Shares of Seagate Technology PLC (STX) Sees Large Inflow of Net Money Flow

Seagate Technology PLC (STX) witnessed a selling pressure and the shares last traded with a loss of -0.41 points or -0.91% at $44.74. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $4.19 million with an inflow of $34.29 million in upticks and an outflow of $30.1 million in downticks. Using the data, the up/down ratio is found to be 1.14. The share price has recorded 0.54% on a weekly basis.A block trade of $6.57 million in uptick and $2.91 million in downtick was also observed, resulting in an up/down ratio of 2.26. The net money flow of the block trade stood at a $3.66, signaling heavy buying.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Seagate Technology plc rose by 4.94% in the last five trading days and 17.32% for the last 4 weeks. Seagate Technology plc is up 32.65% in the last 3-month period. Year-to-Date the stock performance stands at 17.32%. Seagate Technology PLC (NASDAQ:STX) witnessed a decline in the market cap on Wednesday as its shares dropped 0.82% or 0.37 points. After the session commenced at $45.61, the stock reached the higher end at $45.65 while it hit a low of $44.05. With the volume soaring to 5,382,069 shares, the last trade was called at $44.78. The company has a 52-week high of $46.68. The company has a market cap of $13,218 million and there are 295,176,870 shares in outstanding. The 52-week low of the share price is $18.4201.

Company has reported several Insider transactions to the SEC, on Nov 22, 2016, Mark Re (SVP & CTO) sold 11,000 shares at 38.97 per share price.On Nov 18, 2016, Regan J Macpherson (SVP and General Counsel) sold 3,091 shares at 38.40 per share price.On Sep 16, 2016, David H Jr Morton (EVP & CFO) sold 1,716 shares at 36.16 per share price.

Seagate Technology PLC Last issued its quarterly earnings results on Jan 24, 2017. The company reported $1.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.24. Analyst had a consensus of $1.08. The company had revenue of $2894.00 million for the quarter, compared to analysts expectations of $2830.03 million. The companys revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.82 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Barclays on Jan 31, 2017 to Equal Weight, Raises Price Target to $ 49 from a previous price target of $46 .Company shares were Reiterated by Mizuho on Jan 25, 2017 to Neutral, Raises Price Target to $ 40 from a previous price target of $34 .Company shares were Reiterated by Cowen on Jan 25, 2017 to Market Perform, Raises Price Target to $ 46 from a previous price target of $36 .Company shares were Reiterated by Needham on Jan 25, 2017 to Strong Buy, Raises Price Target to $ 55 from a previous price target of $47 .Company shares were Reiterated by The Benchmark Company on Jan 25, 2017 to Buy, Raises Price Target to $ 50 from a previous price target of $45 .

Seagate Technology PLC offers a portfolio of hard disc drives, solid state drives and solid state hybrid drives. It offers a range of disk drive products for the enterprise, client compute and client non-compute market applications. The Company also provides data storage services for businesses, including online backup, data protection and recovery solutions. Seagate Technology PLC is headquartered in Dublin, Ireland.


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