Seagate Technology PLC (NASDAQ:STX) was the target of some unusual options trading on Monday. Stock investors acquired 43,801 put options on the company. This represents an increase of approximately 363% compared to the average volume of 9,461 put options.
A number of analysts recently issued reports on STX shares. Benchmark Co. cut Seagate Technology PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Cowen and Company reaffirmed a “market perform” rating and issued a $45.00 price target (down previously from $46.00) on shares of Seagate Technology PLC in a research report on Wednesday, April 26th. Zacks Investment Research cut Seagate Technology PLC from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 27th. BidaskClub cut Seagate Technology PLC from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price target (down previously from $46.00) on shares of Seagate Technology PLC in a research report on Saturday, April 29th. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $42.12.
Seagate Technology PLC (STX) opened at 33.43 on Friday. The firm has a market cap of $9.76 billion, a P/E ratio of 12.96 and a beta of 1.69. The stock has a 50 day moving average price of $38.76 and a 200-day moving average price of $43.35. Seagate Technology PLC has a 1-year low of $30.09 and a 1-year high of $50.96.
Seagate Technology PLC (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, July 25th. The data storage provider reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by $0.34. The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.56 billion. Seagate Technology PLC had a return on equity of 81.87% and a net margin of 7.17%. Seagate Technology PLC’s revenue was down 9.3% on a year-over-year basis. During the same period last year, the business earned $0.69 EPS. Equities research analysts forecast that Seagate Technology PLC will post $3.70 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 20th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 7.54%. The ex-dividend date of this dividend is Tuesday, September 19th. Seagate Technology PLC’s dividend payout ratio (DPR) is presently 97.67%.
In other news, SVP Mark Re sold 9,607 shares of Seagate Technology PLC stock in a transaction on Monday, May 15th. The stock was sold at an average price of $43.47, for a total transaction of $417,616.29. Following the transaction, the senior vice president now owns 40,470 shares in the company, valued at $1,759,230.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Chong Sup Park sold 3,809 shares of Seagate Technology PLC stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $43.63, for a total value of $166,186.67. Following the sale, the director now directly owns 11,753 shares of the company’s stock, valued at approximately $512,783.39. The disclosure for this sale can be found here. Insiders have sold 16,456 shares of company stock worth $715,313 in the last quarter. 1.50% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Winslow Evans & Crocker Inc. boosted its stake in Seagate Technology PLC by 12.4% in the first quarter. Winslow Evans & Crocker Inc. now owns 2,726 shares of the data storage provider’s stock valued at $125,000 after buying an additional 300 shares in the last quarter. First Quadrant L P CA bought a new stake in Seagate Technology PLC during the second quarter valued at approximately $153,000. Global X Management Co. LLC boosted its stake in Seagate Technology PLC by 29.2% in the first quarter. Global X Management Co. LLC now owns 3,490 shares of the data storage provider’s stock valued at $160,000 after buying an additional 789 shares in the last quarter. Ledyard National Bank boosted its stake in Seagate Technology PLC by 1,318.3% in the first quarter. Ledyard National Bank now owns 4,255 shares of the data storage provider’s stock valued at $195,000 after buying an additional 3,955 shares in the last quarter. Finally, Sigma Investment Counselors Inc. bought a new stake in Seagate Technology PLC during the first quarter valued at approximately $201,000. 86.54% of the stock is owned by hedge funds and other institutional investors.
Seagate Technology PLC Company Profile
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.
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