Somewhat Positive News Coverage Somewhat Unlikely to Impact Seagate Technology PLC (STX) Share Price

News articles about Seagate Technology PLC (NASDAQ:STX) have been trending somewhat positive on Thursday, Accern reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Seagate Technology PLC earned a news impact score of 0.15 on Accern’s scale. Accern also gave headlines about the data storage provider an impact score of 46.5342817945601 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

STX has been the topic of a number of research reports. Zacks Investment Research raised Seagate Technology PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. FBN Securities downgraded Seagate Technology PLC from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $40.00 to $32.00 in a research note on Monday, September 11th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $35.00 price target on shares of Seagate Technology PLC in a research note on Friday, September 1st. Barclays PLC downgraded Seagate Technology PLC from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $49.00 to $40.00 in a research note on Thursday, July 13th. Finally, Citigroup Inc. dropped their price target on Seagate Technology PLC from $46.00 to $42.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 18th. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $40.70.

Seagate Technology PLC (NASDAQ STX) opened at 33.50 on Thursday. The stock has a market cap of $9.64 billion, a P/E ratio of 12.98 and a beta of 1.72. The company has a 50-day moving average price of $32.68 and a 200 day moving average price of $38.78. Seagate Technology PLC has a 1-year low of $30.60 and a 1-year high of $50.96.

Seagate Technology PLC (NASDAQ:STX) last posted 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). Seagate Technology PLC had a return on equity of 81.87% and a net margin of 7.17%. The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the firm posted $0.69 EPS. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. Equities analysts expect that Seagate Technology PLC will post $3.65 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 20th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 7.52%. The ex-dividend date of this dividend was Tuesday, September 19th. Seagate Technology PLC’s dividend payout ratio (DPR) is presently 97.67%.

In related news, insider Philip G. Brace bought 1,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was acquired at an average price of $33.34 per share, with a total value of $33,340.00. Following the transaction, the insider now owns 62,855 shares in the company, valued at approximately $2,095,585.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.87% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Seagate Technology PLC (NASDAQ:STX)

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