Marathon Capital Management Holding In Seagate Technology (STX) Was Boosted; Eqis Capital Management Decreased Its Mastercard Com (MA) Holding by $313,174

May 26, 2018 - By Peter Erickson

Seagate Technology plc (NASDAQ:STX) Logo

Marathon Capital Management increased its stake in Seagate Technology (STX) by 479.8% based on its latest 2017Q4 regulatory filing with the SEC. Marathon Capital Management bought 29,148 shares as the company’s stock rose 36.04% while stock markets declined. The institutional investor held 35,223 shares of the electronic components company at the end of 2017Q4, valued at $1.47 million, up from 6,075 at the end of the previous reported quarter. Marathon Capital Management who had been investing in Seagate Technology for a number of months, seems to be bullish on the $16.50 billion market cap company. The stock decreased 1.39% or $0.81 during the last trading session, reaching $57.47. About 1.84 million shares traded. Seagate Technology plc (NASDAQ:STX) has risen 27.74% since May 26, 2017 and is uptrending. It has outperformed by 16.19% the S&P500.

Eqis Capital Management Inc decreased its stake in Mastercard Inc Com (MA) by 8.05% based on its latest 2017Q4 regulatory filing with the SEC. Eqis Capital Management Inc sold 2,074 shares as the company’s stock rose 14.37% while stock markets declined. The institutional investor held 23,701 shares of the business services company at the end of 2017Q4, valued at $3.59M, down from 25,775 at the end of the previous reported quarter. Eqis Capital Management Inc who had been investing in Mastercard Inc Com for a number of months, seems to be less bullish one the $199.58B market cap company. The stock decreased 0.39% or $0.74 during the last trading session, reaching $191.17. About 2.46 million shares traded. Mastercard Incorporated (NYSE:MA) has risen 54.12% since May 26, 2017 and is uptrending. It has outperformed by 42.57% the S&P500.

Investors sentiment increased to 0.91 in 2017 Q4. Its up 0.02, from 0.89 in 2017Q3. It improved, as 46 investors sold MA shares while 492 reduced holdings. 131 funds opened positions while 356 raised stakes. 764.78 million shares or 1.94% less from 779.91 million shares in 2017Q3 were reported. Hanson Mcclain, California-based fund reported 1,273 shares. Ibm Retirement Fund holds 0.69% or 24,790 shares in its portfolio. Winslow Management Ltd Liability has invested 2.27% of its portfolio in Mastercard Incorporated (NYSE:MA). Mairs And accumulated 1,368 shares. 19,639 are owned by First Mercantile. Greenwood Assocs Ltd Liability Company reported 1.34% stake. Maltese Capital Management Ltd Limited Liability Company stated it has 62,500 shares or 0.71% of all its holdings. Yhb Invest Incorporated reported 3,418 shares or 0.09% of all its holdings. 57,875 are owned by Deltec Asset Lc. Eagle Ridge Inv Management holds 86,725 shares. Birinyi Associates holds 75,349 shares or 5.09% of its portfolio. Glg Ltd owns 46,449 shares. Caprock Gru stated it has 3,305 shares. Peloton Wealth Strategists stated it has 45,910 shares or 5.16% of all its holdings. Silvercrest Asset Group Incorporated Ltd Liability Corporation owns 4,669 shares.

Analysts await Mastercard Incorporated (NYSE:MA) to report earnings on July, 26. They expect $1.54 EPS, up 40.00% or $0.44 from last year’s $1.1 per share. MA’s profit will be $1.61B for 31.03 P/E if the $1.54 EPS becomes a reality. After $1.50 actual EPS reported by Mastercard Incorporated for the previous quarter, Wall Street now forecasts 2.67% EPS growth.

Among 40 analysts covering Mastercard Incorporated (NYSE:MA), 35 have Buy rating, 0 Sell and 5 Hold. Therefore 88% are positive. Mastercard Incorporated had 131 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Morgan Stanley given on Thursday, May 3. PiperJaffray maintained the stock with “Overweight” rating in Friday, February 2 report. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, October 18 report. As per Friday, October 30, the company rating was downgraded by S&P Research. On Thursday, March 29 the stock rating was maintained by Wells Fargo with “Buy”. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Friday, May 4. As per Wednesday, November 1, the company rating was maintained by JP Morgan. The firm has “Buy” rating given on Wednesday, November 1 by KeyBanc Capital Markets. The company was maintained on Thursday, December 31 by Piper Jaffray. As per Thursday, September 7, the company rating was maintained by Piper Jaffray.

