Seagate Tech (STX) Holder Todd Asset Management Boosted Its Position by $10.60 Million as Valuation Declined; As Sunpower (SPWR) Shares Declined, Dnb Asset Management As Lowered Its Holding

February 15, 2018 - By Migdalia James

Dnb Asset Management As decreased its stake in Sunpower Corp (SPWR) by 59.62% based on its latest 2017Q3 regulatory filing with the SEC. Dnb Asset Management As sold 298,280 shares as the company’s stock declined 4.44% while stock markets rallied. The institutional investor held 201,992 shares of the semiconductors company at the end of 2017Q3, valued at $1.47 million, down from 500,272 at the end of the previous reported quarter. Dnb Asset Management As who had been investing in Sunpower Corp for a number of months, seems to be less bullish one the $953.27 million market cap company. The stock decreased 8.69% or $0.65 during the last trading session, reaching $6.83. About 3.92 million shares traded or 22.04% up from the average. SunPower Corporation (NASDAQ:SPWR) has declined 50.78% since February 15, 2017 and is downtrending. It has underperformed by 67.48% the S&P500.

Todd Asset Management Llc increased its stake in Seagate Tech (STX) by 544.68% based on its latest 2017Q3 regulatory filing with the SEC. Todd Asset Management Llc bought 321,363 shares as the company’s stock declined 9.82% while stock markets rallied. The institutional investor held 380,363 shares of the electronic components company at the end of 2017Q3, valued at $12.62 million, up from 59,000 at the end of the previous reported quarter. Todd Asset Management Llc who had been investing in Seagate Tech for a number of months, seems to be bullish on the $14.54B market cap company. The stock decreased 0.62% or $0.32 during the last trading session, reaching $51.05. About 1.66M shares traded. Seagate Technology plc (NASDAQ:STX) has risen 107.16% since February 15, 2017 and is uptrending. It has outperformed by 90.46% the S&P500.




Since December 6, 2017, it had 0 insider buys, and 1 sale for $177,294 activity.

Analysts await SunPower Corporation (NASDAQ:SPWR) to report earnings on February, 21. They expect $-0.09 EPS, up 87.67% or $0.64 from last year’s $-0.73 per share. After $0.14 actual EPS reported by SunPower Corporation for the previous quarter, Wall Street now forecasts -164.29% negative EPS growth.

Investors sentiment increased to 1.13 in Q3 2017. Its up 0.08, from 1.05 in 2017Q2. It improved, as 21 investors sold SPWR shares while 35 reduced holdings. 23 funds opened positions while 40 raised stakes. 33.77 million shares or 11.88% less from 38.32 million shares in 2017Q2 were reported. 24,401 were reported by Highbridge Capital Limited Liability. Amer Interest Grp invested 0% of its portfolio in SunPower Corporation (NASDAQ:SPWR). Jane Street Grp Incorporated Llc accumulated 25,663 shares. Royal Fincl Bank Of Canada invested 0% in SunPower Corporation (NASDAQ:SPWR). Hanseatic Management Serv accumulated 137 shares. Strs Ohio has 0% invested in SunPower Corporation (NASDAQ:SPWR) for 54,100 shares. Manufacturers Life Insur Company The has invested 0% in SunPower Corporation (NASDAQ:SPWR). State Street holds 2.26M shares or 0% of its portfolio. Fifth Third Retail Bank holds 20,000 shares or 0% of its portfolio. Raymond James Associate holds 0% in SunPower Corporation (NASDAQ:SPWR) or 251,246 shares. Domini Impact Invs Ltd Liability Corp invested 3.07% of its portfolio in SunPower Corporation (NASDAQ:SPWR). 5,055 are owned by Tru Of Vermont. New York State Common Retirement Fund holds 63,900 shares. California State Teachers Retirement System holds 95,625 shares. Zacks Invest Management invested 0.02% of its portfolio in SunPower Corporation (NASDAQ:SPWR).

