Seagate Technology PLC (NASDAQ:STX) Director Sells $287,400.00 in Stock

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Seagate Technology PLC (NASDAQ:STX) Director Stephen J. Luczo sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $57.48, for a total value of $287,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Stephen J. Luczo also recently made the following trade(s):

  • On Wednesday, September 11th, Stephen J. Luczo sold 5,000 shares of Seagate Technology stock. The stock was sold at an average price of $55.29, for a total value of $276,450.00.

Shares of STX stock opened at $58.79 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.17 and a current ratio of 1.58. Seagate Technology PLC has a fifty-two week low of $35.38 and a fifty-two week high of $58.80. The stock has a 50 day moving average price of $54.94 and a two-hundred day moving average price of $49.07. The company has a market capitalization of $15.15 billion, a P/E ratio of 12.20, a PEG ratio of 10.06 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Friday, November 1st. The data storage provider reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.03. Seagate Technology had a return on equity of 61.26% and a net margin of 17.66%. The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the company posted $1.70 earnings per share. The business’s revenue was down 13.8% on a year-over-year basis. As a group, equities analysts predict that Seagate Technology PLC will post 4.84 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the business. Covington Capital Management bought a new stake in Seagate Technology in the second quarter valued at approximately $26,000. Citizens Financial Group Inc RI purchased a new position in shares of Seagate Technology during the third quarter valued at approximately $26,000. AdvisorNet Financial Inc increased its stake in shares of Seagate Technology by 1,146.7% during the third quarter. AdvisorNet Financial Inc now owns 561 shares of the data storage provider’s stock valued at $30,000 after buying an additional 516 shares during the period. CWM LLC increased its stake in shares of Seagate Technology by 61.3% during the second quarter. CWM LLC now owns 789 shares of the data storage provider’s stock valued at $37,000 after buying an additional 300 shares during the period. Finally, HM Payson & Co. purchased a new position in shares of Seagate Technology during the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

A number of analysts recently weighed in on the company. UBS Group boosted their target price on Seagate Technology from $38.00 to $41.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. Susquehanna Bancshares dropped their target price on Seagate Technology from $34.00 to $32.00 and set a “sell” rating for the company in a research report on Monday, September 23rd. Peel Hunt restated a “buy” rating on shares of Seagate Technology in a research report on Tuesday, October 22nd. Wells Fargo & Co boosted their target price on Seagate Technology from $45.00 to $48.00 and gave the stock a “market perform” rating in a research report on Friday, September 13th. Finally, Bank of America boosted their target price on Seagate Technology from $45.00 to $50.00 and gave the stock an “underperform” rating in a research report on Monday, November 4th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $49.10.

Seagate Technology Company Profile

Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It manufactures and distributes hard disk drives; solid state drives (SSDs), including serial attached small computer system interface and non-volatile memory express SSDs; solid state hybrid drives; and storage subsystems.

Further Reading: Fundamental Analysis

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

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