Seagate Technology PLC CAO Sells $466,800 in Stock (STX)
Seagate Technology PLC (NYSE:STX) CAO Kenneth M. Massaroni sold 7,500 shares of Seagate Technology PLC stock on the open market in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $62.24, for a total value of $466,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 73,987 shares in the company, valued at approximately $4,604,951. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Seagate Technology PLC (NYSE:STX) traded down 1.21% on Tuesday, hitting $61.82. The stock had a trading volume of 3,370,603 shares. Seagate Technology PLC has a 52-week low of $38.38 and a 52-week high of $63.27. The stock has a 50-day moving average of $59.29 and a 200-day moving average of $55.16. The company has a market cap of $20.204 billion and a price-to-earnings ratio of 13.85.
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. On average, analysts predict that Seagate Technology PLC will post $5.36 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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, August 27th. 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 research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $63.35.
Seagate Technology plc (NYSE:STX) is the provider of electronic data storage products.
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