Northern Trust Stake in Mercury Sys (MRCY) Has Trimmed by $1.17 Million as Stock Declined; As Seagate Technology (STX) Market Valuation Rose, Holder Arizona State Retirement System Has Lowered by $1.41 Million Its Holding

May 18, 2018 - By Marguerite Chambers

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Arizona State Retirement System decreased its stake in Seagate Technology (STX) by 22.55% based on its latest 2017Q4 regulatory filing with the SEC. Arizona State Retirement System sold 34,480 shares as the company’s stock rose 36.04% while stock markets declined. The institutional investor held 118,405 shares of the electronic components company at the end of 2017Q4, valued at $4.95 million, down from 152,885 at the end of the previous reported quarter. Arizona State Retirement System who had been investing in Seagate Technology for a number of months, seems to be less bullish one the $16.94 billion market cap company. The stock decreased 0.59% or $0.35 during the last trading session, reaching $59.02. About 2.11 million shares traded. Seagate Technology plc (NASDAQ:STX) has risen 27.74% since May 18, 2017 and is uptrending. It has outperformed by 16.19% the S&P500.

Northern Trust Corp decreased its stake in Mercury Sys Inc (MRCY) by 2.58% based on its latest 2017Q4 regulatory filing with the SEC. Northern Trust Corp sold 22,876 shares as the company’s stock declined 9.36% with the market. The institutional investor held 864,180 shares of the electrical products company at the end of 2017Q4, valued at $44.38M, down from 887,056 at the end of the previous reported quarter. Northern Trust Corp who had been investing in Mercury Sys Inc for a number of months, seems to be less bullish one the $1.73B market cap company. The stock increased 1.73% or $0.61 during the last trading session, reaching $35.85. About 396,762 shares traded. Mercury Systems, Inc. (NASDAQ:MRCY) has risen 24.07% since May 18, 2017 and is uptrending. It has outperformed by 12.52% the S&P500.

Analysts await Mercury Systems, Inc. (NASDAQ:MRCY) to report earnings on August, 7. They expect $0.36 earnings per share, up 33.33% or $0.09 from last year’s $0.27 per share. MRCY’s profit will be $17.35 million for 24.90 P/E if the $0.36 EPS becomes a reality. After $0.25 actual earnings per share reported by Mercury Systems, Inc. for the previous quarter, Wall Street now forecasts 44.00% EPS growth.

Since December 11, 2017, it had 1 insider purchase, and 15 sales for $3.80 million activity. $426,624 worth of Mercury Systems, Inc. (NASDAQ:MRCY) shares were sold by ASLETT MARK. THIBAUD DIDIER M C also sold $178,745 worth of Mercury Systems, Inc. (NASDAQ:MRCY) shares. Ruppert Michael also bought $101,234 worth of Mercury Systems, Inc. (NASDAQ:MRCY) on Monday, May 7.

Investors sentiment decreased to 0.96 in 2017 Q4. Its down 0.17, from 1.13 in 2017Q3. It fall, as 17 investors sold MRCY shares while 75 reduced holdings. 28 funds opened positions while 60 raised stakes. 43.46 million shares or 3.62% less from 45.09 million shares in 2017Q3 were reported. State Of Alaska Department Of Revenue reported 9,586 shares stake. Moreover, Northern Tru Corporation has 0.01% invested in Mercury Systems, Inc. (NASDAQ:MRCY). Swiss Retail Bank has 0% invested in Mercury Systems, Inc. (NASDAQ:MRCY) for 82,000 shares. First Mercantile Co invested 0.04% in Mercury Systems, Inc. (NASDAQ:MRCY). Rk Capital Management Ltd Co stated it has 1.59% in Mercury Systems, Inc. (NASDAQ:MRCY). 96,679 were accumulated by Legal And General Group Inc Public Ltd Co. Sei Invests has 54,843 shares for 0.01% of their portfolio. Us Fincl Bank De holds 19,168 shares or 0% of its portfolio. Brant Point Investment Management Limited Liability Corp invested 0.07% in Mercury Systems, Inc. (NASDAQ:MRCY). 32,609 were accumulated by Texas Permanent School Fund. Rafferty Asset Management Ltd reported 8,642 shares. Moreover, Raymond James Svcs has 0% invested in Mercury Systems, Inc. (NASDAQ:MRCY). Voya Investment Lc has 0% invested in Mercury Systems, Inc. (NASDAQ:MRCY) for 21,504 shares. Alkeon Cap Mgmt Lc holds 0.16% or 531,918 shares in its portfolio. 56,309 are owned by Jefferies Grp Ltd Liability.

