Analysts at Wells Fargo Kept the Same their “Market Perform” rating for Seagate Technology PLC STX (STX) with $38.00 Price Objective; Netapp (NTAP) SI Increased By 0.28%

November 15, 2017 - By Vivian Currie

Among 8 analysts covering Seagate Technology PLC STX (NYSE:STX), 4 have Buy rating, 1 Sell and 3 Hold. Therefore 50% are positive. Seagate Technology PLC STX has $57 highest and $36 lowest target. $46.83’s average target is 24.02% above currents $37.76 stock price. Seagate Technology PLC STX had 9 analyst reports since April 7, 2017 according to SRatingsIntel. As per Tuesday, April 11, the company rating was upgraded by Longbow. The stock of Seagate Technology PLC (NASDAQ:STX) earned “Strong Buy” rating by Needham on Thursday, April 27. Barclays Capital downgraded Seagate Technology PLC (NASDAQ:STX) on Thursday, July 13 to “Underweight” rating. The firm earned “Outperform” rating on Wednesday, July 26 by Cowen & Co. As per Wednesday, April 26, the company rating was maintained by Cowen & Co. On Thursday, April 13 the stock rating was maintained by Susquehanna with “Neutral”. The rating was maintained by BTIG Research on Friday, April 7 with “Buy”. The firm earned “In-Line” rating on Friday, June 16 by Evercore. RBC Capital Markets maintained Seagate Technology PLC (NASDAQ:STX) on Thursday, April 27 with “Sector Perform” rating.

Netapp Incorporated (NASDAQ:NTAP) had an increase of 0.28% in short interest. NTAP’s SI was 12.90M shares in November as released by FINRA. Its up 0.28% from 12.87 million shares previously. With 2.32 million avg volume, 6 days are for Netapp Incorporated (NASDAQ:NTAP)’s short sellers to cover NTAP’s short positions. About 1.76M shares traded. NetApp Inc. (NASDAQ:NTAP) has risen 68.93% since November 15, 2016 and is uptrending. It has outperformed by 52.23% the S&P500.

About 2.21 million shares traded. Seagate Technology PLC (NYSE:STX) has risen 107.16% since November 15, 2016 and is uptrending. It has outperformed by 90.46% the S&P500.

Analysts await Seagate Technology PLC (NASDAQ:STX) to report earnings on January, 23. They expect $1.15 earnings per share, down 16.67% or $0.23 from last year’s $1.38 per share. STX’s profit will be $332.57M for 8.21 P/E if the $1.15 EPS becomes a reality. After $0.96 actual earnings per share reported by Seagate Technology PLC for the previous quarter, Wall Street now forecasts 19.79% EPS growth.

Since May 16, 2017, it had 0 insider purchases, and 2 insider sales for $438,629 activity. 3,809 shares were sold by PARK CHONG SUP, worth $166,187. Another trade for 7,500 shares valued at $307,119 was made by MASSARONI KENNETH M on Monday, June 12. The insider MORTON DAVID H JR sold 3,040 shares worth $131,510.

Seagate Technology public limited company is a well-known provider of electronic data storage technology and solutions. The company has market cap of $10.92 billion. The Company’s principal products are hard disk drives . It has a 14.28 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.

Investors sentiment decreased to 1.3 in 2017 Q2. Its down 0.03, from 1.33 in 2017Q1. It is negative, as 64 investors sold Seagate Technology PLC shares while 133 reduced holdings. 73 funds opened positions while 183 raised stakes. 255.91 million shares or 1.00% more from 253.38 million shares in 2017Q1 were reported. Price T Rowe Associates Md invested in 545,079 shares or 0% of the stock. Alps Advsrs Inc owns 1.11 million shares for 0.3% of their portfolio. Baystate Wealth Mngmt Limited Company accumulated 0% or 10 shares. Quantitative Invest Mgmt Ltd Liability Company holds 166,700 shares or 0.1% of its portfolio. Amica Pension Fund Board Of Trustees holds 0.08% of its portfolio in Seagate Technology PLC (NASDAQ:STX) for 17,127 shares. Farmers And Merchants Invests reported 0% stake. World Asset Management Inc has 0.03% invested in Seagate Technology PLC (NASDAQ:STX) for 25,787 shares. Tudor Invest Et Al invested in 36,671 shares or 0.04% of the stock. Massachusetts-based Rhumbline Advisers has invested 0.03% in Seagate Technology PLC (NASDAQ:STX). Burke Herbert Retail Bank Tru invested 0.21% in Seagate Technology PLC (NASDAQ:STX). Pacad Invest Ltd accumulated 26,600 shares. Dekabank Deutsche Girozentrale, Germany-based fund reported 27,098 shares. 6,000 are held by Davis R M Inc. Blackrock owns 18.59M shares for 0.04% of their portfolio. Emory University stated it has 1.25% of its portfolio in Seagate Technology PLC (NASDAQ:STX).

