Seagate Technology plc’s (STX), a part of Technology sector and belongs to Data Storage Devices industry; ended its day with a loss of -0.61% and finalized at the price of $36.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Analyst’s mean target price for Seagate Technology PLC (NASDAQ:STX) is $32.06 while analysts mean recommendation is 2.80.
Advertisement
Seagate Technology. has a 50 day moving average of 33.02 and a 200 day moving average of 28.64.
In related news, SVP Mark Re sold 5,800 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock’s market capitalization is 10.89B, it has a 52-week low of 18.42 and a 52-week high of 49.52.
Seagate Technology PLC (NASDAQ:STX) last released its quarterly earnings results on Tuesday, August 2nd. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.32 billion.
Earnings growth is an important factor to look at when investing in stocks and investors look for companies that have grown their earnings at least 25% or more for the past 3 years. During the same quarter past year, the business posted $0.77 earnings per share. On average, analysts predict that Seagate Technology PLC will post $2.98 earnings per share for the current fiscal year. Shareholders of record on Wednesday, September 21st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 6.97%.
Seagate Technology plc value Change from Open was at 0.25% with a Gap of -1.37%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Pzena Investment Management LLC increased its stake in shares of Seagate Technology PLC by 58.1% in the second quarter. PGGM Investments now owns 1,423,321 shares of the data storage provider’s stock worth $34,672,000 after buying an additional 698,632 shares during the period. BlackRock Fund Advisors raised its position in Seagate Technology PLC by 47.3% in the first quarter. BlackRock Fund Advisors now owns 8,622,233 shares of the data storage provider’s stock worth $210,038,000 after buying an additional 500,967 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in shares of Seagate Technology PLC during the second quarter worth about $36,175,000. Vanguard Group Inc. increased its stake in shares of Seagate Technology PLC by 5.3% in the second quarter. Eastern Bank now owns 45,537 shares of the data storage provider’s stock worth $1,569,000 after buying an additional 547 shares during the period. Following the completion of the transaction, the director now directly owns 6,433 shares of the company’s stock, valued at $208,750.85. CB&I’s scope of work includes plant and infrastructure sustainment, restoration and modernization to support the center’s research, development, test and evaluation mission. High potential price target is set at $50.00 however minimum price target advised by analysts is $17.00.
08/16/2016 – Seagate Technology. had its “hold” rating reiterated by analysts at Argus. Analyst’s mean target price for Cinedigm Corp.
Indicating how profitable Seagate Technology plc (NASDAQ:STX) is relative to its assets, the ROA value is displayed at 2.90%.
Some buy side analysts are also providing their Analysis on Seagate Technology PLC, where 4 analysts have rated the stock as Strong buy, 3 analysts have given a Buy signal, 22 said it’s a HOLD, 4 reported it as Underperform and 0 analysts rated the stock as Sell. Seagate Technology plc’s target price was set to 32.74 with an IPO date at 12/11/2002.
Advertisement
Seagate Technology public limited company is a provider of electronic data storage technology and solutions. The Nexmo Voice API also enables integrations with existing business workflow software to drive enhanced productivity. 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.
