Hightower Advisors Decreased By $445,664 Its Seagate Technology Plc (STX) Position; Cdw (CDW) Shorts Down By 9.81%

June 19, 2017 - By Maria Brooks

Hightower Advisors Llc decreased Seagate Technology Plc (STX) stake by 10.58% reported in 2016Q4 SEC filing. Hightower Advisors Llc sold 11,728 shares as Seagate Technology Plc (STX)’s stock declined 9.82%. The Hightower Advisors Llc holds 99,166 shares with $3.79M value, down from 110,894 last quarter. Seagate Technology Plc now has $12.55B valuation. The stock rose 0.92% or $0.38 reaching $41.78. About 1.45M shares traded. Seagate Technology PLC (NASDAQ:STX) has risen 107.16% since June 19, 2016 and is uptrending. It has outperformed by 90.46% the S&P500.

Cdw Corporation (NASDAQ:CDW) had a decrease of 9.81% in short interest. CDW’s SI was 1.92M shares in June as released by FINRA. Its down 9.81% from 2.13 million shares previously. With 784,600 avg volume, 2 days are for Cdw Corporation (NASDAQ:CDW)’s short sellers to cover CDW’s short positions. About 299,535 shares traded. CDW Corp (NASDAQ:CDW) has risen 35.25% since June 19, 2016 and is uptrending. It has outperformed by 18.55% the S&P500.

Since February 1, 2017, it had 0 insider buys, and 8 selling transactions for $2.73 million activity. Another trade for 1,618 shares valued at $72,206 was made by PARK CHONG SUP on Wednesday, February 1. MORTON DAVID H JR had sold 6,197 shares worth $293,366 on Monday, February 20. On Friday, May 12 the insider MASSARONI KENNETH M sold $319,350. The insider RE MARK sold $1.03M.

Investors sentiment decreased to 1.06 in Q4 2016. Its down 0.07, from 1.13 in 2016Q3. It turned negative, as 46 investors sold STX 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. Shelton Capital Mgmt invested 0.07% in Seagate Technology PLC (NASDAQ:STX). 51,000 are held by Viking Fund Mgmt Limited Com. Japan-based Mu Invs has invested 0.05% in Seagate Technology PLC (NASDAQ:STX). Mississippi-based Hancock Holdg has invested 0.07% in Seagate Technology PLC (NASDAQ:STX). Argent Capital Management Ltd Liability Corporation has invested 1.86% in Seagate Technology PLC (NASDAQ:STX). State Of Wisconsin Board owns 105,000 shares for 0.02% of their portfolio. Hillsdale Invest Mngmt accumulated 200 shares. 67,000 were accumulated by Bp Public Limited Company. First Western Cap Mgmt Co has 6,390 shares. Caisse De Depot Et Placement Du Quebec owns 239,600 shares. First Mercantile Tru Co invested in 0.14% or 22,900 shares. Hanson Mcclain owns 248 shares for 0% of their portfolio. Glenmede Trust Na owns 4,567 shares. Moreover, Principal Fin Grp has 0.02% invested in Seagate Technology PLC (NASDAQ:STX). Moneta Grp Inc Inc Inv Advsr Ltd Liability Company invested in 0.05% or 7,005 shares.

Hightower Advisors Llc increased Ishares Tr (DVY) stake by 11,037 shares to 159,749 valued at $14.15 million in 2016Q4. It also upped Schwab Strategic Tr (SCHM) stake by 57,267 shares and now owns 86,479 shares. Ishares Tr (IUSG) was raised too.

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. JP Morgan upgraded Seagate Technology PLC (NASDAQ:STX) on Tuesday, October 11 to “Neutral” rating. RBC Capital Markets maintained Seagate Technology PLC (NASDAQ:STX) on Monday, January 18 with “Outperform” rating. As per Thursday, October 20, the company rating was maintained by Needham. The company was maintained on Thursday, October 8 by RBC Capital Markets. Benchmark upgraded Seagate Technology PLC (NASDAQ:STX) rating on Tuesday, October 11. Benchmark has “Buy” rating and $45 target. The rating was maintained by Cowen & Co with “Market Perform” on Friday, April 29. The company was maintained on Wednesday, August 31 by RBC Capital Markets. The stock has “Buy” rating by Deutsche Bank on Monday, January 11. The firm has “Sell” rating by UBS given on Thursday, September 10. On Thursday, April 14 the stock rating was maintained by Brean Capital with “Buy”.

Analysts await Seagate Technology PLC (NASDAQ:STX) to report earnings on August, 1. They expect $0.99 earnings per share, up 43.48% or $0.30 from last year’s $0.69 per share. STX’s profit will be $297.38 million for 10.55 P/E if the $0.99 EPS becomes a reality. After $1.10 actual earnings per share reported by Seagate Technology PLC for the previous quarter, Wall Street now forecasts -10.00% negative EPS growth.

Since February 16, 2017, it had 0 insider purchases, and 8 selling transactions for $7.41 million activity. 6,700 shares were sold by STEVENS JONATHAN J, worth $394,680. FAIRFIELD NEIL B had sold 5,323 shares worth $316,384. Shares for $240,840 were sold by CORLEY CHRISTINA M on Monday, June 12. $1.00M worth of stock was sold by Richards Thomas E on Monday, May 15. Berger Dennis G sold $3.99M worth of stock. 12,000 CDW Corp (NASDAQ:CDW) shares with value of $710,694 were sold by LEAHY CHRISTINE A. $524,717 worth of CDW Corp (NASDAQ:CDW) was sold by ROTHER CHRISTINA V..

CDW Corporation is a provider of integrated information technology (IT) solutions in the United States, Canada and the United Kingdom. The company has market cap of $9.76 billion. The Company’s divisions include Corporate, Public and Other. It has a 25.37 P/E ratio. The Corporate segment consists of private sector business clients in the United States based on employee size between Medium/Large customers, which primarily includes organizations with more than 100 employees, and Small Business customers, which primarily includes organizations with up to 100 employees.

Investors sentiment decreased to 0.88 in Q4 2016. Its down 0.02, from 0.9 in 2016Q3. It turned negative, as 27 investors sold CDW Corp shares while 129 reduced holdings. 48 funds opened positions while 89 raised stakes. 143.42 million shares or 1.42% less from 145.48 million shares in 2016Q3 were reported. Asset One Limited invested in 0.03% or 265,375 shares. Aqr Cap Mgmt Lc invested 0.05% of its portfolio in CDW Corp (NASDAQ:CDW). Nordea Management accumulated 0% or 3,407 shares. Thompson Siegel Walmsley Lc holds 0% or 7 shares. Massmutual Tru Fsb Adv has 0% invested in CDW Corp (NASDAQ:CDW) for 130 shares. Stifel has 249,019 shares. Jpmorgan Chase & Commerce reported 0.05% stake. The New Jersey-based Kcg has invested 0.01% in CDW Corp (NASDAQ:CDW). Amalgamated Bancorporation has 28,999 shares. Guggenheim Cap Limited Com reported 87,326 shares stake. Financial Advisers has 24,292 shares. Panagora Asset accumulated 64,971 shares. Blackrock holds 0.01% of its portfolio in CDW Corp (NASDAQ:CDW) for 147,325 shares. Trexquant Invest L P stated it has 0.12% of its portfolio in CDW Corp (NASDAQ:CDW). Credit Suisse Ag reported 179,748 shares.

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