Aviance Capital Management LLC Lowered Its Seagate Technology Plc (STX) Holding by $10.59 Million as Market Valuation Declined

February 20, 2018 - By Marie Mckinney

Investors sentiment decreased to 0.78 in Q3 2017. Its down 0.52, from 1.3 in 2017Q2. It is negative, as 73 investors sold STX shares while 163 reduced holdings. 57 funds opened positions while 126 raised stakes. 259.60 million shares or 1.44% more from 255.91 million shares in 2017Q2 were reported. Hgk Asset reported 14,195 shares stake. Chesley Taft & Assoc Ltd Llc invested 0.02% in Seagate Technology plc (NASDAQ:STX). Automobile Association invested 0.02% of its portfolio in Seagate Technology plc (NASDAQ:STX). Credit Agricole S A invested in 0.04% or 333,645 shares. Bnp Paribas Asset Mngmt accumulated 376,572 shares or 0.11% of the stock. Moreover, Robeco Institutional Asset Bv has 0.15% invested in Seagate Technology plc (NASDAQ:STX). Epoch Invest accumulated 3.31M shares. Connecticut-based Wright Service has invested 0.07% in Seagate Technology plc (NASDAQ:STX). Raymond James & Associate reported 1.42M shares. Pinnacle Hldgs Limited Liability Company reported 600 shares stake. Manufacturers Life Insur Com The holds 343,530 shares. Nomura Asset Mngmt holds 170,094 shares or 0.07% of its portfolio. California State Teachers Retirement Sys has invested 0% in Seagate Technology plc (NASDAQ:STX). Putnam Invests Ltd Limited Liability Company has 9,200 shares for 0% of their portfolio. Moreover, Assetmark has 0.05% invested in Seagate Technology plc (NASDAQ:STX).

Since October 23, 2017, it had 0 insider buys, and 10 sales for $29.78 million activity. The insider PARK CHONG SUP sold 4,026 shares worth $218,290. MORTON DAVID H JR sold $316,360 worth of stock. MURPHY JAMES J also sold $781,850 worth of Seagate Technology plc (NASDAQ:STX) on Wednesday, January 31. 44,944 shares were sold by BRACE PHILIP G, worth $1.67M. Moyo Dambisa F also sold $339,965 worth of Seagate Technology plc (NASDAQ:STX) shares.

Aviance Capital Management Llc decreased its stake in Seagate Technology Plc (STX) by 99.93% based on its latest 2017Q3 regulatory filing with the SEC. Aviance Capital Management Llc sold 320,959 shares as the company’s stock declined 9.82% while stock markets rallied. The institutional investor held 238 shares of the electronic components company at the end of 2017Q3, valued at $8,000, down from 321,197 at the end of the previous reported quarter. Aviance Capital Management Llc who had been investing in Seagate Technology Plc for a number of months, seems to be less bullish one the $14.69B market cap company. The stock increased 0.31% or $0.16 during the last trading session, reaching $51.58. About 223,188 shares traded. Seagate Technology plc (NASDAQ:STX) has risen 107.16% since February 20, 2017 and is uptrending. It has outperformed by 90.46% the S&P500.

Aviance Capital Management Llc, which manages about $2.20 billion and $1.45 billion US Long portfolio, upped its stake in Royal Dutch Shell Plc by 177,399 shares to 419,404 shares, valued at $26.23 million in 2017Q3, according to the filing. It also increased its holding in First Trust North Amer Engy Infrasetf (EMLP) by 226,812 shares in the quarter, for a total of 427,401 shares, and has risen its stake in Bp Plc Adr (NYSE:BP).

More important recent Seagate Technology plc (NASDAQ:STX) news were published by: Investorplace.com which released: “Seagate Technology PLC Stock Dips Despite Earnings Beat” on January 29, 2018, also Fool.com published article titled: “Why Seagate Technology PLC Stock Rose 32% in January”, Realmoney.Thestreet.com published: “Seagate Technology Longs Have a Tiger by the Tail” on January 24, 2018. More interesting news about Seagate Technology plc (NASDAQ:STX) was released by: Schaeffersresearch.com and their article: “Buy Signal Says Now’s the Time to Trade Seagate Technology Calls” with publication date: February 16, 2018.

Seagate Technology plc (NASDAQ:STX) Ratings Coverage

Among 34 analysts covering Seagate Technology Plc (NASDAQ:STX), 8 have Buy rating, 3 Sell and 23 Hold. Therefore 24% are positive. Seagate Technology Plc had 132 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Seagate Technology plc (NASDAQ:STX) earned “Sector Weight” rating by Pacific Crest on Friday, October 16. The rating was initiated by Guggenheim on Wednesday, January 4 with “Neutral”. The rating was initiated by Sterne Agee CRT on Tuesday, September 29 with “Neutral”. The stock has “Outperform” rating by RBC Capital Markets on Thursday, October 8. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Monday, May 2. The company was maintained on Wednesday, July 26 by Citigroup. On Monday, January 8 the stock rating was maintained by RBC Capital Markets with “Hold”. RBC Capital Markets maintained the shares of STX in report on Tuesday, October 24 with “Hold” rating. The firm has “Hold” rating by Jefferies given on Monday, September 11. The firm has “Buy” rating given on Tuesday, April 26 by BTIG Research.

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