Seagate Technology PLC (NASDAQ:STX)‘s stock had its “hold” rating restated by analysts at Argus in a note issued to investors on Tuesday. They presently have a $40.00 target price on the data storage provider’s stock. Argus’ price target indicates a potential upside of 2.99% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on STX. Morgan Stanley lifted their target price on shares of Seagate Technology PLC from $32.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Barclays PLC lifted their target price on shares of Seagate Technology PLC from $29.00 to $32.00 and gave the stock an “underweight” rating in a research note on Tuesday. Royal Bank Of Canada lifted their target price on shares of Seagate Technology PLC from $35.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Citigroup Inc. lifted their target price on shares of Seagate Technology PLC from $34.00 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, UBS AG lifted their target price on shares of Seagate Technology PLC from $28.00 to $30.00 and gave the stock a “sell” rating in a research note on Tuesday. Four analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Seagate Technology PLC presently has a consensus rating of “Hold” and an average price target of $41.57.

Shares of Seagate Technology PLC (NASDAQ:STX) traded down 1.30% during mid-day trading on Tuesday, reaching $38.84. 12,133,760 shares of the company’s stock were exchanged. Seagate Technology PLC has a one year low of $30.60 and a one year high of $50.96. 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 $11.18 billion, a PE ratio of 15.05 and a beta of 1.72.

Seagate Technology PLC (NASDAQ:STX) last posted its earnings results on Monday, October 23rd. The data storage provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.10. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 EPS. On average, analysts predict that Seagate Technology PLC will post $3.63 EPS for the current year.

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In related news, insider Philip G. Brace purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was acquired at an average price of $33.34 per share, for a total transaction of $33,340.00. Following the completion of the purchase, the insider now directly owns 62,855 shares of the company’s stock, valued at $2,095,585.70. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.87% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Good Life Advisors LLC grew its holdings in 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 holdings in 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 purchasing an additional 100 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in 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 purchasing an additional 152 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in 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 purchasing an additional 169 shares during the last quarter. Finally, IHT Wealth Management LLC grew its holdings in 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 purchasing an additional 194 shares during the last quarter. Hedge funds and other institutional investors own 89.94% 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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