Deutsche Bank AG reissued their hold rating on shares of Seagate Technology PLC (NASDAQ:STX) in a research report released on Thursday. Deutsche Bank AG currently has a $35.00 price target on the data storage provider’s stock.

Several other analysts have also commented on the stock. Stifel Nicolaus restated a hold rating and issued a $35.00 price objective on shares of Seagate Technology PLC in a report on Tuesday, September 13th. Argus reaffirmed a hold rating on shares of Seagate Technology PLC in a research note on Monday, July 18th. Jefferies Group reaffirmed a buy rating and set a $26.00 target price on shares of Seagate Technology PLC in a research note on Tuesday, July 12th. Morgan Stanley reaffirmed an equal weight rating and set a $36.00 target price (up previously from $30.00) on shares of Seagate Technology PLC in a research note on Wednesday. Finally, Bank of America Corp. reaffirmed a sell rating and set a $28.00 target price on shares of Seagate Technology PLC in a research note on Tuesday, September 13th. One investment analyst has rated the stock with a sell rating, twenty have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $38.35.

Seagate Technology PLC (NASDAQ:STX) traded up 0.68% during midday trading on Thursday, hitting $35.42. The company had a trading volume of 2,443,967 shares. The firm has a market capitalization of $10.63 billion, a P/E ratio of 43.20 and a beta of 2.50. The firm’s 50 day moving average is $36.14 and its 200-day moving average is $29.07. Seagate Technology PLC has a 52 week low of $18.42 and a 52 week high of $41.83.

Seagate Technology PLC (NASDAQ:STX) last posted 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 return on equity of 38.98% and a net margin of 2.22%. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the business earned $0.77 earnings per share. Seagate Technology PLC’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, equities research analysts expect that Seagate Technology PLC will post $3.04 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Investors of record on Wednesday, September 21st will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 7.16%. The ex-dividend date of this dividend is Monday, September 19th. Seagate Technology PLC’s payout ratio is currently 307.32%.

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

Several large investors have recently made changes to their positions in STX. Charter Trust Co. boosted its stake in shares of Seagate Technology PLC by 0.7% in the second quarter. Charter Trust Co. now owns 16,813 shares of the data storage provider’s stock worth $410,000 after buying an additional 110 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of Seagate Technology PLC by 0.7% in the second quarter. Capstone Asset Management Co. now owns 15,845 shares of the data storage provider’s stock worth $386,000 after buying an additional 115 shares in the last quarter. Integrated Wealth Management boosted its stake in shares of Seagate Technology PLC by 0.4% in the second quarter. Integrated Wealth Management now owns 30,422 shares of the data storage provider’s stock worth $741,000 after buying an additional 133 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Seagate Technology PLC by 0.7% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 22,980 shares of the data storage provider’s stock worth $559,000 after buying an additional 158 shares in the last quarter. Finally, Northeast Financial Consultants Inc boosted its stake in shares of Seagate Technology PLC by 0.8% in the second quarter. Northeast Financial Consultants Inc now owns 21,112 shares of the data storage provider’s stock worth $514,000 after buying an additional 171 shares in the last quarter. Institutional investors and hedge funds own 83.86% of the company’s stock.

Seagate Technology PLC Company Profile

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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