More notable recent Mercury Systems, Inc. (NASDAQ:MRCY) news were published by: Profitconfidential.com which released: “MRCY Stock: Riding High on This Powerful Trend” on May 11, 2018, also Globenewswire.com with their article: “Mercury Systems Receives $10.8M Order for Rugged Servers” published on May 03, 2018, Globenewswire.com published: “Mercury Systems Receives $2.4M Order for Radar Subsystems for Missile Defense Application” on May 16, 2018. More interesting news about Mercury Systems, Inc. (NASDAQ:MRCY) were released by: Nasdaq.com and their article: “Mercury Systems Demonstrates Safety-Certifiable Multicore Graphics Rendering Optimized for Next-Generation Army …” published on April 25, 2018 as well as Nasdaq.com‘s news article titled: “Mercury Systems Receives $3.8M Millimeter Wave Microelectronics Order for Homeland Security Application” with publication date: May 08, 2018.

Among 9 analysts covering Mercury (NASDAQ:MRCY), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. Mercury had 28 analyst reports since August 25, 2015 according to SRatingsIntel. On Thursday, January 19 the stock rating was initiated by SunTrust with “Buy”. The rating was maintained by Jefferies with “Hold” on Friday, July 7. Robert W. Baird initiated Mercury Systems, Inc. (NASDAQ:MRCY) rating on Thursday, October 6. Robert W. Baird has “Outperform” rating and $30 target. The firm earned “Hold” rating on Wednesday, August 2 by Noble Financial. The rating was maintained by Noble Financial with “Hold” on Wednesday, January 24. The firm has “Buy” rating given on Tuesday, January 24 by Bank of America. The firm has “Buy” rating given on Wednesday, April 25 by Robert W. Baird. The company was maintained on Thursday, February 8 by Bank of America. Drexel Hamilton initiated the stock with “Buy” rating in Tuesday, August 25 report. The rating was maintained by SunTrust on Monday, January 8 with “Buy”.

Northern Trust Corp, which manages about $394.86 billion US Long portfolio, upped its stake in Celanese Corp Del (NYSE:CE) by 4,490 shares to 833,395 shares, valued at $89.24 million in 2017Q4, according to the filing. It also increased its holding in Ishares Tr (AGG) by 333,147 shares in the quarter, for a total of 2.19M shares, and has risen its stake in Shell Midstream Partners L P.

Arizona State Retirement System, which manages about $10.26 billion US Long portfolio, upped its stake in Allergan Plc by 3,411 shares to 101,054 shares, valued at $16.53M in 2017Q4, according to the filing. It also increased its holding in Corning Inc (NYSE:GLW) by 14,780 shares in the quarter, for a total of 337,605 shares, and has risen its stake in Chesapeake Lodging Trust (NYSE:CHSP).

Analysts await Seagate Technology plc (NASDAQ:STX) to report earnings on July, 24. They expect $1.45 earnings per share, up 123.08% or $0.80 from last year’s $0.65 per share. STX’s profit will be $416.23 million for 10.18 P/E if the $1.45 EPS becomes a reality. After $1.46 actual earnings per share reported by Seagate Technology plc for the previous quarter, Wall Street now forecasts -0.68% negative EPS growth.

More notable recent Seagate Technology plc (NASDAQ:STX) news were published by: Seekingalpha.com which released: “Seagate Technology 2018 Q3 – Results – Earnings Call Slides” on May 01, 2018, also Streetinsider.com with their article: “China approves Toshiba’s sale of $18 billion chip unit to Bain consortium” published on May 17, 2018, Nasdaq.com published: “Seagate Technology PLC Stock Drops Despite Strong Q3 Earnings” on May 01, 2018. More interesting news about Seagate Technology plc (NASDAQ:STX) were released by: Seekingalpha.com and their article: “Seagate: No Longer The Best Memory Stock” published on May 02, 2018 as well as Streetinsider.com‘s news article titled: “ValueAct’s 13F Shows New Stake in SLM Corp (SLM), Confirms Increase in Citi (C), Exits Microsoft (MSFT) (more…)” with publication date: May 15, 2018.

Since January 8, 2018, it had 0 insider buys, and 15 insider sales for $37.90 million activity. $18.79M worth of Seagate Technology plc (NASDAQ:STX) shares were sold by LUCZO STEPHEN J. $218,290 worth of Seagate Technology plc (NASDAQ:STX) shares were sold by PARK CHONG SUP. Nygaard Jeffrey D. sold $125,701 worth of stock. MURPHY JAMES J sold $781,850 worth of Seagate Technology plc (NASDAQ:STX) on Wednesday, January 31. $235,833 worth of Seagate Technology plc (NASDAQ:STX) shares were sold by Geldmacher Jay L. 5,000 shares valued at $242,000 were sold by BRACE PHILIP G on Thursday, January 11.

Mercury Systems, Inc. (NASDAQ:MRCY) Institutional Positions Chart

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By1 Marguerite Chambers

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