Seagate Technology plc is maintained at an average hold rating by 28 stock analysts, and there are at least 14.78% of shares outstanding that are now legally short sold. Wells Fargo & Co now has a $45.00 price target on the data storage provider's stock, up from their prior price target of $38.00. Contravisory Investment Management Inc who had been investing in Seagate Technology Plc for a number of months, seems to be less bullish one the $14.66B market cap company. The stock is a Buy among 2 brokerage firms polled by Factset Research. Jefferies Group set a $29.00 target price on shares of Seagate Technology and gave the company a hold rating in a research note on Sunday, October 15th. Citigroup raised their price objective on shares of Seagate Technology from $34.00 to $41.00 and gave the stock a neutral rating in a report on Tuesday, October 24th. Maxim Group reiterated a "hold" rating and issued a $44.00 price target (up previously from $43.00) on shares of Seagate Technology in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company.
Shares of Seagate Technology (NASDAQ STX) traded up $2.25 during midday trading on Friday, hitting $51.26. 6,246,500 shares of the company's stock traded hands, compared to its average volume of 6,919,800. The firm has a market cap of $13.46 billion, a price-to-earnings ratio of 26.61 and a beta of 1.93. Seagate Technology has a 52 week low of $30.60 and a 52 week high of $50.96.
Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Monday, October 23rd. KeyCorp analyst W. Twigg now anticipates that the data storage provider will post earnings per share of $1.38 for the quarter, up from their prior forecast of $1.36. Seagate Technology had a net margin of 7.41% and a return on equity of 84.50%. (NasdaqGM:RDNT). Currently, the Earnings to Price (Yield) is 0.021170, Earnings Yield is 0.044082, and Earnings Yield 5 year average is 0.042102.
For the current quarter, 25 analysts are projecting a mean EPS of $1.34/share. Shareholders of record on Wednesday, December 20th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 5.14%. The ex-dividend date of this dividend is Monday, March 20th. Seagate Technology Plc Shs now has $14.83 billion valuation.
In related news, insider Jeffrey D. Nygaard purchased 5,000 shares of the business's stock in a transaction dated Friday, October 27th. Hedge funds and other institutional investors own 91.32% of the company's stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8,715 shares were sold by Moyo Dambisa F, worth $339,965. The shares were sold at an average price of $36.79, for a total transaction of $198,776.37.
The Shareholder Yield is a way that investors can see how much money shareholders are receiving from a company through a combination of dividends, share repurchases and debt reduction. In the last three months, insiders sold 194,744 shares of company stock worth $9,075,320. 40,700 are owned by Kwmg Limited Liability Company.
A number of institutional investors have recently made changes to their positions in STX.
Kempen Capital Management increased Enersys Com (NYSE:ENS) stake by 70,418 shares to 104,327 valued at $7.22 million in 2017Q3. KeyCorp also issued estimates for Seagate Technology's Q3 2019 earnings at $1.17 EPS and FY2019 earnings at $4.72 EPS. 1 analysts recommended Overweight these shares while 2 recommended Underweight, according to FactSet data. Chesley Taft And Assoc Limited Co stated it has 0.02% in Seagate Technology plc (NASDAQ:STX).
In other Seagate Technology news, insider Philip G. Brace sold 5,403 shares of the business's stock in a transaction on Monday, November 6th. Polianta Ltd increased its holdings in Seagate Technology by 32.6% in the 4th 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 during the last quarter. Seagate Technology plc (NASDAQ:STX) has a 20-Day average volume of 4.72 Million. 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 during the last quarter.
TRADEMARK VIOLATION NOTICE: This news story was originally published by BBNS and is the property of of BBNS. If you are reading this article on another website, it was stolen and reposted in violation of global trademark and copyright laws. The Company also provides data storage services for businesses, including online backup, data protection and recovery solutions. The Company's products include HEATSAVR, a chemical product for use in swimming pools and spas that forms a thin and transparent layer on the waterÂ's surface; ECOSAVR, a disposable dispenser designed for the residential pool and spa market; and WATERSAVR to reduce water evaporation in reservoirs, potable water storage tanks, livestock watering ponds, aqueducts, canals, and irrigation ditches, as well as for lawn and turf care, and potted and bedding plants. 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.