As Seagate Technology (STX) Share Value Rose, Afam Capital INC Has Cut Its Position by $4.41 Million

July 12, 2018 - By Elizabeth Bryant

Seagate Technology plc (NASDAQ:STX) LogoInvestors sentiment decreased to 0.84 in 2018 Q1. Its down 0.05, from 0.89 in 2017Q4. It dropped, as 39 investors sold STX shares while 180 reduced holdings. 75 funds opened positions while 108 raised stakes. 232.89 million shares or 4.71% less from 244.40 million shares in 2017Q4 were reported. Benjamin F Edwards holds 0.01% or 1,002 shares. Ny State Teachers Retirement Systems invested in 460,202 shares. Ameriprise Fincl reported 123,842 shares. Mirae Asset Global has invested 0.02% in Seagate Technology plc (NASDAQ:STX). Berkshire Asset Ltd Co Pa has invested 0.05% of its portfolio in Seagate Technology plc (NASDAQ:STX). Valley Natl Advisers stated it has 10,659 shares. Gradient Investments Ltd Llc reported 0% in Seagate Technology plc (NASDAQ:STX). San Francisco Sentry Investment Gp (Ca) owns 2,280 shares or 0.04% of their US portfolio. Bessemer Grp reported 1,971 shares stake. 16 are owned by Tarbox Family Office Inc. Madison Inv owns 0.25% invested in Seagate Technology plc (NASDAQ:STX) for 239,925 shares. Yorktown Mgmt And holds 2.25% in Seagate Technology plc (NASDAQ:STX) or 130,000 shares. Moody Bancorporation Trust Division holds 7,750 shares. Louisiana State Employees Retirement Sys holds 0.05% or 17,400 shares. Schafer Cullen Management Inc reported 6,300 shares.

Since January 30, 2018, it had 0 insider purchases, and 13 selling transactions for $36.48 million activity. $1.35 million worth of Seagate Technology plc (NASDAQ:STX) was sold by ZANDER EDWARD J on Wednesday, May 9. MORTON DAVID H JR sold $595,004 worth of stock or 11,491 shares. Geldmacher Jay L had sold 4,475 shares worth $235,833. 2,188 shares were sold by Nygaard Jeffrey D., worth $125,701. MURPHY JAMES J sold $781,850 worth of Seagate Technology plc (NASDAQ:STX) on Wednesday, January 31. The insider PARK CHONG SUP sold $218,290.

Afam Capital Inc decreased its stake in Seagate Technology (STX) by 35.6% based on its latest 2018Q1 regulatory filing with the SEC. Afam Capital Inc sold 76,084 shares as the company’s stock rose 7.32% while stock markets declined. The institutional investor held 137,626 shares of the electronic components company at the end of 2018Q1, valued at $8.05 million, down from 213,710 at the end of the previous reported quarter. Afam Capital Inc who had been investing in Seagate Technology for a number of months, seems to be less bullish one the $16.89B market cap company. The stock increased 2.80% or $1.6 during the last trading session, reaching $58.84. About 982,301 shares traded. Seagate Technology plc (NASDAQ:STX) has risen 33.31% since July 12, 2017 and is uptrending. It has outperformed by 20.74% the S&P500.

Afam Capital Inc, which manages about $787.96 million and $909.18 million US Long portfolio, upped its stake in Financials Select Sector Spdr (XLF) by 171,062 shares to 485,659 shares, valued at $13.39M in 2018Q1, according to the filing. It also increased its holding in Ishares Msci South Africa Fund (EZA) by 79,527 shares in the quarter, for a total of 176,585 shares, and has risen its stake in Ishares Msci Indonesia Fund (EIDO).

Analysts await Seagate Technology plc (NASDAQ:STX) to report earnings on July, 24. They expect $1.45 EPS, up 123.08 % or $0.80 from last year’s $0.65 per share. STX’s profit will be $416.25 million for 10.14 P/E if the $1.45 EPS becomes a reality. After $1.46 actual EPS reported by Seagate Technology plc for the previous quarter, Wall Street now forecasts -0.68 % negative EPS growth.

More important recent Seagate Technology plc (NASDAQ:STX) news were published by: Nasdaq.com which released: “Western Digital (WDC) Unveils New Data Center Storage Solutions” on July 02, 2018, also Fool.com published article titled: “Is Seagate Technology Stock Back From the Dead?”, Benzinga.com published: “BofA: IT Hardware Stocks Are Losing Appeal To Funds, But Apple Has Further Upside Potential” on July 06, 2018. More interesting news about Seagate Technology plc (NASDAQ:STX) was released by: Schaeffersresearch.com and their article: “This Is the Unluckiest Stock on Friday the 13th” with publication date: July 12, 2018.

Seagate Technology plc (NASDAQ:STX) Ratings Coverage

Among 14 analysts covering Seagate Tech (NASDAQ:STX), 4 have Buy rating, 2 Sell and 8 Hold. Therefore 29% are positive. Seagate Tech had 20 analyst reports since January 29, 2018 according to SRatingsIntel. The stock of Seagate Technology plc (NASDAQ:STX) has “Hold” rating given on Wednesday, May 2 by Craig Hallum. The company was maintained on Friday, February 23 by Stifel Nicolaus. FBN Securities upgraded Seagate Technology plc (NASDAQ:STX) on Tuesday, May 1 to “Buy” rating. The firm has “Neutral” rating by Citigroup given on Friday, March 9. The stock of Seagate Technology plc (NASDAQ:STX) earned “Hold” rating by Cowen & Co on Wednesday, May 2. The rating was maintained by RBC Capital Markets with “Hold” on Monday, January 29. The stock has “Hold” rating by Susquehanna on Monday, January 29. The company was maintained on Monday, January 29 by Cowen & Co. The rating was upgraded by Morgan Stanley to “Buy” on Monday, April 9. The firm has “Sell” rating given on Tuesday, March 6 by UBS.

Seagate Technology plc (NASDAQ:STX) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.