Shares of Seagate Technology PLC (NASDAQ:STX) have received a consensus rating of “Hold” from the twenty-nine brokerages that are currently covering the company. One investment analyst has rated the stock with a sell recommendation, nineteen have assigned a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $43.95.

STX has been the subject of a number of research reports. Jefferies Group LLC reduced their price objective on Seagate Technology PLC from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, April 28th. Needham & Company LLC raised their price objective on Seagate Technology PLC from $55.00 to $57.00 and gave the stock a “strong-buy” rating in a research report on Thursday, April 27th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $45.00 price objective on shares of Seagate Technology PLC in a research report on Monday, March 13th. Vetr upgraded Seagate Technology PLC from a “hold” rating to a “buy” rating and set a $50.83 price objective for the company in a research report on Monday, March 6th. Finally, Zacks Investment Research downgraded Seagate Technology PLC from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 27th.

In other Seagate Technology PLC news, SVP Mark Re sold 9,607 shares of Seagate Technology PLC stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $43.47, for a total transaction of $417,616.29. Following the transaction, the senior vice president now directly owns 40,470 shares in the company, valued at $1,759,230.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Chong Sup Park sold 3,809 shares of Seagate Technology PLC stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $43.63, for a total value of $166,186.67. Following the transaction, the director now owns 11,753 shares in the company, valued at $512,783.39. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,416 shares of company stock valued at $5,583,803. 1.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cleararc Capital Inc. raised its position in Seagate Technology PLC by 0.7% in the first quarter. Cleararc Capital Inc. now owns 7,195 shares of the data storage provider’s stock valued at $330,000 after buying an additional 51 shares in the last quarter. Allianz Asset Management AG raised its position in Seagate Technology PLC by 0.6% in the fourth quarter. Allianz Asset Management AG now owns 17,326 shares of the data storage provider’s stock valued at $661,000 after buying an additional 100 shares in the last quarter. Cornerstone Investment Partners LLC raised its position in Seagate Technology PLC by 0.3% in the first quarter. Cornerstone Investment Partners LLC now owns 39,580 shares of the data storage provider’s stock valued at $1,818,000 after buying an additional 110 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in Seagate Technology PLC by 1.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 7,766 shares of the data storage provider’s stock valued at $333,000 after buying an additional 115 shares in the last quarter. Finally, Dumont & Blake Investment Advisors LLC raised its position in Seagate Technology PLC by 0.7% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 16,163 shares of the data storage provider’s stock valued at $742,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

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Seagate Technology PLC (NASDAQ:STX) opened at 42.53 on Monday. The firm has a 50 day moving average price of $44.70 and a 200-day moving average price of $43.00. The firm has a market capitalization of $12.62 billion, a price-to-earnings ratio of 17.50 and a beta of 1.93. Seagate Technology PLC has a 12 month low of $20.76 and a 12 month high of $50.96.

Seagate Technology PLC (NASDAQ:STX) last announced its earnings results on Wednesday, April 26th. The data storage provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.04. Seagate Technology PLC had a return on equity of 62.25% and a net margin of 4.69%. The firm had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the company earned $0.22 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities analysts forecast that Seagate Technology PLC will post $4.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Wednesday, June 21st will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, June 19th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 5.93%. Seagate Technology PLC’s dividend payout ratio (DPR) is presently 147.37%.

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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