Seagate Technology PLC (NASDAQ:STX)‘s stock had its “hold” rating restated by equities researchers at KeyCorp in a report released on Monday.

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

Seagate Technology PLC (NASDAQ:STX) traded up 12.62% during midday trading on Monday, hitting $39.35. 33,593,785 shares of the stock traded hands. Seagate Technology PLC has a 1-year low of $30.60 and a 1-year high of $50.96. The company has a 50-day moving average of $33.27 and a 200-day moving average of $38.26. 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 (NASDAQ:STX) last released its earnings results on Monday, October 23rd. The data storage provider reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.11. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Seagate Technology PLC had a net margin of 7.17% and a return on equity of 81.87%. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.99 EPS. On average, equities analysts expect that Seagate Technology PLC will post $3.63 EPS for the current fiscal year.

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In other Seagate Technology PLC news, insider Philip G. Brace acquired 1,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were bought at an average cost of $33.34 per share, for a total transaction of $33,340.00. Following the completion of the acquisition, the insider now directly owns 62,855 shares of the company’s stock, valued at $2,095,585.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Good Life Advisors LLC raised its holdings in shares of Seagate Technology PLC by 0.3% in the second quarter. Good Life Advisors LLC now owns 9,883 shares of the data storage provider’s stock valued at $379,000 after purchasing an additional 26 shares during the last quarter. L & S Advisors Inc grew its stake in shares of Seagate Technology PLC by 0.5% in the second quarter. L & S Advisors Inc now owns 19,412 shares of the data storage provider’s stock valued at $752,000 after buying an additional 100 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of Seagate Technology PLC by 0.3% in the second quarter. Neuberger Berman Group LLC now owns 48,218 shares of the data storage provider’s stock valued at $1,868,000 after buying an additional 152 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Seagate Technology PLC by 0.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,065 shares of the data storage provider’s stock valued at $855,000 after buying an additional 169 shares in the last quarter. Finally, IHT Wealth Management LLC grew its stake in shares of Seagate Technology PLC by 1.6% in the first quarter. IHT Wealth Management LLC now owns 12,225 shares of the data storage provider’s stock valued at $562,000 after buying an additional 194 shares in the last quarter. Institutional investors own 90.08% of the company’s stock.

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.

Analyst Recommendations for Seagate Technology PLC (NASDAQ:STX)

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