Seagate Technology (STX) Earns Market Perform Rating from Wells Fargo & Co

Mindy Sparks
January 13, 2018

They now have a $44.00 price target on the data storage provider's stock, up from their previous price target of $43.00. Susquehanna downgraded Seagate Technology plc (NASDAQ:STX) on Monday, October 19 to "Neutral" rating. BTIG Research initiated the stock with "Buy" rating in Tuesday, April 26 report. Mizuho raised their price objective on shares of Seagate Technology from $36.00 to $39.00 and gave the stock a neutral rating in a report on Monday, October 23rd. The stock of Seagate Technology plc (NASDAQ:STX) has "Sell" rating given on Wednesday, January 27 by Citigroup. Benchmark upgraded Seagate Technology plc (NASDAQ:STX) rating on Tuesday, October 11. 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. At the close of regular trading, its last week's stock price volatility was 2.04% which for the month reaches 2.17%. More interesting news about Seagate Technology plc (NASDAQ:STX) were released by: Streetinsider.com and their article: "Form 4 Seagate Technology plc For: Jan 08 Filed by: BRACE PHILIP G" published on January 11, 2018 as well as Businesswire.com's news article titled: "Seagate Technology Announces Preliminary Financial Information for Fiscal ..." with publication date: January 08, 2018. The stock traded with the volume of 6.24 Million shares yesterday. The company has market cap of $1.63 billion. The company has a quick ratio of 1.55, a current ratio of 1.96 and a debt-to-equity ratio of 4.03. Seagate Technology has a 52 week low of $30.60 and a 52 week high of $50.96. SpiderRock Advisors LLC grew its holdings in shares of Seagate Technology by 2,419.5% in the third quarter. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. $339,965 worth of Seagate Technology plc (NASDAQ:STX) was sold by Moyo Dambisa F on Tuesday, October 24. The business's quarterly revenue was down 5.9% on a year-over-year basis.

Seagate Technology plc (NASDAQ:STX) reported its EPS in the last quarter as $0.96/Share beating the analyst estimate of $0.86/Share by a difference of $0.1.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd.

Investors sentiment decreased to 0.78 in 2017 Q3. The ex-dividend date of this dividend is Monday, March 20th. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is now sitting at 48. Seagate Technology PLC is headquartered in Dublin, Ireland.

In related news, Chairman Stephen J. Luczo sold 100,000 shares of Seagate Technology stock in a transaction that occurred on Monday, January 8th. The stock is now moving above its 20-Day Simple Moving Average of 14.24% with a 50-Day Simple Moving Average of 21.6 percent. The ERP5 Rank may assist investors with spotting companies that are undervalued. Insiders sold 194,744 shares of company stock valued at $9,075,320 over the last 90 days. This ratio is calculated by dividing the current share price by the book value per share. The disclosure for this sale can be found here. The stock was purchased at an average price of $37.38 per share, with a total value of $186,900.00. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company.

A number of institutional investors have recently made changes to their positions in the company. Windward Capital Management Co.


ILLEGAL ACTIVITY NOTICE: "Somewhat Positive Media Coverage Somewhat Unlikely to Impact Seagate Technology (NASDAQ:STX) Share Price" was originally posted by Week Herald and is the property of of Week Herald. According to their observations and findings, the stock could provide a high EPS of $1.53/share and a low EPS of $1.11/share.

Contravisory Investment Management Inc decreased its stake in Seagate Technology Plc (STX) by 99.9% based on its latest 2017Q3 regulatory filing with the SEC.

SunPower Corporation (SPWR) in the last quarter reported its actual EPS of $0.21/share where the analyst estimated EPS was $-0.39/share. Finally, Cacti Asset Management LLC raised its stake in Seagate Technology by 0.8% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 7,651 shares of the data storage provider's stock worth $295,000 after buying an additional 167 shares during the period.

With the stock market continuing to move higher, investors may be searching for stocks that are still fairly undervalued. If you are reading this story on another website, it was illegally stolen and republished in violation of United States and global copyright laws. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and worldwide copyright & trademark laws.

Seagate Technology public limited company is a provider of electronic data storage technology and solutions. It offers a range of disk drive products for the enterprise, client compute and client non-compute market applications.

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