Seagate Technology PLC (NASDAQ:STX) CFO David H. Morton, Jr. sold 35,142 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $55.00, for a total value of $1,932,810.00. Following the transaction, the chief financial officer now directly owns 8,540 shares in the company, valued at approximately $469,700. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
David H. Morton, Jr. also recently made the following trade(s):
- On Thursday, February 22nd, David H. Morton, Jr. sold 11,491 shares of Seagate Technology stock. The stock was sold at an average price of $51.78, for a total value of $595,003.98.
Shares of Seagate Technology PLC (STX) traded up $0.25 during midday trading on Wednesday, reaching $59.93. The company had a trading volume of 4,140,000 shares, compared to its average volume of 4,550,000. Seagate Technology PLC has a 52-week low of $30.60 and a 52-week high of $61.19. The firm has a market cap of $17,070.00, a P/E ratio of 27.37, a P/E/G ratio of 0.79 and a beta of 1.84. The company has a current ratio of 1.58, a quick ratio of 1.25 and a debt-to-equity ratio of 4.07.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 21st will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $2.52 annualized dividend and a dividend yield of 4.20%. Seagate Technology’s dividend payout ratio is presently 115.07%.
A number of research analysts have weighed in on STX shares. TheStreet raised Seagate Technology from a “c+” rating to a “b-” rating in a research note on Tuesday, January 9th. Loop Capital reissued a “buy” rating and set a $55.00 price target on shares of Seagate Technology in a research note on Tuesday, January 9th. They noted that the move was a valuation call. BidaskClub lowered Seagate Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. ValuEngine raised Seagate Technology from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Vetr lowered Seagate Technology from a “strong-buy” rating to a “buy” rating and set a $45.46 target price on the stock. in a research report on Tuesday, December 12th. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $50.60.
Institutional investors have recently made changes to their positions in the company. Avestar Capital LLC acquired a new stake in shares of Seagate Technology during the fourth quarter valued at about $100,000. Balentine LLC grew its stake in shares of Seagate Technology by 56.8% during the third quarter. Balentine LLC now owns 4,471 shares of the data storage provider’s stock valued at $148,000 after acquiring an additional 1,619 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of Seagate Technology during the fourth quarter valued at about $174,000. Brave Asset Management Inc. acquired a new stake in shares of Seagate Technology during the fourth quarter valued at about $203,000. Finally, New England Research & Management Inc. acquired a new stake in shares of Seagate Technology during the fourth quarter valued at about $205,000. Institutional investors own 88.84% of the company’s stock.
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Seagate Technology 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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