A number of research analysts recently issued reports on the stock. The average twelve-month price target among brokers that have issued a report on the stock in the past year is $43.15.
The hedge fund held 1.06M shares of the oil & gas production company at the end of 2017Q3, valued at $68.96M, down from 1.20 million at the end of the previous reported quarter. Finally, Maxim Group reaffirmed a "hold" rating and set a $44.00 price target (up from $43.00) on shares of Seagate Technology in a report on Tuesday. TheStreet upgraded shares of Seagate Technology from a "c+" rating to a "b-" rating in a research note on Tuesday. Royal Bank of Canada lifted their price objective on Seagate Technology to $48.00 and gave the company a sector perform rating in a research note on Tuesday. Craig Hallum reiterated a "buy" rating and issued a $56.00 price target (up previously from $50.00) on shares of Seagate Technology in a research note on Tuesday. They noted that the move was a valuation call. This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. Seagate Technology presently has an average rating of Hold and a consensus target price of $43.39. The stock of Seagate Technology plc (NASDAQ:STX) earned "Buy" rating by Craig Hallum on Wednesday, September 7. The company's stock had a trading volume of 5,979,786 shares, compared to its average volume of 6,919,800. Shares for $4.90M were sold by LUCZO STEPHEN J. On Monday, January 8 MORTON DAVID H JR sold $1.96 million worth of Seagate Technology plc (NASDAQ:STX) or 40,263 shares. The company has a debt-to-equity ratio of 4.03, a quick ratio of 1.55 and a current ratio of 1.96. Municipal Employees Retirement System of MI now owns 9,440 shares of the data storage provider's stock worth $364,000 after buying an additional 50 shares during the period. The firm had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.82 billion. It dived, as 73 investors sold Seagate Technology plc shares while 163 reduced holdings. During the same quarter past year, the company posted $0.99 earnings per share. Insiders have sold a total of 194,744 shares of company stock worth $9,075,320 in the last quarter. Investors of record on Wednesday, December 20th were issued a dividend of $0.63 per share.
Investors sentiment decreased to 0.78 in Q3 2017. This represents a $2.52 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Monday, March 20th. $339,965 worth of Seagate Technology plc (NASDAQ:STX) was sold by Moyo Dambisa F on Tuesday, October 24. Gilman Hill Asset Management Llc bought 129,132 shares as the company's stock declined 9.82% while stock markets rallied. -3.84% away from the high and 60.15% from the low. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. This ratio is calculated by dividing the current share price by the book value per share. Following the sale, the chairman now owns 95,420 shares of the company's stock, valued at approximately $4,674,625.80. The disclosure for this purchase can be found here. The difference between the actual and expected EPS is $0.1 a share with a surprise factor of 11.6%.
A number of institutional investors have recently made changes to their positions in STX.
Shares of Seagate Technology (NASDAQ STX) traded up $2.25 during midday trading on Friday, hitting $51.26. Balentine LLC now owns 4,471 shares of the data storage provider's stock valued at $148,000 after purchasing an additional 1,619 shares during the last quarter. The New York-based Brown Brothers Harriman has invested 0% in Seagate Technology plc (NASDAQ:STX). Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Seagate Technology PLC by 0.7% in the second quarter. Janus Henderson Group PLC now owns 2,700,947 shares of the data storage provider's stock worth $104,662,000 after purchasing an additional 2,664,861 shares during the period. It also increased its holding in Alphabet Inc by 407 shares in the quarter, for a total of 1,764 shares, and has risen its stake in Bancfirst Corp (NASDAQ:BANF). JPMorgan Chase & Co. now owns 1,650,262 shares of the data storage provider's stock valued at $63,947,000 after buying an additional 703,822 shares in the last quarter. Finally, State of Tennessee Treasury Department grew its holdings in Seagate Technology by 0.8% during the second quarter. ValueAct Holdings L.P. now owns 21,458,600 shares of the data storage provider's stock valued at $711,782,000 after buying an additional 7,642,835 shares in the last quarter.
COPYRIGHT VIOLATION NOTICE: This article was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another publication, it was illegally stolen and reposted in violation of US & worldwide trademark and copyright law. Chesley Taft And Assoc Limited Co stated it has 0.02% in Seagate Technology plc (NASDAQ:STX). 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.
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