Gilman Hill Asset Management Maintains Holding in Seagate Technology Plc (STX); As Helmerich And Payne (HP) Valuation Declined, Glenmede Trust Company Na Has Cut Its Position by $9.85 Million

February 19, 2018 - By Hazel Jackson

Gilman Hill Asset Management Llc increased its stake in Seagate Technology Plc (STX) by 801.91% based on its latest 2017Q3 regulatory filing with the SEC. Gilman Hill Asset Management Llc bought 129,132 shares as the company’s stock declined 9.82% while stock markets rallied. The institutional investor held 145,235 shares of the electronic components company at the end of 2017Q3, valued at $4.82 million, up from 16,103 at the end of the previous reported quarter. Gilman Hill Asset Management Llc who had been investing in Seagate Technology Plc for a number of months, seems to be bullish on the $14.65 billion market cap company. The stock decreased 0.19% or $0.1 during the last trading session, reaching $51.42. About 2.74 million shares traded. Seagate Technology plc (NASDAQ:STX) has risen 107.16% since February 19, 2017 and is uptrending. It has outperformed by 90.46% the S&P500.

Glenmede Trust Company Na decreased its stake in Helmerich And Payne Inc (HP) by 97.43% based on its latest 2017Q3 regulatory filing with the SEC. Glenmede Trust Company Na sold 193,158 shares as the company’s stock declined 12.04% while stock markets rallied. The institutional investor held 5,085 shares of the energy company at the end of 2017Q3, valued at $263,000, down from 198,243 at the end of the previous reported quarter. Glenmede Trust Company Na who had been investing in Helmerich And Payne Inc for a number of months, seems to be less bullish one the $7.13B market cap company. The stock decreased 0.41% or $0.27 during the last trading session, reaching $65.46. About 1.28M shares traded. Helmerich & Payne, Inc. (NYSE:HP) has risen 4.51% since February 19, 2017 and is uptrending. It has underperformed by 12.19% the S&P500.

Among 36 analysts covering Helmerich & Payne (NYSE:HP), 9 have Buy rating, 8 Sell and 19 Hold. Therefore 25% are positive. Helmerich & Payne had 131 analyst reports since August 3, 2015 according to SRatingsIntel. Tudor Pickering initiated the shares of HP in report on Friday, March 24 with “Hold” rating. The company was upgraded on Monday, January 29 by Societe Generale. The firm has “Hold” rating by Cowen & Co given on Friday, July 7. The rating was maintained by Seaport Global with “Sell” on Monday, February 12. The firm earned “Hold” rating on Friday, January 26 by Susquehanna. The firm earned “Underperform” rating on Friday, July 7 by Wells Fargo. As per Friday, July 29, the company rating was maintained by FBR Capital. The rating was maintained by BMO Capital Markets with “Sell” on Tuesday, September 5. As per Friday, August 28, the company rating was upgraded by Stephens. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, November 17 report.

Glenmede Trust Company Na, which manages about $22.82B US Long portfolio, upped its stake in Fortinet Inc (NASDAQ:FTNT) by 61,324 shares to 62,724 shares, valued at $2.25 million in 2017Q3, according to the filing. It also increased its holding in Veeva Sys Inc Cl A (NYSE:VEEV) by 20,800 shares in the quarter, for a total of 23,460 shares, and has risen its stake in Aes Corp Com (NYSE:AES).

Since December 15, 2017, it had 0 insider buys, and 2 selling transactions for $441,985 activity.

Investors sentiment increased to 0.96 in 2017 Q3. Its up 0.03, from 0.93 in 2017Q2. It improved, as 37 investors sold HP shares while 154 reduced holdings. 50 funds opened positions while 133 raised stakes. 112.20 million shares or 3.56% less from 116.34 million shares in 2017Q2 were reported. Wells Fargo & Mn accumulated 510,223 shares. Ameriprise reported 256,680 shares. 20,876 were accumulated by Amalgamated Bancorp. Orleans Capital Mngmt Corporation La has invested 0.88% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). State Board Of Administration Of Florida Retirement System owns 166,247 shares. Nomura Asset Management Company Limited owns 13,990 shares. State Of Alaska Department Of Revenue stated it has 0.03% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). New Mexico Educational Retirement Board has 0.03% invested in Helmerich & Payne, Inc. (NYSE:HP). 107,217 are held by Aperio Lc. Welch And Forbes Lc, a Massachusetts-based fund reported 4,200 shares. Ls Investment Advsrs Limited Co stated it has 0.02% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). The Maryland-based Brown Advisory Incorporated has invested 0.01% in Helmerich & Payne, Inc. (NYSE:HP). Engy Opportunities Capital Ltd Liability holds 3.53% or 104,058 shares. 561,728 were reported by Legal General Public Ltd Com. Moreover, Signalpoint Asset Mngmt Limited Liability Corp has 0.34% invested in Helmerich & Payne, Inc. (NYSE:HP).

Since October 23, 2017, it had 0 insider purchases, and 10 selling transactions for $29.78 million activity. On Thursday, January 11 BRACE PHILIP G sold $242,000 worth of Seagate Technology plc (NASDAQ:STX) or 5,000 shares. MORTON DAVID H JR sold 7,909 shares worth $316,360. LUCZO STEPHEN J sold $18.79 million worth of stock. Another trade for 8,715 shares valued at $339,965 was made by Moyo Dambisa F on Tuesday, October 24. Another trade for 14,175 shares valued at $781,850 was made by MURPHY JAMES J on Wednesday, January 31.

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. As per Wednesday, January 25, the company rating was maintained by Mizuho. Argus Research downgraded the stock to “Hold” rating in Friday, April 15 report. Wells Fargo initiated Seagate Technology plc (NASDAQ:STX) on Tuesday, November 14 with “Hold” rating. Citigroup upgraded the stock to “Neutral” rating in Tuesday, July 19 report. The company was initiated on Wednesday, January 27 by Citigroup. The firm has “Strong Buy” rating given on Wednesday, January 25 by Needham. The stock of Seagate Technology plc (NASDAQ:STX) earned “Buy” rating by Brean Capital on Monday, May 2. The firm has “Buy” rating given on Wednesday, October 21 by Deutsche Bank. The firm earned “Buy” rating on Wednesday, September 7 by Craig Hallum. The firm has “Hold” rating by Benchmark given on Thursday, September 3.

Gilman Hill Asset Management Llc, which manages about $250.11 million and $244.17M US Long portfolio, decreased its stake in Douglas Dynamics Inc (NYSE:PLOW) by 9,688 shares to 165,268 shares, valued at $6.51 million in 2017Q3, according to the filing.

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