Seagate Technology PLC Director Chong Sup Park Sells 4,251 Shares (STX)
Seagate Technology PLC (NYSE:STX) Director Chong Sup Park sold 4,251 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $60.02, for a total transaction of $255,145.02. Following the transaction, the director now directly owns 5,952 shares of the company’s stock, valued at approximately $357,239. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 stock. The company has a consensus rating of “Buy” and a consensus price target of $63.24.
Seagate Technology PLC (NYSE:STX) traded up 1.03% on Monday, hitting $60.985. The stock had a trading volume of 801,060 shares. Seagate Technology PLC has a 52 week low of $37.17 and a 52 week high of $62.76. The stock’s 50-day moving average is $58.85 and its 200-day moving average is $54.52. The company has a market cap of $19.931 billion and a price-to-earnings ratio of 13.36.
Seagate Technology PLC (NYSE:STX) last announced its earnings results on Thursday, July 17th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.20 earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, analysts predict that Seagate Technology PLC will post $5.36 earnings per share for the current fiscal year.
Seagate Technology plc (NYSE:STX) is the provider of electronic data storage products.
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