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Seagate Technology PLC (NYSE:STX) CEO Stephen J. Luczo sold 11,230 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $58.27, for a total value of $654,372.10. Following the completion of the sale, the chief executive officer now directly owns 187,485 shares in the company, valued at approximately $10,924,751. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Seagate Technology PLC (NYSE:STX) traded down 2.25% on Tuesday, hitting $57.38. The stock had a trading volume of 2,397,129 shares. Seagate Technology PLC has a 52 week low of $37.17 and a 52 week high of $62.76. The stock has a 50-day moving average of $58.40 and a 200-day moving average of $54.28. The company has a market cap of $18.763 billion and a price-to-earnings ratio of 12.99.

Seagate Technology PLC (NYSE:STX) last released its earnings data on Thursday, July 17th. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.09 by $0.01. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. The company’s quarterly revenue was down 3.6% on a year-over-year basis. Analysts expect that Seagate Technology PLC will post $5.36 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, August 22nd. Investors of record on Friday, August 8th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Wednesday, August 6th.

STX has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Seagate Technology PLC in a research note on Monday, July 21st. They now have a $62.00 price target on the stock. Separately, analysts at Craig Hallum upgraded shares of Seagate Technology PLC from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Seagate Technology PLC from $55.00 to $60.00 in a research note on Friday, July 18th. They now have a “neutral” rating on the stock. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $63.24.

Seagate Technology plc (NYSE:STX) is the provider of electronic data storage products.

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