgraded by Susquehanna.
According to Zacks Investment Research, “Seagate Technology PLC offers a portfolio of hard disc drives, solid state drives and solid state hybrid drives. It offers a range of disk drive products for the enterprise, client compute and client non-compute market applications. The Company also provides data storage services for businesses, including online backup, data protection and recovery solutions. Seagate Technology PLC is headquartered in Dublin, Ireland.”
Insitutional Activity: The institutional sentiment decreased to 0.98 in 2016 Q2. Its down 0.02, from 1 in 2016Q1. The ratio dived, as 96 funds sold all Seagate Technology PLC shares owned while 117 reduced positions. 53 funds bought stakes while 155 increased positions. They now own 247.41 million shares or 0.72% less from 249.21 million shares in 2016Q1.
Morgan Stanley holds 0.01% of its portfolio in Seagate Technology PLC (NASDAQ:STX) for 997,511 shares. Twin Tree Mngmt Limited Partnership holds 0% of its portfolio in Seagate Technology PLC (NASDAQ:STX) for 7,024 shares. Smith Salley And Associates accumulated 0.44% or 77,356 shares. Tourbillon Prtnrs L P holds 0.17% or 350,000 shares in its portfolio. Exxonmobil Investment Inc Tx, a Texas-based fund reported 77,263 shares. Westpac Corp, a Australia-based fund reported 16,969 shares. Connor Clark Lunn Inv Mngmt Limited owns 50,750 shares or 0.01% of their US portfolio. Pittenger And Anderson Incorporated accumulated 0% or 175 shares. Texas Permanent School Fund has invested 0.03% of its portfolio in Seagate Technology PLC (NASDAQ:STX). Federated Invsts Pa accumulated 0% or 6,390 shares. Reilly Fincl Advsr Ltd Liability, a California-based fund reported 112 shares. The Delaware-based Reliance Tru Comm Of Delaware has invested 0.07% in Seagate Technology PLC (NASDAQ:STX). The Iowa-based Principal Financial Gp has invested 0.01% in Seagate Technology PLC (NASDAQ:STX). Credit Agricole S A reported 78,291 shares or 0.01% of all its holdings. Jacobs Levy Equity Mngmt last reported 90,980 shares in the company.
Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 7 insider sales for $1.09 million net activity. MORTON DAVID H JR also sold $191,209 worth of Seagate Technology PLC (NASDAQ:STX) shares. Shares for $406,006 were sold by RE MARK. Shares for $40,600 were sold by BIONDI FRANK.
Seagate Technology public limited company is a well-known provider of electronic data storage technology and solutions. The company has a market cap of $9.87 billion. The Company’s principal products are hard disk drives . It has a 26.54 P/E ratio. In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers.
STX Company Profile
Seagate Technology public limited company, incorporated on January 22, 2010, is a well-known provider of electronic data storage technology and solutions. The Company’s principal products are hard disk drives (HDDs). In addition to HDDs, the Company produces a range of electronic data storage products, including solid state hybrid drives (SSHDs), solid state drives (SSDs), peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers. The Company’s storage technology portfolio also includes storage subsystems and high performance computing (HPC) solutions. The Company’s products are designed for applications in enterprise servers and storage systems; client compute applications, where its products are designed primarily for desktop and mobile computing, and client non-compute applications, where its products are designed for a range of end user devices, such as digital video recorders (DVRs), personal data backup systems, portable external storage systems, digital media systems and surveillance systems.
More important recent Seagate Technology PLC (NASDAQ:STX) news were published by: Fool.com which released: “Is Seagate Technology PLC’s Dividend Safe?” on October 31, 2016, also Profitconfidential.com published article titled: “Seagate Technology PLC: This Is Where STX Stock will Find Support”, Fool.com published: “How Seagate Technology PLC Jumped 14% Higher in September” on October 13, 2016. More interesting news about Seagate Technology PLC (NASDAQ:STX) was released by: Investorplace.com and their article: “Seagate Technology PLC (STX) Stock Is NOT a Contrarian Buy” with publication date: October 19, 2016.
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