Seagate Technology (STX) Sets New 12-Month High and Low at $61.40

Seagate Technology (NASDAQ:STX) hit a new 52-week high and low during mid-day trading on Monday . The company traded as low as $61.40 and last traded at $61.10, with a volume of 1348213 shares traded. The stock had previously closed at $60.61.

STX has been the topic of a number of research reports. Zacks Investment Research downgraded Seagate Technology from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Vetr downgraded Seagate Technology from a “strong-buy” rating to a “buy” rating and set a $56.12 price target on the stock. in a research report on Wednesday, February 14th. Maxim Group restated a “hold” rating and set a $44.00 price target (up previously from $43.00) on shares of Seagate Technology in a research report on Tuesday, January 9th. BTIG Research raised their price target on Seagate Technology to $63.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, Stifel Nicolaus restated a “hold” rating and set a $49.00 price target on shares of Seagate Technology in a research report on Thursday, February 22nd. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $53.51.

How to Become a New Pot Stock Millionaire

The company has a debt-to-equity ratio of 4.07, a current ratio of 1.58 and a quick ratio of 1.25. The company has a market capitalization of $17,263.39, a PE ratio of 14.84, a PEG ratio of 0.79 and a beta of 1.68.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Monday, January 29th. The data storage provider reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.09. The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.86 billion. Seagate Technology had a return on equity of 93.35% and a net margin of 6.10%. Seagate Technology’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the firm earned $1.38 earnings per share. equities analysts anticipate that Seagate Technology will post 4.89 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 4th. Investors of record on Wednesday, March 21st were paid a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, March 20th. This represents a $2.52 annualized dividend and a dividend yield of 4.12%. Seagate Technology’s payout ratio is presently 61.17%.

In other Seagate Technology news, Director Chong Sup Park sold 4,026 shares of Seagate Technology stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $54.22, for a total transaction of $218,289.72. Following the sale, the director now directly owns 8,715 shares of the company’s stock, valued at approximately $472,527.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Stephen J. Luczo sold 4,620 shares of Seagate Technology stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $60.00, for a total value of $277,200.00. The disclosure for this sale can be found here. Insiders sold 662,785 shares of company stock worth $36,396,992 over the last three months. 0.87% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Kwmg LLC lifted its holdings in shares of Seagate Technology by 2.7% during the fourth quarter. Kwmg LLC now owns 41,817 shares of the data storage provider’s stock valued at $1,750,000 after purchasing an additional 1,117 shares during the last quarter. Burney Co. lifted its holdings in shares of Seagate Technology by 17.3% during the fourth quarter. Burney Co. now owns 7,771 shares of the data storage provider’s stock valued at $325,000 after purchasing an additional 1,146 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Seagate Technology by 12.8% during the fourth quarter. Raymond James Trust N.A. now owns 11,021 shares of the data storage provider’s stock valued at $461,000 after purchasing an additional 1,250 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of Seagate Technology by 9.3% during the fourth quarter. MML Investors Services LLC now owns 15,227 shares of the data storage provider’s stock valued at $637,000 after purchasing an additional 1,290 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Seagate Technology by 5.0% during the fourth quarter. CIBC Asset Management Inc now owns 31,807 shares of the data storage provider’s stock valued at $1,331,000 after purchasing an additional 1,501 shares during the last quarter. 89.04% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Seagate Technology (STX) Sets New 12-Month High and Low at $61.40” was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.chaffeybreeze.com/2018/04/16/seagate-technology-stx-sets-new-12-month-high-and-low-at-61-40.html.

About Seagate Technology

Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The company manufactures and distributes hard disk drives, solid state drives and their related controllers, solid state hybrid drives, and storage subsystems. Its products are used in enterprise servers and storage systems applications; client compute applications, primarily for desktop and mobile computing; and client non-compute applications, including various end user devices, such as portable external storage systems, surveillance systems, network-attached storage, digital video recorders, and gaming consoles.

Receive News & Ratings for Seagate Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seagate Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply