Seagate Tech (STX) Rating Reconfirmed

Mizuho Securities currently has a $53.0 TP on the $ market cap company or -3.83 % downside potential. In an analyst report issued on Tuesday morning, Seagate Tech (STX) stock had its Neutral Rating reiterated by professional analysts at Mizuho Securities.

STX is currently trading 0.00% lower at $0.00 as of 10:02 PM New York time. Seagate Tech’s stock is 0% in the last 200 days. It has underperformed the Standard & Poor’s 500 index, which has gained 6.00% in the same time.

Out of 25 brokers covering Seagate Tech, 8 rate it a Buy, 20 indicate a Hold while 4 suggest a Sell. The highest target is $50 and the lowest is $17 according to Thomson/First Call. The 12-month mean target is $27.84, which means upside potential of ∞% over the current price.

Institutional Ownership

Harvey Partners Llc had the largest stake with ownership of 77,500 shares as of q2 2015 for 3.59% of the stock exposure. Valueact Holdings L.P. is another bull as the institutional investor who is having 9.54 million shares of Seagate Tech or 3.2% of their stock exposure. Moreover, Pzena Investment Management Llc have 2.61% of their stock exposure invested in the company for 11.07 million shares. The Minnesota-based fund Disciplined Growth Investors Inc Mn disclosed it had bought so far a stake worth about 2.26% of the institutional investor’s stock portfolio in Seagate Tech. The Georgia-based fund Zwj Investment Counsel Inc is also positive about the stock, possessing 2.47 million shares or 1.8% of their stock exposure.

Seagate Tech (STX) closed at $0 yesterday. A total of shares of the company’s stock traded hands. This is down from average of shares. Seagate Tech has a 52 week low of $0.00 and a 52 week high of $0. The company has a market cap of $ and a P/E ratio of 0.

Get the latest Seagate Tech (STX) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Mizuho Securities Analyst Reaffirmed $53.0 Price Target on Seagate Tech (STX) stock, While Reiterating Neutral Rating appeared first on Octafinance.