Seagate Technology PLC (NASDAQ:STX) insider Philip G. Brace sold 5,000 shares of Seagate Technology stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $48.40, for a total value of $242,000.00. Following the completion of the transaction, the insider now owns 16,069 shares of the company’s stock, valued at $777,739.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Seagate Technology PLC (STX) traded up $0.25 on Tuesday, hitting $51.51. The stock had a trading volume of 6,861,000 shares, compared to its average volume of 4,840,000. The company has a market capitalization of $14,900.00, a PE ratio of 19.51, a PEG ratio of 0.76 and a beta of 1.68. The company has a debt-to-equity ratio of 4.03, a quick ratio of 1.55 and a current ratio of 1.96. Seagate Technology PLC has a 52 week low of $30.60 and a 52 week high of $52.33.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Monday, October 23rd. The data storage provider reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.10. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. Seagate Technology had a return on equity of 84.50% and a net margin of 7.41%. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 earnings per share. equities analysts forecast that Seagate Technology PLC will post 4.32 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 20th were issued a dividend of $0.63 per share. The ex-dividend date was Tuesday, December 19th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 4.89%. Seagate Technology’s dividend payout ratio (DPR) is presently 95.45%.

A number of equities analysts recently commented on STX shares. Mizuho reiterated a “hold” rating and issued a $36.00 price target on shares of Seagate Technology in a research note on Monday, October 9th. Zacks Investment Research upgraded Seagate Technology from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Thursday, October 26th. BidaskClub upgraded Seagate Technology from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 25th. Jefferies Group set a $29.00 price target on Seagate Technology and gave the stock a “hold” rating in a research note on Sunday, October 15th. Finally, Morgan Stanley lifted their price target on Seagate Technology from $32.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 24th. Four equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $43.39.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. WFG Advisors LP raised its holdings in shares of Seagate Technology by 16,536.4% during the second quarter. WFG Advisors LP now owns 3,660 shares of the data storage provider’s stock valued at $142,000 after buying an additional 3,638 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Seagate Technology during the second quarter valued at approximately $150,000. Balentine LLC raised its holdings in shares of Seagate Technology by 56.8% during the third quarter. Balentine LLC now owns 4,471 shares of the data storage provider’s stock valued at $148,000 after buying an additional 1,619 shares during the last quarter. New England Research & Management Inc. bought a new stake in shares of Seagate Technology during the fourth quarter valued at approximately $205,000. Finally, SpiderRock Advisors LLC raised its holdings in shares of Seagate Technology by 2,419.5% during the third quarter. SpiderRock Advisors LLC now owns 5,568 shares of the data storage provider’s stock valued at $184,000 after buying an additional 5,347 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors.

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About Seagate Technology

Seagate Technology public limited company is a provider of electronic data storage technology and solutions. The Company’s principal products are hard disk drives (HDDs). In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers.

Insider Buying and Selling by Quarter for Seagate Technology (NASDAQ:STX)

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