Seagate Technology plc (NASDAQ:STX)

Can Seagate Sustain Its Dividend Yield

Can Seagate Sustain Its Dividend Yield

The recent change has given its price a -10.37% deficit over SMA 50 and -39.27% deficit over its 52-week high. The Quentec Asset Management Llc holds 1.18M shares with $44.86M value, up from 400,000 last quarter. Seagate Technology now has $8.91B valuation.

About 22,757 shares traded. It has outperformed by 6.29% the S&P500.

Seagate Technology public company is a provider of electronic information storage technology and solutions. the firms principal products are hard disk drives (HDDs). As per Thursday, February 2, the company rating was downgraded by RBC Capital Markets. 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.

Since May 12, 2017, it had 0 insider purchases, and 5 sales for $1.34 million activity.

UN Security Council Steps Up Pressure On North Korea
A complete ban on countries selling oil to North Korea has been replaced with a ban on condensates and natural gas liquids. Secretary-General Antonio Guterres try to resolve the dispute "gives rise to very serious questions in our minds".

The SMA20 for the stock is at -2.85 percent, SMA50 stands at -10.37 percent, while SMA200 is -24.59 Percent, according to Finviz reported data.

Shares of Seagate Technology PLC (STX) opened at 30.95 on Tuesday. Therefore 27% are positive. The correct version of this report can be accessed at https://weekherald.com/2017/09/11/systematic-financial-management-lp-has-7-82-million-stake-in-seagate-technology-plc-stx.html.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $9.43B. Maxim Group maintained the stock with "Buy" rating in Thursday, October 15 report. The rating was maintained by Brean Capital on Monday, August 3 with "Buy". The firm earned "Neutral" rating on Tuesday, September 29 by Sterne Agee CRT. RBC Capital Markets downgraded it to "Sector Performer" rating and GBX 400 target in Wednesday, November 25 report. On July 26 Citigroup maintained a company rating of "Neutral" but moved down the price target to $36.00 from $37.00. Its up 0.18, from 0.97 in 2016Q3. It fall, as 46 investors sold STX shares while 155 reduced holdings.

These funds have shifted positions in (STX). The data storage provider reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.08 by $0.30. As of the end of the quarter Hosking Partners Llp had acquired 6,753 shares growing its stake by 1.6%. 72,878 are owned by Bath Savings. First Manhattan Com has invested 0% of its portfolio in Seagate Technology PLC (NASDAQ:STX). Raymond James And Assoc invested in 0% or 22,293 shares. Invesco Limited reported 3.31 million shares stake. Wealth Planning Lc holds 0.2% or 5,204 shares in its portfolio. Commonwealth Equity Ser Inc has 0.02% invested in Seagate Technology PLC (NASDAQ:STX) for 81,134 shares. Voya Investment Mngmt Limited Liability Corp accumulated 76,258 shares or 0.01% of the stock. Private Advisor Group Incorporated Ltd Liability reported 19,064 shares stake. Kentucky-based Cullinan Assoc has invested 0.29% in Valero Energy Corporation (NYSE:VLO). Adage Cap Ptnrs Gp reported 422,300 shares or 0.04% of all its holdings. Janney Montgomery Scott Ltd Liability Co reported 45,327 shares.

Iraqi Parliament Rejects Plan For Kurdish Independence Referendum
KRG president Massoud Barzani has said he wanted to pursue independence though dialogue without provoking a conflict. Prime Minister Haider al-Abadi said that the referendum planned for September 25 would violate Iraq's constitution.

The stock decreased 1.37% or $0.45 during the last trading session, reaching $32.34. About 932,468 shares traded. Nomura invested 0.04% in Seagate Technology PLC (NASDAQ:STX). It has outperformed by 90.46% the S&P500.

Shares last traded at $30.95 just a bit lower than the 50 day moving average of $32.50 and which is quite a bit below the 200 day moving average of $41.01. Insiders own 0.87% of the company's stock. The big banks are holding 95.90% of the shares while company insiders are clinging to 0.20%.

Rafferty Asset Management Llc decreased Berkshire Hathaway Inc Del (BRKB) stake by 26,456 shares to 95,401 valued at $15.55 million in 2016Q4. Sequoia Advsr Ltd, Ohio-based fund reported 48,249 shares.

Ratings analysis reveals 31% of Seagate Tech's analysts are positive. Seagate Technology PLC's periodic earnings was down 9.3% compared with the same period in the prior year. on consensus, experts expect that Seagate Technology to post $3.69 earnings per share for the financial year. STX's latest closing price was -21.35% away from the average-price of 200 days while it maintained a distance of -7.17% from the 50 Day Moving Average and 1.54% away compared to its SMA 20. Jefferies's target suggests a possible downside of -6.30 % for the stock. Argus Research downgraded the shares of STX in report on Friday, April 15 to "Hold" rating. Five equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. The stock has "Neutral" rating by Guggenheim on Wednesday, January 4. The firm has "Equal-Weight" rating given on Tuesday, August 16 by Barclays Capital. The firm has "Buy" rating given on Friday, October 16 by Needham.

Patterson-UTI Energy, Inc. (PTEN) Insider sold 5127 Shares
Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Patterson-UTI Energy by 7.9% during the first quarter. Irving Magee Investment Management acquired 26,300 shares as Patterson Uti Energy Inc (PTEN)'s stock declined 16.81%.

FBN Securities cut shares of Seagate Technology PLC (NASDAQ:STX) from an outperform rating to a sector perform rating in a research report sent to investors on Monday morning. As per Monday, January 25, the company rating was maintained by Liberum Capital.

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