They now have a sector perform rating on the data storage provider’s stock.
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Only yesterday Seagate Technology PLC (NASDAQ:STX) traded 0.56% higher at $33.92. The company has a market cap of $10.25 billion. 4,149,525 shares of the company’s stock traded hands. (NASDAQ:STX). The current rating of the shares is Equal-weight. The company reported the earnings of $0.69/Share in the last quarter where the estimated EPS by analysts was $0.6/share. On a consensus basis, the stock is given an average recommendation rating of 1.5 (1-5 scale). The company’s revenue for the quarter was down 9.3% compared to the same quarter a year ago. During the same quarter previous year, the business earned $0.77 earnings per share. Analysts expect that Seagate Technology PLC will post $2.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Massaroni Kenneth M is another major insider shareholder of the stock, as per record date of Jul 21, 2015 insider owns 158,069 shares of the stock. Seagate Technology PLC (NASDAQ:STX)’s average revenue estimates for the current quarter are 2.72B according to 24 number of analysts. The company will announce its quarter earnings on 2016-11-04 and its year’s earnings on 2017-08-01. Jefferies Group boosted their price objective on shares of Seagate Technology PLC from $25.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, June 2nd. Seagate Technology PLC has a 52 week low of $18.42 and a 52 week high of $50.91.
Pzena Investment Management Llc holds 2.36% of its portfolio in Seagate Technology PLC for 15.50 million shares. (NASDAQ:STX) have been given a future consensus one year price target of $32.5.
In other news, SVP Mark Re sold 3,082 shares of Seagate Technology PLC stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $33.58, for a total transaction of $194,764.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The market is optimistic on the stock if the rating is 1 while the street is negative if the rating is 5. The stock was sold at a price of $31.84, for a total value of $406,006. Succeeding to the transaction Re Mark owned overall 56,623 shares of the stock. The disclosure for this sale can be found here. Look for trading volume to pick up in the coming days as swing traders often use increases in trading volume to identify heavy volume accumulation or distribution by institutional investors. “Seagate Technology PLC is headquartered in Dublin, Ireland”.
The firm has price volatility of 2.65% for a week and 2.99% for a month.
For the fiscal year ended 2018 Seagate Technology. Consequent to the transaction Biondi Frank owned a total of 5,182 shares of the stock.
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To persist focus on investment valuation, Texas Instruments Inc. TX increased its position in shares of Seagate Technology PLC by 7.7% in the first quarter. The Company’s products are hard disk drives (HDD). The Firm produces a range of electronic data storage products, including solid state hybrid drives (SSHD), solid state drives (SSD), peripheral component interconnect express (PCIe) cards and Serial AT Attachment (SATA) controllers.
