Seagate Technology PLC (NASDAQ:STX) Director Chong Sup Park sold 3,809 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $43.63, for a total transaction of $166,186.67. Following the completion of the transaction, the director now directly owns 11,753 shares in the company, valued at $512,783.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Seagate Technology PLC (NASDAQ:STX) traded up 0.21% during trading on Thursday, hitting $42.25. 4,102,516 shares of the stock traded hands. Seagate Technology PLC has a 52-week low of $20.29 and a 52-week high of $50.96. The firm has a 50-day moving average price of $45.28 and a 200 day moving average price of $42.61. The company has a market cap of $12.53 billion, a P/E ratio of 17.39 and a beta of 1.93.

Seagate Technology PLC (NASDAQ:STX) last posted its earnings results on Wednesday, April 26th. The data storage provider reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.04. The business had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Seagate Technology PLC had a net margin of 4.69% and a return on equity of 62.25%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 EPS. On average, equities analysts expect that Seagate Technology PLC will post $4.45 EPS for the current year.

Insider Buying and Selling by Quarter for Seagate Technology PLC (NASDAQ:STX)

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Wednesday, June 21st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 5.96%. The ex-dividend date of this dividend is Monday, June 19th. Seagate Technology PLC’s dividend payout ratio (DPR) is presently 147.37%.

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Several institutional investors have recently modified their holdings of the company. Winslow Evans & Crocker Inc. boosted its position in shares of Seagate Technology PLC by 12.4% in the first quarter. Winslow Evans & Crocker Inc. now owns 2,726 shares of the data storage provider’s stock valued at $125,000 after buying an additional 300 shares during the period. Seven Bridges Advisors LLC acquired a new position in shares of Seagate Technology PLC during the third quarter valued at $107,000. Balentine LLC acquired a new position in shares of Seagate Technology PLC during the third quarter valued at $110,000. Mascoma Wealth Management LLC acquired a new position in shares of Seagate Technology PLC during the fourth quarter valued at $120,000. Finally, Global X Management Co. LLC boosted its position in shares of Seagate Technology PLC by 29.2% in the first quarter. Global X Management Co. LLC now owns 3,490 shares of the data storage provider’s stock valued at $160,000 after buying an additional 789 shares during the period. Hedge funds and other institutional investors own 90.47% of the company’s stock.

A number of research analysts have weighed in on STX shares. BTIG Research raised their price objective on shares of Seagate Technology PLC to $55.00 in a research note on Wednesday, January 25th. Jefferies Group LLC raised their price objective on shares of Seagate Technology PLC from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, January 25th. Benchmark Co. raised their price objective on shares of Seagate Technology PLC from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, January 25th. Brean Capital reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Seagate Technology PLC in a research note on Wednesday, January 25th. Finally, Vetr lowered shares of Seagate Technology PLC from a “strong-buy” rating to a “buy” rating and set a $47.74 price objective on the stock. in a research note on Wednesday, January 25th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $42.38.

Seagate Technology PLC Company Profile

Seagate Technology public limited company is a provider of electronic data storage technology and solutions. The Company’s principal products are hard disk drives (HDDs). In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers.

5 Day Chart for NASDAQ:STX

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