The counter witnessed a trading volume of 0.17 million shares versus an average volume of 0.51 million shares during last trading session. Approximately 8.9% of the company's shares are short sold.
A number of research analysts have recently weighed in on the company.
Seagate Technology plc has been operating with a total market capitalizations of 12.5 B and has reported a price of 42.18 today, highlighting a positive change of 0.12%.
Those without a position in the stock should be considering a new investment, especially as we saw fit to boost our Target Price to $56 per share. Cowen and Company reissued a "market perform" rating and issued a $45.00 price objective (down from $46.00) on shares of Seagate Technology PLC in a report on Wednesday, April 26th. The P/E Ratio measures its current share price relative to its per-share earnings. 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 during the last quarter. The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 2.87 on scale of 1-5. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision.
Seagate Technology PLC (NASDAQ:STX) opened at 42.44 on Wednesday. Company's distance from 20 day simple moving average is 4.97% and distance from 50-Day simple moving average is 6.29%. Seagate Technology PLC has a 52-week low of $18.42 and a 52-week high of $48.53. Massachusetts-based Geode Cap Ltd Co has invested 0.05% in Seagate Technology PLC (NASDAQ:STX).
If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, STX earned gross profit of 3.85 Billion, in 2015 3.81 Billion gross profit, while in 2016 Seagate Technology plc (STX) produced 2.62 Billion profit. Seagate Technology PLC had a return on equity of 62.25% and a net margin of 4.69%. Revenue is expected in between 3.01 Billion and 2.66 Billion with an average of 2.82 Billion. During the same quarter in the prior year, the business posted $0.22 earnings per share.
On average, analysts expect that Seagate Technology PLC will report full year earnings of $4.48 per share for the current fiscal year, with EPS estimates ranging from $4.34 to $4.66.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Wednesday, June 21st will be issued a dividend of $0.63 per share. The dividend was equivalent to a 3.2% annualized yield as of March 31, 2017. The ex-dividend date is Monday, June 19th. Seagate Technology PLC's payout ratio is now 147.37%.
In other news, CFO David H. Morton, Jr. sold 6,197 shares of the business's stock in a transaction dated Wednesday, February 22nd. Floating stock is calculated by subtracting closely-held shares and restricted stock from a firm's total outstanding shares. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Municipal Employees Retirement System of MI now owns 9,440 shares of the data storage provider's stock valued at $364,000 after buying an additional 50 shares during the period. 254.79 million shares or 1.53% less from 258.75 million shares in 2016Q3 were reported. The disclosure for this sale can be found here. The stock plummeted -8.27 percent over the past month and ross 10.37 percent year-to-date.
Several institutional investors have recently added to or reduced their stakes in the company. Connecticut-based Conning has invested 0.14% in Seagate Technology PLC (NASDAQ:STX). Balentine LLC acquired a new position in shares of Seagate Technology PLC during the third quarter valued at about $110,000. Ropes Wealth Advisors LLC now owns 2,787 shares of the data storage provider's stock worth $107,000 after buying an additional 2,279 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. raised its stake in shares of Seagate Technology PLC by 12.4% in the first quarter. Ropes Wealth Advisors LLC boosted its position in shares of Seagate Technology PLC by 448.6% in the third quarter. 1,555,885 shares of the company traded hands.
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