Shares of Seagate Technology PLC (NASDAQ:STX) have received a consensus recommendation of “Hold” from the twenty-four ratings firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $45.94.

A number of analysts recently commented on STX shares. Royal Bank of Canada boosted their target price on shares of Valener from C$22.00 to C$26.00 and gave the stock a “sector perform” rating in a report on Thursday, March 28th. Zacks Investment Research downgraded shares of Heritage Insurance from a “hold” rating to a “strong sell” rating in a report on Friday, April 26th. Benchmark upgraded shares of from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. BidaskClub lowered shares of YRC Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, Cleveland Research started coverage on shares of Western Digital in a report on Friday, June 7th. They set a “hold” rating on the stock.

Shares of NASDAQ STX traded up $0.25 during midday trading on Friday, hitting $47.25. The company’s stock had a trading volume of 63,841 shares, compared to its average volume of 2,428,013. Seagate Technology has a 1-year low of $35.38 and a 1-year high of $58.91. The business has a fifty day simple moving average of $45.63. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.16 and a current ratio of 1.62. The firm has a market cap of $13.12 billion, a price-to-earnings ratio of 8.58, a P/E/G ratio of 8.35 and a beta of 1.68.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, April 30th. The data storage provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.32 billion. Seagate Technology had a net margin of 13.73% and a return on equity of 90.33%. Seagate Technology’s revenue was down 17.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.46 EPS. On average, equities research analysts forecast that Seagate Technology will post 4.78 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 19th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date of this dividend was Tuesday, June 18th. Seagate Technology’s payout ratio is presently 45.74%.

In related news, Director Stephen J. Luczo sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $47.00, for a total transaction of $470,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Stephen J. Luczo sold 99,999 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $49.33, for a total transaction of $4,932,950.67. The disclosure for this sale can be found here. Insiders have sold 114,999 shares of company stock worth $5,640,201 over the last ninety days. 1.00% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Moody National Bank Trust Division grew its position in Seagate Technology by 1.7% in the first quarter. Moody National Bank Trust Division now owns 13,938 shares of the data storage provider’s stock worth $668,000 after acquiring an additional 238 shares in the last quarter. Capital Investment Advisory Services LLC boosted its holdings in shares of Seagate Technology by 6.2% during the 1st quarter. Capital Investment Advisory Services LLC now owns 4,369 shares of the data storage provider’s stock worth $209,000 after buying an additional 254 shares during the period. Front Row Advisors LLC boosted its holdings in shares of Seagate Technology by 91.0% during the 1st quarter. Front Row Advisors LLC now owns 573 shares of the data storage provider’s stock worth $28,000 after buying an additional 273 shares during the period. Bank of The West boosted its holdings in shares of Seagate Technology by 3.1% during the 1st quarter. Bank of The West now owns 10,273 shares of the data storage provider’s stock worth $492,000 after buying an additional 312 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Seagate Technology by 0.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 38,067 shares of the data storage provider’s stock worth $1,822,000 after buying an additional 327 shares during the period. 85.31% of the stock is owned by institutional investors.

About Seagate Technology

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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Analyst Recommendations for Seagate Technology (NASDAQ:STX)

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