$0.99 EPS Expected for Seagate Technology PLC (STX); Allot Communications Limited Ord (ALLT) Sellers Decreased By 4.68% Their Shorts

July 6, 2017 - By Adrian Erickson

Analysts expect Seagate Technology PLC (NASDAQ:STX) to report $0.99 EPS on August, 1.They anticipate $0.30 EPS change or 43.48% from last quarter’s $0.69 EPS. STX’s profit would be $296.89 million giving it 9.52 P/E if the $0.99 EPS is correct. After having $1.10 EPS previously, Seagate Technology PLC’s analysts see -10.00% EPS growth. About 3.74 million shares traded. Seagate Technology PLC (NASDAQ:STX) has risen 107.16% since July 6, 2016 and is uptrending. It has outperformed by 90.46% the S&P500.

Allot Communications Limited Ord (NASDAQ:ALLT) had a decrease of 4.68% in short interest. ALLT’s SI was 380,600 shares in July as released by FINRA. Its down 4.68% from 399,300 shares previously. With 13,600 avg volume, 28 days are for Allot Communications Limited Ord (NASDAQ:ALLT)’s short sellers to cover ALLT’s short positions. The SI to Allot Communications Limited Ord’s float is 1.27%. About 26,014 shares traded or 26.69% up from the average. Allot Communications Ltd (NASDAQ:ALLT) has risen 1.03% since July 6, 2016 and is uptrending. It has underperformed by 15.67% the S&P500.

Since February 1, 2017, it had 0 insider purchases, and 8 selling transactions for $2.73 million activity. $417,616 worth of stock was sold by RE MARK on Monday, May 15. 3,809 Seagate Technology PLC (NASDAQ:STX) shares with value of $166,187 were sold by PARK CHONG SUP. 7,500 shares were sold by MASSARONI KENNETH M, worth $319,350 on Friday, May 12. $131,510 worth of stock was sold by MORTON DAVID H JR on Friday, June 9.

Seagate Technology public limited company is a well-known provider of electronic data storage technology and solutions. The company has market cap of $11.30 billion. The Company’s principal products are hard disk drives . It has a 15.49 P/E ratio. In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers.

Among 28 analysts covering Seagate Technology Plc (NASDAQ:STX), 9 have Buy rating, 3 Sell and 16 Hold. Therefore 32% are positive. Seagate Technology Plc had 83 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Strong Buy” rating by Needham on Thursday, October 20. The stock of Seagate Technology PLC (NASDAQ:STX) has “Market Perform” rating given on Wednesday, January 25 by Cowen & Co. The firm has “Equal Weight” rating given on Tuesday, January 31 by Barclays Capital. The firm has “Neutral” rating by Susquehanna given on Monday, October 19. Morgan Stanley downgraded Seagate Technology PLC (NASDAQ:STX) rating on Thursday, July 23. Morgan Stanley has “Underweight” rating and $34 target. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, August 3. The stock of Seagate Technology PLC (NASDAQ:STX) has “Outperform” rating given on Monday, January 18 by RBC Capital Markets. FBN Securities maintained it with “Sector Perform” rating and $38 target in Tuesday, October 11 report. Maxim Group maintained the stock with “Hold” rating in Monday, May 2 report. Maxim Group downgraded Seagate Technology PLC (NASDAQ:STX) rating on Monday, November 2. Maxim Group has “Hold” rating and $45 target.

Investors sentiment decreased to 1.06 in 2016 Q4. Its down 0.07, from 1.13 in 2016Q3. It dropped, as 46 investors sold Seagate Technology PLC 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. Brown Advisory Inc invested in 0% or 5,864 shares. Wolverine Asset Management Ltd Liability Com accumulated 1,050 shares. Diligent Investors Lc holds 0.48% or 16,000 shares. Jarislowsky Fraser Ltd owns 33,850 shares. Missouri-based Amer Century has invested 0.02% in Seagate Technology PLC (NASDAQ:STX). Mackenzie Fincl has 0.01% invested in Seagate Technology PLC (NASDAQ:STX) for 60,168 shares. Hanson Mcclain Incorporated reported 248 shares. Invesco Limited holds 3.31M shares or 0.04% of its portfolio. Moreover, Bessemer Gp Inc has 0% invested in Seagate Technology PLC (NASDAQ:STX). Huntington Fincl Bank owns 1,543 shares. Ardsley Advisory Prns owns 12,000 shares for 0.08% of their portfolio. Oppenheimer & reported 0.02% in Seagate Technology PLC (NASDAQ:STX). Sumitomo Mitsui Asset Mngmt Limited has 0.02% invested in Seagate Technology PLC (NASDAQ:STX) for 22,820 shares. Tourbillon Cap Prtnrs Limited Partnership reported 1.55M shares. Rafferty Asset invested 0.21% in Seagate Technology PLC (NASDAQ:STX).