Seagate Technology (STX) Getting Somewhat Positive Press Coverage, Study Shows

Media stories about Seagate Technology (NASDAQ:STX) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Seagate Technology earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media coverage about the data storage provider an impact score of 46.3068775771985 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the headlines that may have effected Accern Sentiment’s analysis:

Seagate Technology (STX) traded up $0.30 during mid-day trading on Friday, reaching $42.94. 2,183,179 shares of the company’s stock were exchanged, compared to its average volume of 2,835,325. 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 has a 12 month low of $30.60 and a 12 month high of $50.96. The firm has a market capitalization of $12,420.00, a PE ratio of 16.27, a P/E/G ratio of 0.57 and a beta of 1.68.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Monday, October 23rd. The data storage provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. Seagate Technology had a net margin of 7.41% and a return on equity of 84.50%. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the company earned $0.99 earnings per share. equities analysts predict that Seagate Technology will post 4 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 20th were issued a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 5.87%. Seagate Technology’s payout ratio is 95.45%.

A number of research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Seagate Technology from $34.00 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 24th. Zacks Investment Research upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Friday. Mizuho lifted their price target on shares of Seagate Technology from $36.00 to $39.00 and gave the stock a “neutral” rating in a research note on Monday, October 23rd. UBS Group lifted their price target on shares of Seagate Technology from $28.00 to $30.00 and gave the stock a “sell” rating in a research note on Tuesday, October 24th. Finally, KeyCorp reiterated a “hold” rating on shares of Seagate Technology in a research note on Monday, October 23rd. Four equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Seagate Technology presently has an average rating of “Hold” and a consensus target price of $41.67.

In other news, Director Edward J. Zander sold 15,089 shares of Seagate Technology stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $38.79, for a total value of $585,302.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Philip G. Brace sold 5,403 shares of Seagate Technology stock in a transaction on Monday, November 6th. The shares were sold at an average price of $36.79, for a total transaction of $198,776.37. Following the completion of the transaction, the insider now directly owns 33,069 shares in the company, valued at $1,216,608.51. The disclosure for this sale can be found here. Insiders sold a total of 42,481 shares of company stock worth $1,655,011 over the last ninety days. Corporate insiders own 0.87% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Seagate Technology (NASDAQ:STX)

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