Eqis Capital Management Inc, which manages about $779.38 million and $1.96B US Long portfolio, upped its stake in Cae Inc (NYSE:CAE) by 24,272 shares to 95,475 shares, valued at $1.77M in 2017Q4, according to the filing. It also increased its holding in Proshares Ultra Utilities (UPW) by 14,096 shares in the quarter, for a total of 18,769 shares, and has risen its stake in Canadian Pac Ry Ltd (NYSE:CP).

More recent Mastercard Incorporated (NYSE:MA) news were published by: Seekingalpha.com which released: “Mastercard jumps after revenue guidance lift” on May 02, 2018. Also Seekingalpha.com published the news titled: “Stocks To Watch: Powerhouse CEOs In The Limelight” on May 26, 2018. Seekingalpha.com‘s news article titled: “Mastercard: Is It Overvalued?” with publication date: May 16, 2018 was also an interesting one.

Since January 2, 2018, it had 0 insider buys, and 8 sales for $59.23 million activity. 4,122 Mastercard Incorporated (NYSE:MA) shares with value of $741,960 were sold by Fraccaro Michael. 30,628 Mastercard Incorporated (NYSE:MA) shares with value of $5.53M were sold by Murphy Timothy H. McLaughlin Edward Grunde had sold 17,167 shares worth $2.61 million. Vosburg Craig also sold $3.25 million worth of Mastercard Incorporated (NYSE:MA) on Thursday, May 3. Shares for $866,104 were sold by Haythornthwaite Richard on Monday, April 2. 5,950 Mastercard Incorporated (NYSE:MA) shares with value of $1.09 million were sold by CARLUCCI DAVID R.

Among 36 analysts covering Seagate Technology Plc (NASDAQ:STX), 10 have Buy rating, 3 Sell and 23 Hold. Therefore 28% are positive. Seagate Technology Plc had 145 analyst reports since August 4, 2015 according to SRatingsIntel. As per Thursday, September 29, the company rating was maintained by Barclays Capital. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, October 3. The stock has “Hold” rating by Deutsche Bank on Wednesday, April 13. The company was maintained on Friday, April 29 by Cowen & Co. The stock has “Hold” rating by Maxim Group on Monday, May 2. The stock of Seagate Technology plc (NASDAQ:STX) has “Hold” rating given on Wednesday, July 26 by Maxim Group. The rating was downgraded by Needham on Friday, October 16 to “Buy”. Craig Hallum maintained Seagate Technology plc (NASDAQ:STX) rating on Wednesday, September 7. Craig Hallum has “Buy” rating and $50 target. Craig Hallum maintained Seagate Technology plc (NASDAQ:STX) on Tuesday, January 9 with “Buy” rating. The company was downgraded on Wednesday, July 26 by Craig Hallum.

Since January 8, 2018, it had 0 buys, and 16 selling transactions for $38.24 million activity. On Monday, March 5 MORTON DAVID H JR sold $1.93 million worth of Seagate Technology plc (NASDAQ:STX) or 35,142 shares. BRACE PHILIP G sold 12,000 shares worth $557,280. LUCZO STEPHEN J sold $277,200 worth of Seagate Technology plc (NASDAQ:STX) on Tuesday, April 10. MURPHY JAMES J had sold 14,175 shares worth $781,850. $218,290 worth of Seagate Technology plc (NASDAQ:STX) was sold by PARK CHONG SUP. Shares for $125,701 were sold by Nygaard Jeffrey D..

More notable recent Seagate Technology plc (NASDAQ:STX) news were published by: Nasdaq.com which released: “Seagate Technology PLC Stock Drops Despite Strong Q3 Earnings” on May 01, 2018, also Seekingalpha.com with their article: “Best And Worst Performing Nasdaq 100 Stocks Of 2018” published on May 25, 2018, Seekingalpha.com published: “Seagate: No Longer The Best Memory Stock” on May 02, 2018. More interesting news about Seagate Technology plc (NASDAQ:STX) were released by: Investorplace.com and their article: “3 Tech Stocks for Dividend Investors to Buy Now” published on May 24, 2018 as well as Seekingalpha.com‘s news article titled: “Seagate Technology 2018 Q3 – Results – Earnings Call Slides” with publication date: May 01, 2018.

Marathon Capital Management, which manages about $255.99 million US Long portfolio, decreased its stake in Silver Spring Networ (NYSE:SSNI) by 49,367 shares to 280,068 shares, valued at $4.55 million in 2017Q4, according to the filing. It also reduced its holding in T Rowe Price Group Inc (NASDAQ:TROW) by 37,865 shares in the quarter, leaving it with 1.33 million shares, and cut its stake in Cui Global Inc New (NASDAQ:CUI).

Mastercard Incorporated (NYSE:MA) Institutional Positions Chart

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