Seagate Technology PLC (NASDAQ:STX) Director Stephen J. Luczo sold 5,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $58.82, for a total transaction of $294,100.00. The sale was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $55.29, for a total transaction of $276,450.00.
NASDAQ:STX traded up $0.43 during mid-day trading on Wednesday, hitting $58.64. 2,125,506 shares of the company’s stock were exchanged, compared to its average volume of 2,945,985. The company has a current ratio of 1.58, a quick ratio of 1.17 and a debt-to-equity ratio of 2.34. Seagate Technology PLC has a fifty-two week low of $35.38 and a fifty-two week high of $60.56. The company has a 50 day simple moving average of $57.89 and a 200-day simple moving average of $50.51. The firm has a market capitalization of $15.68 billion, a P/E ratio of 12.17, a PEG ratio of 10.18 and a beta of 1.62.
Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Friday, November 1st. The data storage provider reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.03. The firm had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.57 billion. Seagate Technology had a net margin of 17.66% and a return on equity of 61.26%. The business’s revenue for the quarter was down 13.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.70 EPS. As a group, analysts expect that Seagate Technology PLC will post 4.84 earnings per share for the current year.
A number of brokerages have commented on STX. Stifel Nicolaus began coverage on shares of Seagate Technology in a research note on Monday. They issued a “hold” rating and a $62.00 price target for the company. Mizuho reiterated a “hold” rating and issued a $53.00 price target on shares of Seagate Technology in a research note on Friday, November 1st. BidaskClub upgraded shares of Seagate Technology from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. ValuEngine cut shares of Seagate Technology from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, KeyCorp set a $58.00 price target on shares of Seagate Technology and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $49.62.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STX. BB&T Corp bought a new position in shares of Seagate Technology in the second quarter worth approximately $202,000. Westside Investment Management Inc. purchased a new stake in Seagate Technology in the second quarter worth approximately $156,000. Brookstone Capital Management purchased a new stake in Seagate Technology in the second quarter worth approximately $2,295,000. Hartford Investment Management Co. purchased a new stake in Seagate Technology in the second quarter worth approximately $1,336,000. Finally, Atlas Capital Advisors LLC boosted its stake in Seagate Technology by 43.8% in the second quarter. Atlas Capital Advisors LLC now owns 6,727 shares of the data storage provider’s stock worth $317,000 after buying an additional 2,048 shares in the last quarter. 84.36% of the stock is currently owned by institutional investors and hedge funds.
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.
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