Seagate Technology PLC (NASDAQ:STX) Quarterly Analytical Analysis


(NASDAQ:STX) was down -0.41% during the last trading session, with a day high of 32.79.

Several other equities analysts also recently weighed in on the company. Craig Hallum lowered Seagate Technology PLC from a "buy" rating to a "hold" rating in a research report on Wednesday, July 26th. BidaskClub downgraded Seagate Technology from a "strong-buy" recommendation to a "buy" recommendation in a analysis note on Tue. Mizuho reduced their price objective on shares of Seagate Technology PLC from $41.00 to $36.00 and set a neutral rating for the company in a research note on Tuesday, July 25th. Sii Investments WI has an ownership of 6,465 stocks of the information storage provider's shares valued $295,000 following acquiring an extra 269 shares through out the previous quarter, Lastly, Arizona State Retirement System raised its stake in stocks of Seagate Technology by 0.4% in the Q1. Janney Montgomery Scott Ltd Liability Company has 0.11% invested in Seagate Technology PLC (NASDAQ:STX) for 188,445 shares. (NYSE:VER). At the time of writing, the First Call consensus price target for the company is $9.39. Cabot Wealth Management Inc sold 2,436 shares as Middleby Corp (MIDD)'s stock declined 6.89%. Seagate Technology PLC now has an average rating of Hold and a consensus target price of $40.48. Analysts have placed a $38.48 price target on Seagate Technology plc, suggesting a 17.39% gain from recent close. 3,562,738 shares of the company traded hands. The stock has a 50-day moving average price of $32.26 and a 200 day moving average price of $40.61. As per Tuesday, July 11, the company rating was maintained by RBC Capital Markets. Seagate Technology has a 52 week low of $30.60 and a 52 week high of $50.96.

Seagate Technology plc has a consensus hold rating from 29 Wall Street analysts, and the number of shares now sold short amount to at least 15.63% of shares outstanding. The Fuller & Thaler Asset Management Inc holds 149,505 shares with $5.71M value, down from 180,575 last quarter. The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.56 billion. The company's net profit margin has achieved the current level of 7.2 percent and possesses 29.5 percent gross margin.

Looking further out, over the past twelve months, MB Financial, Inc.'s stock was 9.61% and -6.47% over the last quarter and -6.28% for the past six months.

According to the latest research reports released, 2 analysts have issued a rating of "buy", 0 analysts "outperform", 22 analysts "hold", 2 analysts "underperform" and 3 analysts "sell". Seagate Technology PLC (NASDAQ:STX) has risen 107.16% since September 14, 2016 and is uptrending. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of U.S. and global trademark and copyright laws. ValuEngine downgraded Seagate Technology PLC from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 28th.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 20th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 7.51%. The ex-dividend date is Tuesday, September 19th.

In other Seagate Technology PLC news, insider Philip G. Brace acquired 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 1st. The shares were purchased at an average price of $33.34 per share, for a total transaction of $33,340.00. For the past 5 years, the company's revenue has grown -2%, while the company's earnings per share has grown -27.6%. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Hightower Advisors Ltd Liability Company has 0.29% invested in Celgene Corporation (NASDAQ:CELG). It turned negative, as 46 investors sold STX shares while 155 reduced holdings. WFG Advisors LP grew its position in shares of Seagate Technology PLC by 16,536.4% in the 2nd quarter. BlackRock Inc. now owns 18,336,509 shares of the data storage provider's stock worth $842,196,000 after buying an additional 17,777,387 shares in the last quarter. First Quadrant L P CA purchased a new position in shares of Seagate Technology PLC in the 2nd quarter worth approximately $153,000.

Lombard Odier Asset Management Usa Corp increased Sherwin Williams Co (SHW) stake by 112.28% reported in 2016Q4 SEC filing. Finally, Sigma Investment Counselors Inc. acquired a new position in Seagate Technology PLC in the 1st quarter worth about $201,000. LLC now owns 3,490 shares of the data storage provider's stock worth $160,000 after buying an additional 789 shares during the last quarter. Nisa Investment Advisors LLC now owns 45,050 shares of the data storage provider's stock worth $2,069,000 after purchasing an additional 9,608 shares during the period.

They presently have a $35.00 target price on the data storage provider's stock. The Company's principal products are hard disk drives.

Seagate Technology public limited company is a provider of electronic data storage technology and solutions.