Quentec Asset Management LLC Has Boosted Seagate Technology Plc (Put) (STX) Stake by $29.46 Million

July 17, 2017 - By Marie Mckinney

Investors sentiment decreased to 1.06 in 2016 Q4. Its down 0.07, from 1.13 in 2016Q3. It dropped, as 46 investors sold STX shares while 155 reduced holdings. 85 funds opened positions while 129 raised stakes. 254.79 million shares or 1.53% less from 258.75 million shares in 2016Q3 were reported. Da Davidson owns 0.08% invested in Seagate Technology PLC (NASDAQ:STX) for 89,819 shares. Cibc Ww holds 0.01% or 21,829 shares in its portfolio. Virtu Financial Ltd Co holds 0.03% of its portfolio in Seagate Technology PLC (NASDAQ:STX) for 6,991 shares. Shelton Mgmt reported 0.07% of its portfolio in Seagate Technology PLC (NASDAQ:STX). Jarislowsky Fraser Limited invested in 33,850 shares. Moreover, Caisse De Depot Et Placement Du Quebec has 0.02% invested in Seagate Technology PLC (NASDAQ:STX) for 239,600 shares. Canada Pension Plan Invest Board holds 0.03% of its portfolio in Seagate Technology PLC (NASDAQ:STX) for 216,165 shares. Brinker has invested 0.07% in Seagate Technology PLC (NASDAQ:STX). Kcg has invested 0.03% in Seagate Technology PLC (NASDAQ:STX). The United Kingdom-based Aberdeen Asset Public Ltd Liability Com Uk has invested 0.02% in Seagate Technology PLC (NASDAQ:STX). Brown Advisory holds 5,864 shares or 0% of its portfolio. Us Financial Bank De accumulated 85,294 shares or 0.01% of the stock. Nomura Asset Mngmt Commerce Limited invested in 209,823 shares. Ahl Prns Limited Liability Partnership has invested 0.21% in Seagate Technology PLC (NASDAQ:STX). Pittenger & Anderson Inc accumulated 1,300 shares.

Since February 1, 2017, it had 0 insider buys, and 8 selling transactions for $2.73 million activity. 7,500 shares were sold by MASSARONI KENNETH M, worth $319,350. MORTON DAVID H JR also sold $131,510 worth of Seagate Technology PLC (NASDAQ:STX) shares. $1.03 million worth of Seagate Technology PLC (NASDAQ:STX) was sold by RE MARK.

Quentec Asset Management Llc increased its stake in Seagate Technology Plc (Put) (STX) by 193.8% based on its latest 2016Q4 regulatory filing with the SEC. Quentec Asset Management Llc bought 775,200 shares as the company’s stock declined 9.82% while stock markets rallied. The hedge fund held 1.18 million shares of the electronic components company at the end of 2016Q4, valued at $44.86M, up from 400,000 at the end of the previous reported quarter. Quentec Asset Management Llc who had been investing in Seagate Technology Plc (Put) for a number of months, seems to be bullish on the $11.94 billion market cap company. The stock declined 1.10% or $0.44 reaching $39.06 on the news. About 3.14M shares traded. Seagate Technology PLC (NASDAQ:STX) has risen 107.16% since July 17, 2016 and is uptrending. It has outperformed by 90.46% the S&P500.

Quentec Asset Management Llc, which manages about $578.63 million and $898.02M US Long portfolio, decreased its stake in Himax Technologies Inc (NASDAQ:HIMX) by 1.66M shares to 699,831 shares, valued at $4.23M in 2016Q4, according to the filing. It also reduced its holding in Synaptics Inc (NASDAQ:SYNA) by 379,158 shares in the quarter, leaving it with 6,296 shares, and cut its stake in Ultratech Inc (NASDAQ:UTEK).

More important recent Seagate Technology PLC (NASDAQ:STX) news were published by: Finance.Yahoo.com which released: “Buy Seagate Technology PLC (STX) Stock While It’s on Sale!” on July 13, 2017, also Fool.com published article titled: “Why Seagate Technology plc Stock Fell 11.1% in June”, Businesswire.com published: “Seagate Technology to Report Fiscal Fourth Quarter and Year End 2017 Financial …” on January 04, 2015. More interesting news about Seagate Technology PLC (NASDAQ:STX) was released by: Benzinga.com and their article: “Jim Cramer Advises His Viewers On Seagate, Centurylink And Gilead” with publication date: July 14, 2017.

Seagate Technology PLC (NASDAQ:STX) Ratings Coverage

Among 28 analysts covering Seagate Technology Plc (NASDAQ:STX), 9 have Buy rating, 4 Sell and 15 Hold. Therefore 32% are positive. Seagate Technology Plc had 86 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Seagate Technology PLC (NASDAQ:STX) earned “Hold” rating by Maxim Group on Wednesday, October 12. Citigroup upgraded Seagate Technology PLC (NASDAQ:STX) on Tuesday, July 19 to “Neutral” rating. Needham upgraded the stock to “Strong Buy” rating in Wednesday, October 12 report. The firm has “Hold” rating given on Wednesday, April 13 by Deutsche Bank. The rating was maintained by Brean Capital on Wednesday, October 12 with “Buy”. The firm earned “Hold” rating on Thursday, September 3 by Benchmark. Cowen & Co maintained Seagate Technology PLC (NASDAQ:STX) on Wednesday, January 25 with “Market Perform” rating. The firm has “Sector Perform” rating given on Tuesday, October 11 by FBN Securities. The company was initiated on Friday, December 11 by BMO Capital Markets. JP Morgan upgraded the shares of STX in report on Tuesday, October 11 to “Neutral” rating.

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