Seagate Technology PLC (NASDAQ:STX) insider Philip G. Brace sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $46.44, for a total value of $557,280.00. Following the sale, the insider now directly owns 27,069 shares of the company’s stock, valued at $1,257,084.36. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of Seagate Technology PLC (STX) opened at $51.26 on Friday. The stock has a market capitalization of $14,830.00, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. The company has a quick ratio of 1.55, a current ratio of 1.96 and a debt-to-equity ratio of 4.03. Seagate Technology PLC has a fifty-two week low of $30.60 and a fifty-two week high of $51.88.

Seagate Technology (NASDAQ:STX) last released its earnings results on Monday, October 23rd. The data storage provider reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.10. Seagate Technology had a return on equity of 84.50% and a net margin of 7.41%. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter last year, the firm posted $0.99 EPS. The company’s revenue was down 5.9% on a year-over-year basis. equities research analysts forecast that Seagate Technology PLC will post 4 earnings per share for the current fiscal year.

The company also recently disclosed 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. This represents a $2.52 annualized dividend and a dividend yield of 4.92%. The ex-dividend date was Tuesday, December 19th. Seagate Technology’s payout ratio is presently 95.45%.

Large investors have recently made changes to their positions in the company. WFG Advisors LP grew its holdings in shares of Seagate Technology by 16,536.4% during the 2nd quarter. WFG Advisors LP now owns 3,660 shares of the data storage provider’s stock worth $142,000 after purchasing an additional 3,638 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Seagate Technology during the 2nd quarter worth approximately $150,000. Balentine LLC grew its holdings in shares of Seagate Technology by 56.8% during the 3rd quarter. Balentine LLC now owns 4,471 shares of the data storage provider’s stock worth $148,000 after purchasing an additional 1,619 shares in the last quarter. New England Research & Management Inc. acquired a new stake in shares of Seagate Technology during the 4th quarter worth approximately $205,000. Finally, SpiderRock Advisors LLC grew its holdings in shares of Seagate Technology by 2,419.5% during the 3rd quarter. SpiderRock Advisors LLC now owns 5,568 shares of the data storage provider’s stock worth $184,000 after purchasing an additional 5,347 shares in the last quarter. 91.32% of the stock is currently owned by institutional investors.

STX has been the subject of a number of recent research reports. Zacks Investment Research raised 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. Vetr raised Seagate Technology from a “buy” rating to a “strong-buy” rating and set a $41.39 price target for the company in a research note on Monday, November 6th. Argus reaffirmed a “hold” rating and set a $40.00 price target on shares of Seagate Technology in a research note on Tuesday, October 24th. Guggenheim reaffirmed a “hold” rating on shares of Seagate Technology in a research note on Monday, October 23rd. Finally, Cowen reaffirmed a “hold” rating and set a $36.00 price target on shares of Seagate Technology in a research note on Friday, October 13th. Four investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Seagate Technology presently has a consensus rating of “Hold” and a consensus target price of $43.39.

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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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