Investors Buy High Volume of Seagate Technology PLC Call Options (STX)
Seagate Technology PLC (NASDAQ:STX) saw some unusual options trading activity on Monday. Stock investors bought 8,448 call options on the stock. This represents an increase of 142% compared to the average daily volume of 3,494 call options.
In other news, insider Philip G. Brace bought 1,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was bought at an average cost of $33.34 per share, for a total transaction of $33,340.00. Following the transaction, the insider now owns 62,855 shares of the company’s stock, valued at $2,095,585.70. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Cacti Asset Management LLC bought a new stake in Seagate Technology PLC in the third quarter valued at $13,812,000. W. E. Donoghue & Co. LLC bought a new stake in Seagate Technology PLC in the second quarter valued at $14,603,000. Intl Fcstone Inc. bought a new stake in Seagate Technology PLC in the second quarter valued at $772,000. Achmea Investment Management B.V. boosted its holdings in Seagate Technology PLC by 41.9% in the second quarter. Achmea Investment Management B.V. now owns 78,661 shares of the data storage provider’s stock valued at $3,045,000 after acquiring an additional 23,230 shares in the last quarter. Finally, USA Financial Portformulas Corp boosted its holdings in Seagate Technology PLC by 476.9% in the second quarter. USA Financial Portformulas Corp now owns 68,690 shares of the data storage provider’s stock valued at $2,662,000 after acquiring an additional 56,784 shares in the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.
Several equities analysts have recently commented on the stock. Royal Bank Of Canada restated a “hold” rating and issued a $45.00 target price on shares of Seagate Technology PLC in a research report on Friday, June 9th. Aegis assumed coverage on shares of Seagate Technology PLC in a research report on Tuesday, June 13th. They issued a “buy” rating and a $50.00 target price for the company. Evercore ISI assumed coverage on shares of Seagate Technology PLC in a research report on Friday, June 16th. They issued an “in-line” rating and a $48.00 target price for the company. Benchmark Co. cut shares of Seagate Technology PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded shares of Seagate Technology PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Four research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Seagate Technology PLC has a consensus rating of “Hold” and a consensus price target of $40.72.
Seagate Technology PLC (NASDAQ:STX) opened at 33.98 on Thursday. The firm has a market cap of $9.78 billion, a P/E ratio of 13.17 and a beta of 1.72. The company’s 50 day moving average is $32.39 and its 200-day moving average is $39.19. Seagate Technology PLC has a 52-week low of $30.60 and a 52-week high of $50.96.
Seagate Technology PLC (NASDAQ:STX) last released its quarterly earnings results on Tuesday, July 25th. The data storage provider reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.34). The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.56 billion. Seagate Technology PLC had a net margin of 7.17% and a return on equity of 81.87%. The business’s revenue was down 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. On average, equities analysts predict that Seagate Technology PLC will post $3.65 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Wednesday, September 20th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 7.42%. The ex-dividend date of this dividend was Tuesday, September 19th. Seagate Technology PLC’s dividend payout ratio (DPR) is currently 97.67%.
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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.
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