Seagate Technology PLC (STX) Receives Daily Media Impact Score of 0.15

News coverage about Seagate Technology PLC (NASDAQ:STX) has trended somewhat positive on Thursday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog 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 PLC earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the data storage provider an impact score of 45.0989889159532 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

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

• Technicals on Watch For Seagate Technology PLC (STX) – Stock Press Daily (stockpressdaily.com)
• Seagate Technology PLC (NASDAQ:STX) Stake Maintained by Mascoma Wealth Management LLC (campdesrecrues.com)
• Seagate Technology Plc :STX-US: Earnings Analysis: 2017 By the Numbers : August 8, 2017 (finance.yahoo.com)
• Seagate Technology PLC (STX) Upgraded by Zacks Investment Research to Hold (americanbankingnews.com)
• Dividend Yielding stock: Seagate Technology plc (STX) to observe with rate of 7.51% – Voice Of Analysts (analystsbuzz.com)

Shares of Seagate Technology PLC (STX) traded down 2.55% during mid-day trading on Thursday, reaching $31.77. The company’s stock had a trading volume of 4,465,308 shares. The stock has a market cap of $9.27 billion, a P/E ratio of 12.31 and a beta of 1.69. The stock has a 50 day moving average of $37.32 and a 200-day moving average of $43.11. Seagate Technology PLC has a one year low of $31.33 and a one year high of $50.96.

Seagate Technology PLC (NASDAQ:STX) last issued its earnings results on Tuesday, July 25th. The data storage provider reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by $0.34. The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.56 billion. Seagate Technology PLC had a return on equity of 81.87% and a net margin of 7.17%. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. On average, equities research analysts expect that Seagate Technology PLC will post $3.70 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 20th will be paid a dividend of $0.63 per share. The ex-dividend date is Tuesday, September 19th. This represents a $2.52 annualized dividend and a dividend yield of 7.73%. Seagate Technology PLC’s dividend payout ratio (DPR) is 97.67%.

A number of equities analysts have recently weighed in on STX shares. Jefferies Group LLC lowered their target price on Seagate Technology PLC from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. Aegis assumed coverage on Seagate Technology PLC in a research report on Tuesday, June 13th. They set a “buy” rating and a $50.00 target price on the stock. Loop Capital assumed coverage on Seagate Technology PLC in a research report on Monday, July 24th. They issued a “buy” rating and a $50.00 price target for the company. ValuEngine lowered Seagate Technology PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Finally, BidaskClub lowered Seagate Technology PLC from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Four 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 assigned a strong buy rating to the company’s stock. Seagate Technology PLC presently has an average rating of “Hold” and an average target price of $42.12.

In other news, SVP Mark Re sold 9,607 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $43.47, for a total transaction of $417,616.29. Following the completion of the transaction, the senior vice president now directly owns 40,470 shares of the company’s stock, valued at approximately $1,759,230.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Philip G. Brace bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were purchased at an average price of $33.34 per share, for a total transaction of $33,340.00. Following the transaction, the insider now owns 62,855 shares of the company’s stock, valued at approximately $2,095,585.70. The disclosure for this purchase can be found here. Insiders have sold 16,456 shares of company stock valued at $715,313 over the last three months. 1.50% of the stock is currently owned by corporate insiders.

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.