Seagate Technology PLC (NASDAQ:STX) insider Philip G. Brace sold 12,000 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $46.44, for a total transaction of $557,280.00. Following the completion of the sale, the insider now owns 27,069 shares in the company, valued at $1,257,084.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Seagate Technology PLC (NASDAQ STX) opened at $49.01 on Friday. The stock has a market cap of $14,180.00, a P/E ratio of 18.56, a P/E/G ratio of 0.57 and a beta of 1.68. Seagate Technology PLC has a 1 year low of $30.60 and a 1 year high of $50.96. The company has a current ratio of 1.96, a quick ratio of 1.55 and a debt-to-equity ratio of 4.03.
Seagate Technology (NASDAQ:STX) last posted its earnings results on Monday, October 23rd. The data storage provider reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.10. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. Seagate Technology had a net margin of 7.41% and a return on equity of 84.50%. The company’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. analysts expect that Seagate Technology PLC will post 4 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 20th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 5.14%. The ex-dividend date was Tuesday, December 19th. Seagate Technology’s dividend payout ratio (DPR) is 95.45%.
A number of large investors have recently modified their holdings of STX. WFG Advisors LP grew its position in Seagate Technology by 16,536.4% in the second quarter. WFG Advisors LP now owns 3,660 shares of the data storage provider’s stock valued at $142,000 after acquiring an additional 3,638 shares in the last quarter. Balentine LLC grew its position in Seagate Technology by 56.8% in the third quarter. Balentine LLC now owns 4,471 shares of the data storage provider’s stock valued at $148,000 after acquiring an additional 1,619 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in Seagate Technology in the second quarter valued at approximately $150,000. SpiderRock Advisors LLC grew its position in Seagate Technology by 2,419.5% in the third quarter. SpiderRock Advisors LLC now owns 5,568 shares of the data storage provider’s stock valued at $184,000 after acquiring an additional 5,347 shares in the last quarter. Finally, New England Research & Management Inc. acquired a new stake in Seagate Technology in the fourth quarter valued at approximately $205,000. 91.32% of the stock is owned by institutional investors.
Several research firms recently commented on STX. Citigroup boosted their price objective on shares of Seagate Technology from $34.00 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 24th. Zacks Investment Research lowered shares of Seagate Technology from a “buy” rating to a “hold” rating in a research report on Thursday. Mizuho boosted their price objective on shares of Seagate Technology from $36.00 to $39.00 and gave the stock a “neutral” rating in a research report on Monday, October 23rd. UBS Group boosted their price objective on shares of Seagate Technology from $28.00 to $30.00 and gave the stock a “sell” rating in a research report on Tuesday, October 24th. Finally, Maxim Group reiterated a “hold” rating and issued a $44.00 price objective (up from $43.00) on shares of Seagate Technology in a research report on Tuesday. Four investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Seagate Technology presently has a consensus rating of “Hold” and an average price target of $43.15.
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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