News articles about Seagate Technology (NASDAQ:STX) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Seagate Technology earned a news impact score of 0.16 on Accern’s scale. Accern also gave media stories about the data storage provider an impact score of 46.2622176832356 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

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

Shares of Seagate Technology (STX) traded up $0.61 during trading hours on Friday, hitting $52.62. 3,836,564 shares of the company’s stock traded hands, compared to its average volume of 4,396,961. Seagate Technology has a 12 month low of $30.60 and a 12 month high of $52.77. The firm has a market capitalization of $15,223.97, a price-to-earnings ratio of 19.86, a P/E/G ratio of 0.75 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.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 20th were paid a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $2.52 annualized dividend and a dividend yield of 4.79%. Seagate Technology’s payout ratio is currently 95.09%.

In related news, Director Dambisa F. Moyo sold 8,715 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $39.01, for a total transaction of $339,972.15. Following the transaction, the director now owns 3,316 shares in the company, valued at $129,357.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David H. Morton, Jr. sold 7,909 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $40.00, for a total transaction of $316,360.00. Following the transaction, the chief financial officer now owns 25,561 shares in the company, valued at approximately $1,022,440. The disclosure for this sale can be found here. Insiders sold 199,744 shares of company stock worth $9,317,320 in the last 90 days. 0.87% of the stock is owned by company insiders.

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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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