Investors sentiment decreased to 1.18 in 2017 Q2. Its down 0.05, from 1.23 in 2017Q1. It turned negative, as 39 investors sold NetApp Inc. shares while 130 reduced holdings. 49 funds opened positions while 150 raised stakes. 242.73 million shares or 2.39% more from 237.08 million shares in 2017Q1 were reported. Voya Inv Mngmt owns 232,505 shares. Kentucky Retirement System Insur Trust Fund holds 0.05% or 7,421 shares in its portfolio. Wells Fargo And Mn holds 0.04% of its portfolio in NetApp Inc. (NASDAQ:NTAP) for 2.75 million shares. James Investment Research Incorporated reported 30,140 shares. Advisory Services Ntwk Ltd Llc reported 192 shares. Pension owns 307,004 shares or 0.07% of their US portfolio. Amica Retiree Med Trust holds 3,223 shares. Ngam L P holds 0.03% in NetApp Inc. (NASDAQ:NTAP) or 72,981 shares. State Of Tennessee Treasury Department stated it has 74,108 shares or 0.01% of all its holdings. Kistler invested in 388 shares or 0.01% of the stock. Bedrijfstakpensioenfonds Voor De Media Pno owns 28,868 shares. Aberdeen Asset Public Limited Company Uk invested in 547,294 shares or 0.07% of the stock. Riverhead Cap Ltd Liability holds 0.67% of its portfolio in NetApp Inc. (NASDAQ:NTAP) for 339,018 shares. Mitsubishi Ufj Trust Corp holds 0.04% or 561,847 shares in its portfolio. Pictet Asset Mgmt Ltd reported 142,459 shares stake.

Among 43 analysts covering Netapp Inc. (NASDAQ:NTAP), 14 have Buy rating, 8 Sell and 21 Hold. Therefore 33% are positive. Netapp Inc. had 124 analyst reports since August 17, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Wednesday, September 28 with “Hold”. The stock has “Sell” rating by Summit Research on Monday, August 17. The stock has “Underweight” rating by Barclays Capital on Thursday, August 18. The firm has “Buy” rating given on Monday, September 26 by Cross Research. The rating was upgraded by Barclays Capital to “Overweight” on Thursday, November 9. The firm has “Buy” rating given on Tuesday, October 3 by Piper Jaffray. The stock has “Neutral” rating by JP Morgan on Thursday, August 18. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, August 16. As per Wednesday, January 6, the company rating was maintained by UBS. Maxim Group maintained the shares of NTAP in report on Thursday, February 18 with “Buy” rating.

Since May 26, 2017, it had 0 buys, and 6 insider sales for $2.60 million activity. $160,480 worth of NetApp Inc. (NASDAQ:NTAP) shares were sold by Kurian George. Another trade for 8,070 shares valued at $317,767 was sold by FAWCETT MATTHEW K. $809,134 worth of NetApp Inc. (NASDAQ:NTAP) was sold by ALLEN JEFFRY R. REICH JOEL D sold 13,118 shares worth $527,143.

NetApp, Inc. provides software, systems and services to manage and store customer data. The company has market cap of $12.41 billion. The Firm enables enterprises, service providers, governmental organizations, and partners to envision, deploy and evolve their information technology (IT) environments. It has a 22.15 P/E ratio. The Firm offers a portfolio of services and products that satisfy a range of customer workloads across different data types and deployment models.