Seagate Tech Ord Shs (NASDAQ:STX).
Raymond James & Associates reports that it decreased its ownership in Seagate Tech Ord Shs by 2.1% in the quarter ending 09/30/2017. Its stake was valued at $47,063,000 a decrease of 16.2% as of the end of the quarter.
Raymond James & Associates isn’t the only one who has changed their investment in STX. Baird Financial Group, Inc. cut its position by shedding 665 shares a decrease of 2.1%. Baird Financial Group, Inc. controls 30,749 shares valued at $1,020,000. The total value of its holdings decreased 16.2%. Tredje Ap-fonden trimmed its stake by selling 20,260 shares a decrease of 27.8% from 06/30/2017 to 09/30/2017. Tredje Ap-fonden now holds 52,620 shares with a value of $1,779,000. The value of the position overall is down by 38.0%.
Hosking Partners Llp augmented its ownership by buying 1,366 shares an increase of 0.3% in the quarter. Hosking Partners Llp now controls 417,614 shares worth $13,852,000. The value of the position overall is down by 14.1%.
October 24 investment analysts at Maxim Group left the company rating at “Hold” with a current price target of $38.00. Equity analyst Morgan Stanley raised the price target of the stock on October 24 changing the price objective from $32.00 to $37.00 and issued a “Equal Weight” recommendation.
Barclays PLC raised the price target on October 24 boosting the projection from $29.00 to $32.00 with a rating of “Underweight”. Equity analyst Royal Bank Of Canada raised the price target on October 24 changing the forecast from $35.00 to $40.00 with a “Sector Perform” recommendation.
October 24 investment analysts at Benchmark reiterated a “Hold” rating on the stock. Equity analyst Citigroup raised the price target on October 24 changing the forecast from $34.00 to $41.00 and issued a “Neutral” rating.
The company is up by 0.88% percent from yesterday’s close. The most current P/E ratio is 14.30 and the market value is 10.94B. As of the latest earnings report the EPS was $2.64 with 289.32M shares now outstanding.
Short traders are more bearish on Seagate Tech Ord Shs of late as implied by the motion in short interest. The stock experienced a rise in short interest between September 29, 2017 and October 13, 2017 of 3.57%. Short interest grew from 40,722,374 to 42,178,127 over that period. With short interest at 42,178,127 and short average daily volume at 4,281,041, days to cover is 10.0 and the short interest percentage is 0.15% as of October 13.