Seagate Technology PLC (NASDAQ:STX) Chairman Stephen J. Luczo sold 100,000 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $48.99, for a total value of $4,899,000.00. Following the sale, the chairman now directly owns 95,420 shares in the company, valued at $4,674,625.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Seagate Technology PLC (NASDAQ STX) opened at $51.26 on Friday. The firm has a market cap of $14,830.00, a PE ratio of 19.42, a P/E/G ratio of 0.57 and a beta of 1.68. Seagate Technology PLC has a 12 month low of $30.60 and a 12 month high of $51.88. The company has a quick ratio of 1.55, a current ratio of 1.96 and a debt-to-equity ratio of 4.03.
Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Monday, October 23rd. The data storage provider reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.10. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. Seagate Technology had a net margin of 7.41% and a return on equity of 84.50%. Seagate Technology’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the company posted $0.99 EPS. equities analysts anticipate that Seagate Technology PLC will post 4 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 20th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend was Tuesday, December 19th. Seagate Technology’s dividend payout ratio (DPR) is 95.45%.
Several equities research analysts have weighed in on STX shares. TheStreet raised Seagate Technology from a “c+” rating to a “b-” rating in a research report on Tuesday. ValuEngine upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Craig Hallum upgraded Seagate Technology from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Monday, October 2nd. Zacks Investment Research upgraded Seagate Technology from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Thursday, October 26th. Finally, Vetr cut Seagate Technology from a “strong-buy” rating to a “buy” rating and set a $41.39 target price on the stock. in a research report on Tuesday, October 31st. Four investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $43.39.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bristol Advisors LLC purchased a new position in Seagate Technology in the 4th quarter worth approximately $711,000. Windward Capital Management Co. CA lifted its stake in Seagate Technology by 95.8% in the 4th quarter. Windward Capital Management Co. CA now owns 41,722 shares of the data storage provider’s stock worth $1,746,000 after purchasing an additional 20,409 shares in the last quarter. Jaffetilchin Investment Partners LLC purchased a new stake in shares of Seagate Technology during the 4th quarter valued at approximately $346,000. New England Research & Management Inc. purchased a new stake in shares of Seagate Technology during the 4th quarter valued at approximately $205,000. Finally, Polianta Ltd raised its position in shares of Seagate Technology by 32.6% during the 4th quarter. Polianta Ltd now owns 30,500 shares of the data storage provider’s stock valued at $1,276,000 after buying an additional 7,500 shares during the period. 91.32% of the stock is currently owned by institutional investors and hedge funds.
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About Seagate Technology
Seagate Technology public limited company is a provider of electronic data storage technology and solutions. The Company’s principal products are hard disk drives (HDDs). In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers.
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