Insider Selling: Seagate Technology PLC CFO Sells 62,916 Shares of Stock (STX)
Seagate Technology PLC (NYSE:STX) CFO Malley Patrick J. O sold 62,916 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $60.89, for a total transaction of $3,830,955.24. Following the sale, the chief financial officer now directly owns 63,767 shares in the company, valued at approximately $3,882,773. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
STX has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Seagate Technology PLC from $62.00 to $64.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Seagate Technology PLC currently has an average rating of “Buy” and an average price target of $63.35.
Seagate Technology PLC (NYSE:STX) traded up 0.86% on Wednesday, hitting $61.18. 1,943,466 shares of the company’s stock traded hands. Seagate Technology PLC has a one year low of $37.17 and a one year high of $62.76. The stock has a 50-day moving average of $59.02 and a 200-day moving average of $54.81. The company has a market cap of $19.994 billion and a P/E ratio of 13.42.
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. Analysts expect that Seagate Technology PLC will post $5.36 EPS for the current fiscal year.
Seagate Technology plc (NYSE:STX) is the provider of electronic data storage products.
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