Economy

Principal Financial Group Inc. Raises Holdings in Seagate Technology PLC (NASDAQ:STX)

The stock decreased 0.79% or $0.26 on September 29, reaching $32.81. About 3.27 million shares traded. About 1.97M shares traded. It has outperformed by 6.29% the S&P500.

Horizon Investments Llc increased Ishares Tr Usa Quality Fctr (QUAL) stake by 4,255 shares to 107,415 valued at $7.86 million in 2017Q2. It also upped Advanced Semiconductor Spons Adr (NYSE:ASX) stake by 115,545 shares and now owns 192,689 shares. Ishares (IEFA) was raised too.

Since April 3, 2017, it had 0 insider buys, and 8 insider sales for $4.36 million activity. 50,000 shares were sold by CODY WILLIAM M, worth $2.23M. Four equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Therefore 43% are positive.

STX has been the subject of several research analyst reports. RBC Capital Markets maintained it with "Sector Perform" rating and $40 target in Monday, October 3 report. Royal Bank Of Canada reissued a "hold" rating and set a $35.00 target price on shares of Seagate Technology PLC in a research note on Friday, September 1st. The firm earned "Hold" rating on Monday, January 25 by Argus Research. The firm has "Buy" rating given on Thursday, April 14 by Brean Capital. Finally, Aegis initiated coverage on Seagate Technology PLC in a research report on Tuesday, June 13th. The stock has "Strong Buy" rating by Needham on Wednesday, January 25. Credit Suisse downgraded Progressive Corp (NYSE:PGR) rating on Friday, November 6. The rating was initiated by Mizuho with "Neutral" on Friday, December 11. The stock of Symantec Corporation (NASDAQ:SYMC) earned "Equal-Weight" rating by Barclays Capital on Friday, August 5.

Analysts await American Express Company (NYSE:AXP) to report earnings on October, 18. They expect $1.47 earnings per share, up 18.55% or $0.23 from last year's $1.24 per share. PGR's profit will be $366.00 million for 19.21 P/E if the $0.63 EPS becomes a reality. State Street Corp boosted its position in Seagate Technology PLC by 3.4% during the 1st quarter.

Investors sentiment decreased to 0.95 in 2017 Q2. Enterprise Value is calculated by taking the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents. 112 funds opened positions while 451 raised stakes. Maple Management stated it has 49,218 shares or 1.73% of all its holdings. Caprock holds 0.06% or 5,877 shares. Shares for $421,805 were sold by TAYLOR SCOTT C. On Monday, April 3 the insider Vautrinot Suzanne M sold $76,725. 1,753 are owned by First Foundation Advsrs. Cibc Ww owns 444,022 shares. Carlson Cap Lp has invested 0.38% in Progressive Corp (NYSE:PGR). Commercial Bank Of America De stated it has 0.02% of its portfolio in Seagate Technology PLC (NASDAQ:STX). Tompkins Fincl invested 0.07% of its portfolio in United Technologies Corporation (NYSE:UTX). Its down 0.03, from 1.33 in 2017Q1. 255.91 million shares or 1.00% more from 253.38 million shares in 2017Q1 were reported. Carret Asset Mngmt Lc reported 71,182 shares. Ledyard Bancshares accumulated 3,850 shares.

Johnson Financial Group Inc decreased Progressive Corp Ohio Com (PGR) stake by 61.54% reported in 2017Q2 SEC filing. Ct Mason owns 63,923 shares or 0.99% of their U.S. portfolio. Engineers Gate Manager Ltd Partnership invested in 0.09% or 26,258 shares. Gilman Hill Asset Management Limited Liability Corp stated it has 0.27% of its portfolio in Seagate Technology PLC (NASDAQ:STX). 239,928 were accumulated by Envestnet Asset Inc.

Investors considering positions in Seagate Technology plc (NasdaqGS:STX), might be interested in the Gross Margin Score of the company. Gateway Invest Advisers Limited Liability invested in 19,502 shares or 0.01% of the stock. Enterprise Services holds 0.01% or 472 shares in its portfolio. 101 are held by Parkside Retail Bank & Trust. Advisor Prtn Ltd Limited Liability Company has invested 0.06% in Seagate Technology PLC (NASDAQ:STX). The Gross Margin score lands on a scale from 1 to 100 where a score of 1 would be considered positive, and a score of 100 would be seen as negative. On average, equities research analysts forecast that Seagate Technology PLC will post $3.66 EPS for the current year. The firm earned "Buy" rating on Tuesday, January 12 by Cantor Fitzgerald. The firm has "Buy" rating given on Tuesday, July 18 by Jefferies. As per Thursday, August 24, the company rating was maintained by Cantor Fitzgerald. Sensato Investors Llc acquired 15,700 shares as Seagate Technology Plc (STX)'s stock declined 9.82%. It dived, as 64 investors sold Seagate Technology PLC shares while 133 reduced holdings. BidaskClub lowered shares of Seagate Technology PLC from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, September 12th. The firm has "Equal-Weight" rating by Barclays Capital given on Thursday, September 29.

Seagate Technology PLC (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, July 25th. As per Thursday, October 15, the company rating was maintained by Maxim Group. The stock has "Market Perform" rating by Cowen & Co on Tuesday, October 11. It also reduced Oclaro Inc (Call) (NASDAQ:OCLR) stake by 60,000 shares and now owns 40,000 shares.

Since May 12, 2017, it had 0 insider buys, and 5 selling transactions for $1.34 million activity. Shares for $166,187 were sold by PARK CHONG SUP. The hedge fund run by Jeffrey Ubben held 13.82M shares of the electronic components company at the end of 2017Q2, valued at $535.36M, up from 9.54 million at the end of the previous reported quarter. 7,500 shares were sold by MASSARONI KENNETH M, worth $319,350 on Friday, May 12.

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