Among 20 analysts covering SunPower (NASDAQ:SPWR), 7 have Buy rating, 2 Sell and 11 Hold. Therefore 35% are positive. SunPower had 52 analyst reports since July 29, 2015 according to SRatingsIntel. On Friday, February 26 the stock rating was initiated by Northland Capital with “Outperform”. The firm has “Mkt Underperform” rating by JMP Securities given on Thursday, September 8. Barclays Capital upgraded the shares of SPWR in report on Friday, January 22 to “Overweight” rating. The stock of SunPower Corporation (NASDAQ:SPWR) has “Buy” rating given on Thursday, November 2 by Oppenheimer. As per Friday, August 12, the company rating was downgraded by Morgan Stanley. The firm has “Neutral” rating given on Wednesday, August 10 by JP Morgan. RBC Capital Markets maintained the shares of SPWR in report on Thursday, October 29 with “Outperform” rating. The stock of SunPower Corporation (NASDAQ:SPWR) has “Neutral” rating given on Wednesday, November 9 by Bank of America. The firm earned “Hold” rating on Wednesday, August 2 by Deutsche Bank. Northland Capital maintained SunPower Corporation (NASDAQ:SPWR) on Wednesday, July 29 with “Outperform” rating.

Dnb Asset Management As, which manages about $7.52B US Long portfolio, upped its stake in Sunrun Inc by 417,987 shares to 5.14M shares, valued at $28.55M in 2017Q3, according to the filing. It also increased its holding in Cola European Partners Plc by 43,700 shares in the quarter, for a total of 146,180 shares, and has risen its stake in Nvidia Corp (NASDAQ:NVDA).

Todd Asset Management Llc, which manages about $3.59 billion and $3.61 billion US Long portfolio, decreased its stake in Astellas Pharma Inc (ALPMY) by 334,406 shares to 479,559 shares, valued at $6.08 million in 2017Q3, according to the filing. It also reduced its holding in Nvr Inc (NYSE:NVR) by 2,409 shares in the quarter, leaving it with 18,176 shares, and cut its stake in Westpac Bkg Corp (NYSE:WBK).

Investors sentiment decreased to 0.78 in 2017 Q3. Its down 0.52, from 1.3 in 2017Q2. It is negative, as 73 investors sold STX shares while 163 reduced holdings. 57 funds opened positions while 126 raised stakes. 259.60 million shares or 1.44% more from 255.91 million shares in 2017Q2 were reported. Community Savings Bank Na has 165 shares. Smithfield holds 635 shares. Lsv Asset owns 6.56M shares. Fjarde Ap reported 0.05% of its portfolio in Seagate Technology plc (NASDAQ:STX). Conning stated it has 31,923 shares. Comerica Savings Bank has 0.02% invested in Seagate Technology plc (NASDAQ:STX) for 57,433 shares. Chesley Taft & Assocs Ltd Co owns 7,205 shares for 0.02% of their portfolio. Iat Reinsurance Com Ltd reported 375,500 shares. Janney Montgomery Scott Ltd Llc accumulated 144,841 shares. Tcw Grp Inc holds 0.09% or 343,512 shares in its portfolio. Jefferies Group Ltd Liability Company owns 39,775 shares or 0.01% of their US portfolio. Usca Ria Lc holds 0.18% or 35,100 shares. Pacad Invest Ltd has invested 0.1% of its portfolio in Seagate Technology plc (NASDAQ:STX). Bnp Paribas Asset Sa holds 376,572 shares. Ameriprise Fincl has invested 0% of its portfolio in Seagate Technology plc (NASDAQ:STX).

Among 34 analysts covering Seagate Technology Plc (NASDAQ:STX), 8 have Buy rating, 3 Sell and 23 Hold. Therefore 24% are positive. Seagate Technology Plc had 132 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating by Brean Capital given on Thursday, April 14. The stock has “Neutral” rating by Citigroup on Tuesday, October 24. JP Morgan downgraded Seagate Technology plc (NASDAQ:STX) on Monday, May 2 to “Underweight” rating. The stock has “Hold” rating by Mizuho on Sunday, October 8. The rating was maintained by Cowen & Co with “Hold” on Monday, January 29. The stock of Seagate Technology plc (NASDAQ:STX) earned “Hold” rating by Mizuho on Monday, October 23. The company was downgraded on Wednesday, July 26 by Craig Hallum. As per Tuesday, July 25, the company rating was maintained by Benchmark. Barclays Capital maintained it with “Underweight” rating and $32 target in Tuesday, October 24 report. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, July 26.

Since October 23, 2017, it had 0 insider buys, and 10 insider sales for $29.78 million activity. MORTON DAVID H JR sold 40,263 shares worth $1.96M. On Thursday, January 11 BRACE PHILIP G sold $242,000 worth of Seagate Technology plc (NASDAQ:STX) or 5,000 shares. Shares for $781,850 were sold by MURPHY JAMES J. LUCZO STEPHEN J sold $4.90M worth of stock or 100,000 shares. $339,965 worth of Seagate Technology plc (NASDAQ:STX) shares were sold by Moyo Dambisa F.

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