Seagate Technology plc (STX) Is At $60.10 Formed Wedge; Shellback Capital LP Raised Micron Technology (MU) Holding By $16.40 Million

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Seagate Technology plc (STX) formed wedge up with $64.31 target or 7.00% above today’s $60.10 share price. Seagate Technology plc (STX) has $17.12B valuation. The stock increased 0.34% or $0.2048 during the last trading session, reaching $60.1048. About 613,568 shares traded. Seagate Technology plc (NASDAQ:STX) has risen 27.74% since April 20, 2017 and is uptrending. It has outperformed by 16.19% the S&P500.

Shellback Capital Lp increased Micron Technology Inc (MU) stake by 66.67% reported in 2017Q4 SEC filing. Shellback Capital Lp acquired 400,000 shares as Micron Technology Inc (MU)’s stock rose 18.77%. The Shellback Capital Lp holds 1.00M shares with $41.12M value, up from 600,000 last quarter. Micron Technology Inc now has $59.49 billion valuation. The stock decreased 0.24% or $0.12 during the last trading session, reaching $51.3. About 9.67 million shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 82.20% since April 20, 2017 and is uptrending. It has outperformed by 70.65% the S&P500.

Since October 19, 2017, it had 0 buys, and 10 selling transactions for $5.48 million activity. BAILEY ROBERT L sold $128,197 worth of Micron Technology, Inc. (NASDAQ:MU) on Tuesday, January 2. 532 shares valued at $31,814 were sold by ARNZEN APRIL S on Thursday, March 15. $768,439 worth of Micron Technology, Inc. (NASDAQ:MU) shares were sold by Deboer Scott J. Another trade for 50,000 shares valued at $2.17M was made by Mondry Lawrence N on Wednesday, February 14. 25,000 shares valued at $1.26M were sold by JOHNSON MERCEDES on Monday, April 2.

Investors sentiment decreased to 1.24 in Q4 2017. Its down 0.13, from 1.37 in 2017Q3. It dropped, as 49 investors sold MU shares while 245 reduced holdings. 126 funds opened positions while 239 raised stakes. 883.15 million shares or 0.40% less from 886.67 million shares in 2017Q3 were reported. Parkwood Limited Liability Co accumulated 17,919 shares. Neuberger Berman Group Inc Ltd Company holds 161,336 shares. 11,740 were reported by Ipswich Invest Mngmt Com. California State Teachers Retirement Sys reported 0.17% stake. 29,909 were reported by Advisory Network Llc. Mitsubishi Ufj Securities Holdg Communication Limited reported 9,810 shares or 1.69% of all its holdings. C M Bidwell Associates reported 0.89% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Point72 Asia (Hong Kong) reported 0.71% in Micron Technology, Inc. (NASDAQ:MU). Tci Wealth Advsr Inc holds 0% or 100 shares in its portfolio. Wedge Mgmt L Lp Nc owns 1.50M shares. Fagan Associates Inc reported 45,025 shares or 0.75% of all its holdings. Cibc Ww holds 0.76% in Micron Technology, Inc. (NASDAQ:MU) or 2.58 million shares. Ahl Prtn Limited Liability Partnership holds 0.06% or 93,574 shares in its portfolio. Prudential Public Limited Co accumulated 166,101 shares or 0.02% of the stock. Gideon Advsr reported 0.73% in Micron Technology, Inc. (NASDAQ:MU).

Shellback Capital Lp decreased Pinnacle Entmt Inc New stake by 144,641 shares to 760,851 valued at $24.90M in 2017Q4. It also reduced Lowes Cos Inc (NYSE:LOW) stake by 170,000 shares and now owns 175,000 shares. Lauder Estee Cos Inc (NYSE:EL) was reduced too.

Among 42 analysts covering Micron Technology Inc. (NASDAQ:MU), 34 have Buy rating, 1 Sell and 7 Hold. Therefore 81% are positive. Micron Technology Inc. had 238 analyst reports since July 29, 2015 according to SRatingsIntel. Morgan Stanley maintained the shares of MU in report on Tuesday, September 5 with “Buy” rating. As per Thursday, December 24, the company rating was maintained by Argus Research. Needham downgraded the stock to “Hold” rating in Wednesday, October 21 report. The company was downgraded on Wednesday, May 24 by Standpoint Research. The firm earned “Buy” rating on Wednesday, December 20 by Wells Fargo. As per Tuesday, December 13, the company rating was initiated by Loop Capital. Nomura maintained the stock with “Buy” rating in Monday, October 16 report. The rating was downgraded by Needham to “Underperform” on Tuesday, March 29. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, December 20. The rating was downgraded by Citigroup on Friday, March 23 to “Hold”.

Since October 23, 2017, it had 0 insider buys, and 15 insider sales for $33.15 million activity. On Thursday, January 11 BRACE PHILIP G sold $242,000 worth of Seagate Technology plc (NASDAQ:STX) or 5,000 shares. On Tuesday, October 24 the insider Moyo Dambisa F sold $339,965. 40,263 shares were sold by MORTON DAVID H JR, worth $1.96 million on Monday, January 8. On Tuesday, January 30 the insider PARK CHONG SUP sold $218,290. LUCZO STEPHEN J also sold $277,200 worth of Seagate Technology plc (NASDAQ:STX) on Tuesday, April 10. MURPHY JAMES J also sold $781,850 worth of Seagate Technology plc (NASDAQ:STX) on Wednesday, January 31. 4,475 Seagate Technology plc (NASDAQ:STX) shares with value of $235,833 were sold by Geldmacher Jay L.

Analysts await Seagate Technology plc (NASDAQ:STX) to report earnings on May, 1 before the open. They expect $1.31 EPS, up 19.09% or $0.21 from last year’s $1.1 per share. STX’s profit will be $373.11M for 11.47 P/E if the $1.31 EPS becomes a reality. After $1.48 actual EPS reported by Seagate Technology plc for the previous quarter, Wall Street now forecasts -11.49% negative EPS growth.

Among 35 analysts covering Seagate Technology Plc (NASDAQ:STX), 10 have Buy rating, 3 Sell and 22 Hold. Therefore 29% are positive. Seagate Technology Plc had 140 analyst reports since August 4, 2015 according to SRatingsIntel. As per Tuesday, September 29, the company rating was initiated by Sterne Agee CRT. The firm has “Strong Buy” rating by S&P Research given on Thursday, October 8. The stock of Seagate Technology plc (NASDAQ:STX) has “Sector Perform” rating given on Monday, October 3 by RBC Capital Markets. The firm earned “Buy” rating on Tuesday, January 9 by Craig Hallum. The stock of Seagate Technology plc (NASDAQ:STX) has “Strong Buy” rating given on Thursday, October 20 by Needham. The firm has “Hold” rating by Maxim Group given on Monday, May 2. As per Tuesday, October 11, the company rating was upgraded by Benchmark. The stock of Seagate Technology plc (NASDAQ:STX) earned “Market Perform” rating by BMO Capital Markets on Thursday, August 20. As per Monday, January 29, the company rating was maintained by Robert W. Baird. Craig Hallum maintained the shares of STX in report on Wednesday, September 7 with “Buy” rating.

Micron Technology, Inc. (NASDAQ:MU) Institutional Positions Chart