Vetr upgraded shares of Seagate Technology PLC (NASDAQ:STX) from a buy rating to a strong-buy rating in a research report report published on Tuesday. The brokerage currently has $41.19 price objective on the data storage provider’s stock.

Several other research analysts also recently issued reports on STX. Jefferies Group upped their price target on shares of Seagate Technology PLC from $38.00 to $44.00 and gave the stock a buy rating in a report on Tuesday. FBN Securities upped their price target on shares of Seagate Technology PLC from $33.00 to $38.00 and gave the stock a sector perform rating in a report on Tuesday. Seaport Global Securities upped their price target on shares of Seagate Technology PLC to $44.00 and gave the stock a neutral rating in a report on Tuesday. Brean Capital reiterated a buy rating and set a $30.00 price target on shares of Seagate Technology PLC in a report on Thursday, June 30th. Finally, Zacks Investment Research upgraded shares of Seagate Technology PLC from a hold rating to a buy rating and set a $33.00 price target for the company in a report on Thursday, July 14th. One analyst has rated the stock with a sell rating, twenty have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $37.74.

Seagate Technology PLC (NASDAQ:STX) opened at 35.10 on Tuesday. The firm has a market capitalization of $10.53 billion, a PE ratio of 42.80 and a beta of 2.50. The stock has a 50 day moving average price of $35.95 and a 200-day moving average price of $28.99. Seagate Technology PLC has a one year low of $18.42 and a one year high of $49.26.

Seagate Technology PLC (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, August 2nd. The data storage provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.60 by $0.09. Seagate Technology PLC had a net margin of 2.22% and a return on equity of 38.98%. The business earned $2.65 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the business earned $0.77 earnings per share. The company’s revenue was down 9.3% on a year-over-year basis. On average, equities analysts forecast that Seagate Technology PLC will post $3.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Wednesday, September 21st will be paid a $0.63 dividend. The ex-dividend date is Monday, September 19th. This represents a $2.52 annualized dividend and a yield of 7.18%. Seagate Technology PLC’s dividend payout ratio (DPR) is 307.32%.

In other news, SVP Mark Re sold 12,750 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $31.84, for a total transaction of $405,960.00. Following the completion of the sale, the senior vice president now owns 65,520 shares in the company, valued at approximately $2,086,156.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frank Biondi sold 1,251 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $32.45, for a total transaction of $40,594.95. Following the sale, the director now owns 6,433 shares of the company’s stock, valued at approximately $208,750.85. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the company. Cowen Prime Services LLC bought a new stake in shares of Seagate Technology PLC during the second quarter valued at about $105,000. Glenmede Trust Co. NA raised its stake in shares of Seagate Technology PLC by 30.2% in the second quarter. Glenmede Trust Co. NA now owns 4,650 shares of the data storage provider’s stock valued at $113,000 after buying an additional 1,079 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of Seagate Technology PLC by 30.2% in the second quarter. Advisory Services Network LLC now owns 5,603 shares of the data storage provider’s stock valued at $136,000 after buying an additional 1,300 shares during the last quarter. Tredje AP fonden bought a new stake in shares of Seagate Technology PLC during the second quarter valued at about $146,000. Finally, RidgeWorth Capital Management LLC raised its stake in shares of Seagate Technology PLC by 14.5% in the second quarter. RidgeWorth Capital Management LLC now owns 6,545 shares of the data storage provider’s stock valued at $157,000 after buying an additional 827 shares during the last quarter. Institutional investors own 83.86% of the company’s stock.

About Seagate Technology PLC

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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