Shares of Seagate Technology (STX) were climbing in pre-market trading on Wednesday after the data storage company posted better-than-expected earnings for the fiscal 2017 first quarter. Now the stock has been rated as "Buy" from 13 Analysts.
A number of hedge funds and other institutional investors have recently bought and sold shares of STX. Thrivent Financial for Lutherans now owns 9,819 shares of the data storage provider's stock worth $239,000 after buying an additional 1,069 shares during the period. Finally, Sentry Investment Management LLC increased its stake in shares of Seagate Technology PLC by 5.7% in the first quarter. Readers should not consider this as a recommendation to buy or sell company stock. Guggenheim Capital LLC increased its position in shares of Seagate Technology PLC by 55.9% in the second quarter. Following the transaction, the senior vice president now directly owns 46,970 shares of the company's stock, valued at approximately $1,577,252.60.
JPMorgan Chase & Co. has upgraded Seagate Technology PLC (NASDAQ:STX) to Neutral in a statement released on 10/11/2016. BlackRock Institutional Trust Company N.A. now owns 5,705,526 shares of the data storage provider's stock valued at $196,555,000 after buying an additional 189,547 shares during the period. Seagate Technology plc's target price was set to 37.27 with an IPO date at 12/11/2002. With the last close up 20.89% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. Seagate Technology plc has P/S value of 0.95 while its P/B value stands at 6.57.
The price/earnings ratio (P/E) is 42.89 and the forward P/E ratio stands at 10.07. Overweight rating was given by 0 analysts and Underweight rating was given by 2 analysts. The company earned $2.80 billion during the quarter, compared to analyst estimates of $2.79 billion. Seagate Technology PLC had a return on equity of 38.98% and a net margin of 2.22%. FIL Ltd raised its position in Seagate Technology PLC by 8.4% in the second quarter. During the same quarter a year ago, the company earned $0.77 EPS.
The business also recently declared a quarterly dividend, which was paid on Saturday, October 15th. Shareholders of record on Wednesday, September 21st were paid a $0.63 dividend. The dividend payout ratio (ttm) amounts to 7.20 percent and the beta ratio has a value of 2.50. Most recently Seagate Technology.
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STX has been the subject of several research analyst reports.
Apple Inc. (NASDAQ:AAPL) shares moved to $117.47 after starting the day at $118.00 on Tuesday. BMO Capital Markets restated a "market perform" rating on shares of Seagate Technology PLC in a research report on Wednesday, June 22nd.
Receive News & Ratings for Seagate Technology PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seagate Technology PLC and related companies with MarketBeat.com's FREE daily email newsletter. Following this rating scale, a score of 1 would represent a Strong Buy, and a score of 5 would indicate a Strong Sell. The company has 1 year Price Target of $37.39.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the last quarter reported its actual EPS of $0.43/share where the analyst estimated EPS was $0.41/share. The stock was sold at an average price of $32.45, for a total transaction of $40,594.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mark Re sold 3,082 shares of the company's stock in a transaction that occurred on Tuesday, August 9th. They now have a United States dollars 50 price target on the stock. Canada Pension Plan Investment Board now owns 776,267 shares of the data storage provider's stock worth $18,910,000 after buying an additional 244,900 shares during the period. The disclosure for this sale can be found here. It offers a range of disk drive products for the enterprise, client compute and client non-compute market applications.