Seagate Technology PLC (NASDAQ:STX)‘s stock had its “hold” rating reiterated by BMO Capital Markets in a research report issued to clients and investors on Monday.

Other analysts also recently issued reports about the company. Loop Capital initiated coverage on Seagate Technology PLC in a report on Monday, July 24th. They set a “buy” rating and a $50.00 price objective for the company. ValuEngine cut shares of Seagate Technology PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. BidaskClub cut shares of Seagate Technology PLC from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Craig Hallum raised shares of Seagate Technology PLC from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Monday, October 2nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $37.00 price target (down from $40.00) on shares of Seagate Technology PLC in a research report on Thursday, July 13th. Four investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $41.10.

Shares of Seagate Technology PLC (NASDAQ:STX) traded up 12.62% during trading on Monday, hitting $39.35. The company’s stock had a trading volume of 33,601,239 shares. The company has a 50-day moving average price of $33.49 and a 200-day moving average price of $38.09. The stock has a market cap of $11.33 billion, a PE ratio of 15.25 and a beta of 1.72. Seagate Technology PLC has a one year low of $30.60 and a one year high of $50.96.

Seagate Technology PLC (NASDAQ:STX) last posted its earnings results on Monday, October 23rd. The data storage provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.11. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. Seagate Technology PLC had a return on equity of 81.87% and a net margin of 7.17%. Seagate Technology PLC’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. Equities analysts predict that Seagate Technology PLC will post $3.63 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was originally published by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2017/10/23/seagate-technology-plc-stx-stock-rating-reaffirmed-by-bmo-capital-markets.html.

In related news, insider Philip G. Brace purchased 1,000 shares of Seagate Technology PLC stock in a transaction dated Tuesday, August 1st. The shares were acquired at an average price of $33.34 per share, with a total value of $33,340.00. Following the completion of the transaction, the insider now owns 62,855 shares of the company’s stock, valued at approximately $2,095,585.70. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.87% of the company’s stock.

Several hedge funds have recently modified their holdings of STX. WFG Advisors LP lifted its position in shares of Seagate Technology PLC by 16,536.4% during the second quarter. WFG Advisors LP now owns 3,660 shares of the data storage provider’s stock worth $142,000 after purchasing an additional 3,638 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of Seagate Technology PLC during the second quarter worth about $150,000. First Quadrant L P CA bought a new position in shares of Seagate Technology PLC during the second quarter worth about $153,000. Global X Management Co. LLC lifted its position in shares of Seagate Technology PLC by 29.2% during the first quarter. Global X Management Co. LLC now owns 3,490 shares of the data storage provider’s stock worth $160,000 after purchasing an additional 789 shares during the last quarter. Finally, SpiderRock Advisors LLC lifted its position in shares of Seagate Technology PLC by 2,419.5% during the third quarter. SpiderRock Advisors LLC now owns 5,568 shares of the data storage provider’s stock worth $184,000 after purchasing an additional 5,347 shares during the last quarter. 90.08% of the stock is currently owned by institutional investors and hedge funds.

About Seagate Technology PLC

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.

Analyst Recommendations for Seagate Technology PLC (NASDAQ:STX)

Receive News & Ratings for Seagate Technology PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seagate Technology PLC and related companies with MarketBeat.com's FREE daily email newsletter.