Media headlines about Seagate Technology (NASDAQ:STX) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Seagate Technology earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave press coverage about the data storage provider an impact score of 46.0161762540304 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

Shares of NASDAQ STX opened at $51.01 on Tuesday. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.02 and a current ratio of 1.35. The stock has a market cap of $14.61 billion, a PE ratio of 9.26, a price-to-earnings-growth ratio of 0.62 and a beta of 1.74. Seagate Technology has a 12-month low of $30.60 and a 12-month high of $62.70.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Monday, July 30th. The data storage provider reported $1.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.17. Seagate Technology had a net margin of 10.57% and a return on equity of 120.71%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the company posted $0.65 EPS. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. sell-side analysts expect that Seagate Technology will post 6.23 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 3rd. Investors of record on Wednesday, September 19th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend is Tuesday, September 18th. Seagate Technology’s dividend payout ratio (DPR) is currently 45.74%.

STX has been the subject of several research reports. Zacks Investment Research downgraded shares of Seagate Technology from a “buy” rating to a “hold” rating in a report on Monday, July 16th. ValuEngine downgraded shares of Seagate Technology from a “buy” rating to a “hold” rating in a report on Thursday, June 7th. BidaskClub downgraded shares of Seagate Technology from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Goldman Sachs Group downgraded shares of Seagate Technology from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $50.00 to $44.00 in a report on Thursday, August 9th. Finally, Cowen set a $55.00 price objective on shares of Seagate Technology and gave the company a “market perform” rating in a report on Wednesday, May 2nd. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $53.77.

In related news, insider Stephen J. Luczo sold 100,000 shares of the stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $59.05, for a total value of $5,905,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Valueact Capital Master Fund, acquired 2,090,783 shares of Seagate Technology stock in a transaction that occurred on Monday, August 13th. The stock was purchased at an average cost of $50.94 per share, for a total transaction of $106,504,486.02. The disclosure for this purchase can be found here. Insiders purchased a total of 4,752,566 shares of company stock worth $245,263,358 over the last three months. 0.87% of the stock is currently owned by corporate insiders.

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.

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