Stifel Nicolaus reiterated their hold rating on shares of Seagate Technology PLC (NASDAQ:STX) in a report released on Tuesday. The brokerage currently has a $35.00 target price on the data storage provider’s stock.

Several other research analysts also recently weighed in on the company. Maxim Group lifted their target price on Seagate Technology PLC from $25.00 to $35.00 and gave the company a hold rating in a research note on Tuesday, July 12th. Jefferies Group lifted their target price on Seagate Technology PLC from $32.00 to $38.00 and gave the company a buy rating in a research note on Tuesday, September 6th. RBC Capital Markets reiterated a sector perform rating and issued a $31.00 target price (up from $27.00) on shares of Seagate Technology PLC in a research note on Tuesday, August 2nd. Susquehanna reiterated a neutral rating and issued a $32.00 target price (up from $30.00) on shares of Seagate Technology PLC in a research note on Friday, August 19th. Finally, Brean Capital reiterated a buy rating on shares of Seagate Technology PLC in a research note on Wednesday, June 15th. Three equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $34.03.

Seagate Technology PLC (NASDAQ:STX) opened at 36.40 on Tuesday. The company has a 50-day moving average price of $32.94 and a 200 day moving average price of $28.59. Seagate Technology PLC has a 1-year low of $18.42 and a 1-year high of $49.52. The firm has a market capitalization of $10.92 billion, a P/E ratio of 44.39 and a beta of 2.46.

Seagate Technology PLC (NASDAQ:STX) last released its quarterly earnings results on Tuesday, August 2nd. The data storage provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.60 by $0.09. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.32 billion. Seagate Technology PLC had a return on equity of 38.98% and a net margin of 2.22%. The firm’s revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 earnings per share. Analysts expect that Seagate Technology PLC will post $3.02 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Wednesday, September 21st will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date of this dividend is Monday, September 19th. Seagate Technology PLC’s dividend payout ratio is presently 307.32%.

In other Seagate Technology PLC news, SVP Mark Re sold 5,800 shares of the stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $33.58, for a total transaction of $194,764.00. Following the transaction, the senior vice president now owns 46,970 shares of the company’s stock, valued at approximately $1,577,252.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO David H. Morton, Jr. sold 1,716 shares of the stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $36.16, for a total value of $62,050.56. Following the transaction, the chief financial officer now directly owns 20,782 shares in the company, valued at approximately $751,477.12. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STX. Cowen Prime Services LLC bought a new stake in shares of Seagate Technology PLC during the second quarter valued at about $105,000. Glenmede Trust Co. NA increased its stake in shares of Seagate Technology PLC by 30.2% in the second quarter. Glenmede Trust Co. NA now owns 4,650 shares of the data storage provider’s stock valued at $113,000 after buying an additional 1,079 shares during the period. Advisory Services Network LLC increased its stake in shares of Seagate Technology PLC by 30.2% in the second quarter. Advisory Services Network LLC now owns 5,603 shares of the data storage provider’s stock valued at $136,000 after buying an additional 1,300 shares during the period. Tredje AP fonden bought a new stake in shares of Seagate Technology PLC during the second quarter valued at about $146,000. Finally, RidgeWorth Capital Management LLC increased its stake in shares of Seagate Technology PLC by 14.5% in the second quarter. RidgeWorth Capital Management LLC now owns 6,545 shares of the data storage provider’s stock valued at $157,000 after buying an additional 827 shares during the period. 83.96% of the stock is currently owned by institutional investors.

Seagate Technology PLC Company Profile

Seagate Technology plc (Seagate) is a provider of electronic data storage products. The Company’s products are hard disk drives (HDD). The Company produces a range of electronic data storage products, including solid state hybrid drives (SSHD), solid state drives (SSD), peripheral component interconnect express (PCIe) cards and Serial AT Attachment (SATA) controllers.

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