Seagate Technology PLC (NASDAQ:STX) EVP James J. Murphy sold 20,832 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $45.75, for a total value of $953,064.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
STX opened at $45.11 on Friday. The company has a market capitalization of $12.93 billion, a P/E ratio of 8.19, a PEG ratio of 4.93 and a beta of 1.61. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.12 and a current ratio of 1.60. Seagate Technology PLC has a 1-year low of $35.38 and a 1-year high of $62.70.
Get Seagate Technology alerts:Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Monday, February 4th. The data storage provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.14. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Seagate Technology had a return on equity of 105.74% and a net margin of 14.77%. The company’s revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.48 EPS. As a group, equities research analysts forecast that Seagate Technology PLC will post 4.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend is Tuesday, March 19th. Seagate Technology’s dividend payout ratio is currently 45.74%.
Hedge funds have recently bought and sold shares of the stock. Kepos Capital LP purchased a new stake in Seagate Technology in the 3rd quarter valued at approximately $3,872,000. Victory Capital Management Inc. lifted its stake in Seagate Technology by 49.2% in the 3rd quarter. Victory Capital Management Inc. now owns 171,623 shares of the data storage provider’s stock valued at $8,126,000 after buying an additional 56,597 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in Seagate Technology in the 4th quarter valued at approximately $319,000. Dupont Capital Management Corp lifted its stake in Seagate Technology by 1,516.8% in the 3rd quarter. Dupont Capital Management Corp now owns 68,166 shares of the data storage provider’s stock valued at $3,228,000 after buying an additional 63,950 shares in the last quarter. Finally, Boston Advisors LLC purchased a new stake in Seagate Technology in the 4th quarter valued at approximately $271,000. 93.00% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have issued reports on STX. ValuEngine upgraded Seagate Technology from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Benchmark reiterated a “hold” rating on shares of Seagate Technology in a research report on Tuesday, February 5th. Maxim Group reiterated a “hold” rating and set a $49.00 target price (down previously from $51.00) on shares of Seagate Technology in a research report on Tuesday, February 5th. Craig Hallum dropped their target price on Seagate Technology from $47.00 to $41.00 and set a “hold” rating on the stock in a research report on Tuesday, February 5th. Finally, Wells Fargo & Co dropped their target price on Seagate Technology from $50.00 to $45.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 5th. Six analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $47.01.
ILLEGAL ACTIVITY WARNING: This piece of content was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.tickerreport.com/banking-finance/4170554/seagate-technology-plc-stx-evp-james-j-murphy-sells-20832-shares.html.
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.
Read More: Are Wall Street analysts’ stock ratings worth following?
No comments:
Post a Comment