Seagate Technology PLC (NASDAQ:STX) Chairman Stephen J. Luczo sold 100,000 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $48.99, for a total transaction of $4,899,000.00. Following the transaction, the chairman now owns 95,420 shares in the company, valued at $4,674,625.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Stephen J. Luczo also recently made the following trade(s):
- On Tuesday, January 30th, Stephen J. Luczo sold 241,738 shares of Seagate Technology stock. The stock was sold at an average price of $54.76, for a total transaction of $13,237,572.88.
- On Wednesday, January 31st, Stephen J. Luczo sold 341,738 shares of Seagate Technology stock. The stock was sold at an average price of $55.00, for a total transaction of $18,795,590.00.
Seagate Technology PLC (NASDAQ STX) traded down $2.67 during trading on Friday, reaching $51.77. 6,504,531 shares of the company’s stock traded hands, compared to its average volume of 6,161,466. The firm has a market cap of $14,745.49, a PE ratio of 23.53, a price-to-earnings-growth ratio of 0.68 and a beta of 1.88. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.55 and a current ratio of 1.58. Seagate Technology PLC has a 52-week low of $30.60 and a 52-week high of $56.45.
Seagate Technology (NASDAQ:STX) last released its earnings results on Monday, January 29th. The data storage provider reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.09. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.86 billion. Seagate Technology had a net margin of 6.10% and a return on equity of 93.35%. Seagate Technology’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the company earned $1.38 EPS. equities research analysts anticipate that Seagate Technology PLC will post 4.86 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 21st will be paid a dividend of $0.63 per share. The ex-dividend date is Tuesday, March 20th. This represents a $2.52 annualized dividend and a yield of 4.87%. Seagate Technology’s payout ratio is 114.55%.
A number of research analysts have recently issued reports on STX shares. Mizuho restated a “hold” rating and issued a $36.00 price target on shares of Seagate Technology in a research report on Monday, October 9th. Zacks Investment Research upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Thursday, October 26th. BidaskClub upgraded shares of Seagate Technology from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 25th. TheStreet upgraded shares of Seagate Technology from a “c+” rating to a “b-” rating in a research report on Tuesday, January 9th. Finally, Jefferies Group set a $29.00 price objective on shares of Seagate Technology and gave the stock a “hold” rating in a report on Sunday, October 15th. Four research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $49.29.
Several institutional investors and hedge funds have recently made changes to their positions in STX. State Board of Administration of Florida Retirement System grew its stake in shares of Seagate Technology by 32.7% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 28,982 shares of the data storage provider’s stock worth $1,123,000 after purchasing an additional 7,140 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of Seagate Technology in the 2nd quarter worth approximately $150,000. Neuberger Berman Group LLC grew its stake in shares of Seagate Technology by 0.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 48,218 shares of the data storage provider’s stock worth $1,868,000 after purchasing an additional 152 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Seagate Technology by 3.9% in the 2nd quarter. Principal Financial Group Inc. now owns 433,923 shares of the data storage provider’s stock worth $16,815,000 after purchasing an additional 16,388 shares during the last quarter. Finally, State of Tennessee Treasury Department grew its stake in shares of Seagate Technology by 0.8% in the 2nd quarter. State of Tennessee Treasury Department now owns 81,232 shares of the data storage provider’s stock worth $3,148,000 after purchasing an additional 668 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.
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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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