The stock price of firm is moving up from its 20 days moving average with 5.10% and remote isolated negatively from 50 days moving average with -21.00%.
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The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. This represents a $2.52 dividend on an annualized basis and a yield of 6.90%. Also, SVP Mark Re sold 12,750 shares of Seagate Technology PLC stock in a transaction that occurred on Wednesday, August 24th. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock.
Western Digital, an Irvine, CA-based storage technology company, now expects earnings per share between $1 and $1.05 vs. its prior guidance for earnings per share in the range of 85 cents and 90 cents. The shares were sold at an average price of $32.50, for a total value of $100,165.00.
Companies often resist activist campaigns, and sometimes the contention results in a proxy fight, where the hedge fund tries to replace board members with its own nominees.
Seagate Technology plc (NASDAQ:STX)’s earnings per share growth ratio for the past 5 years was noted as -5.6% while revenue increase for the past 5 years was 0.3%. At present, 3 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. The Company holds 296.76 million shares outstanding.
Seagate Technology PLC has 298,609,000 shares in issue which have a share price of 36.4 giving Seagate Technology PLC a market capitalisation of 10.87B Dollars.
Craig-Hallum said that recent actions taken by Seagate should lead to “further positive surprises” by the company and “more stable earnings and cash flow generation”, the Fly reports.
07/19/2016 – Seagate Technology. was upgraded to “neutral” by analysts at Citigroup. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The disclosure for this sale can be found here. Advisory Services Network LLC boosted its position in Seagate Technology PLC by 30.2% in the second quarter. The stock’s weekly volatility was 1.97% and the RSI amounts to 56.80. Stonebridge Capital Management Inc. purchased a new position in shares of Seagate Technology PLC during the second quarter worth approximately $607,000. Analyst’s ratings play a vital role in defining a stock’s performance for the day. Recently, investment analysts covering the stock have updated the mean rating to 2.2. However, its previous closing price was seen at $34.47.
Seagate Technology plc (Seagate) is a provider of electronic data storage products. The Company’s principal products are hard disk drives (HDDs).
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Receive Seagate Technology. News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Seagate Technology. with MarketBeat.com’s FREE daily email newsletter. 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.
