Economy

Short Interest in Seagate Technology PLC (STX) Grows By 13.8%

The stock decreased 0.20% or $0.02 on August 25, reaching $10.15. About 3.50 million shares traded. Colgate-Palmolive Company (NYSE:CL) has risen 6.23% since August 26, 2016 and is uptrending. It has outperformed by 1.56% the S&P500.

Seagate Technology PLC (NASDAQ:STX) was the target of a large increase in short interest in August. Geode Capital Management LLC raised its position in shares of Seagate Technology PLC by 25.1% in the first quarter. The Dreman Value Management Llc holds 52,004 shares with $454,000 value, up from 345 last quarter. Brookstone Capital Management's holdings in Seagate Technology PLC were worth $5,180,000 as of its most recent SEC filing. As of August 15th, there was short interest totalling 44,717,595 shares, an increase of 13.8% from the July 31st total of 39,290,083 shares. About 35,976 shares traded or 167.20% up from the average.

Seagate Technology PLC (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, July 25th. It has outperformed by 90.46% the S&P500.

Investors sentiment increased to 0.94 in Q4 2016. Logitech International pays an annual dividend of $0.57 per share and has a dividend yield of 1.6%. It is positive, as 63 investors sold JNJ shares while 834 reduced holdings. Retirement Systems of Alabama raised its stake in Seagate Technology PLC by 2.2% in the first quarter. 232.60 million shares or 0.32% less from 233.34 million shares in 2016Q3 were reported.

Seagate Technology PLC has a beta of 1.69, meaning that its share price is 69% more volatile than the S&P 500. Carroll Financial Associate reported 9,358 shares. Rbf Capital Llc, a California-based fund reported 18,400 shares. Panagora Asset Management Incorporated accumulated 110,489 shares. Diligent Investors Limited Liability Company invested in 0.48% or 16,000 shares. Hudock Group Ltd Limited Liability Company has 4,925 shares. Massmutual Tru Com Fsb Adv holds 56 shares. Madison Hldgs holds 0.18% or 154,491 shares. Susquehanna Bancshares Inc restated a "neutral" rating and issued a $44.00 price objective (up from $43.00) on shares of Seagate Technology PLC in a report on Thursday, June 1st. City Holdg Company reported 0.02% stake. Pnc Grp Inc has invested 0% in Two Harbors Investment Corp (NYSE:TWO). Thomson Horstmann & Bryant Inc owns 239,394 shares or 0.23% of their U.S. portfolio. Gsa Prtnrs Limited Liability Partnership accumulated 17,693 shares. Blb&B Advsr Ltd Liability Company reported 15,920 shares or 0.18% of all its holdings.

Atria Investments Llc, which manages about $2.88B and $1.31 billion US Long portfolio, decreased its stake in Vanguard Scottsdale Fds (VMBS) by 6,629 shares to 79,548 shares, valued at $4.16M in 2016Q4, according to the filing. It also reduced Boeing Co (NYSE:BA) stake by 7,955 shares and now owns 22,607 shares. Csg Systems Int'l Inc (NASDAQ:CSGS) was raised too.

Among 21 analysts covering Xilinx Inc. On Monday, August 3 the stock rating was maintained by Brean Capital with "Buy". Colgate-Palmolive had 45 analyst reports since July 21, 2015 according to SRatingsIntel. They issued a "buy" rating and a $50.00 price objective on the stock. The firm earned "Hold" rating on Wednesday, April 6 by Societe Generale. The company was maintained on Thursday, October 15 by Topeka Capital Markets. The rating was upgraded by Keefe Bruyette & Woods to "Outperform" on Monday, December 14. The company was upgraded on Monday, September 14 by Goldman Sachs. The firm has "Buy" rating by Needham given on Monday, May 2. 5,400 are held by Mcrae Capital Mngmt Inc. The stock has "Hold" rating by Maxim Group on Wednesday, July 26. The firm has "Sell" rating given on Thursday, April 7 by Citigroup. The rating was maintained by Raymond James with "Market Perform" on Friday, June 16.

Since February 28, 2017, it had 0 buys, and 3 selling transactions for $9.95 million activity. Rangasayee Krishna sold 15,000 shares worth $973,401. Also Nasdaq.com published the news titled: "Jeff Ubben Buys Baker Hughes Inc, Seagate Technology PLC, KKR LP, Sells Baker ..." on August 14, 2017. 3,504,783 shares of the company's stock were exchanged.

Since May 12, 2017, it had 0 buys, and 5 sales for $1.34 million activity. Shares for $131,510 were sold by MORTON DAVID H JR on Friday, June 9. PARK CHONG SUP sold 3,809 shares worth $166,187. RE MARK also sold $417,616 worth of Seagate Technology PLC (NASDAQ:STX) on Monday, May 15. Cantab Capital Partners Llp sold 8,309 shares as Seagate Technology Plc Cmn (STX)'s stock declined 9.82%. Therefore 30% are positive. Robert W. Baird reiterated a "neutral" rating and set a $38.00 target price (down from $45.00) on shares of Seagate Technology PLC in a research note on Wednesday, July 26th. The legal version of this news story can be read at https://stocknewstimes.com/2017/08/27/legal-general-group-plc-raises-stake-in-seagate-technology-plc-stx.html. As per Tuesday, October 11, the company rating was maintained by FBN Securities. BidaskClub cut Seagate Technology PLC from a "strong-buy" rating to a "buy" rating in a research note on Tuesday. Barclays PLC lowered shares of Seagate Technology PLC from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $49.00 to $40.00 in a research report on Thursday, July 13th. On Thursday, September 29 the stock rating was maintained by Barclays Capital with "Equal-Weight". The firm has "Outperform" rating by RBC Capital Markets given on Wednesday, January 25.

Investors sentiment decreased to 0.86 in Q4 2016. Its down 0.07, from 1.13 in 2016Q3. It worsened, as 46 investors sold STX shares while 155 reduced holdings. 85 funds opened positions while 129 raised stakes. Argi Invest Svcs Ltd Com has 33,930 shares. Seagate Technology PLC has an average rating of "Hold" and an average target price of $42.12. Guardian Mgmt holds 10,000 shares or 0.44% of its portfolio. Nomura stated it has 361,427 shares. Moreover, State Street Corp has 0.04% invested in Seagate Technology PLC (NASDAQ:STX) for 10.88M shares. Citadel Advsrs Limited Liability Corporation accumulated 3.81M shares or 0.03% of the stock. Pub Sector Pension Inv Board reported 0.02% of its portfolio in Seagate Technology PLC (NASDAQ:STX). Finally, Evercore ISI initiated coverage on shares of Seagate Technology PLC in a report on Friday, June 16th. Ameritas, Nebraska-based fund reported 12,407 shares. Choate Investment Advsr stated it has 0% of its portfolio in Seagate Technology PLC (NASDAQ:STX). Paradigm Asset Mgmt Ltd Liability Com holds 0% or 66,350 shares in its portfolio.

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