Economy

Seagate Technology PLC Sees Unusually Large Options Volume (STX)

The ROIC Quality of Seagate Technology plc (NasdaqGS:STX) is 4.251607. As per Thursday, October 8, the company rating was maintained by RBC Capital Markets. On October 2 the stock rating was upgraded to "Buy" from "Hold" in an announcement from Craig-Hallum. MORTON DAVID H JR sold $131,510 worth of Seagate Technology PLC (NASDAQ:STX) on Friday, June 9. Mascoma Wealth Management LLC bought a new stake in shares of Seagate Technology PLC during the fourth quarter valued at about $120,000. Share performance for the month is now at 4.48%. Susquehanna Ltd Liability Partnership holds 0.01% of its portfolio in Seagate Technology PLC (NASDAQ:STX) for 502,301 shares. Finally, Sii Investments Inc.

Seagate Technology PLC (NASDAQ:STX) last posted its quarterly earnings data on Wednesday, April 26th. 3555643 shares were traded on Seagate Technology.'s last session. Institutional investors and hedge funds own 90.00% of the company's stock.

Several equities research analysts recently weighed in on STX shares. The Ontario - Canada-based Royal Bank & Trust Of Canada has invested 0.02% in Seagate Technology PLC (NASDAQ:STX). On September 11 the stock rating was downgraded to "Hold" from "Buy" and a price target of $29.00 was set in a report from Jefferies.

08/23/2017 - Seagate Technology. was downgraded to "underperform" by analysts at Cleveland Research. The company was maintained on Wednesday, July 26 by BMO Capital Markets.

07/26/2017 - Seagate Technology. had its "equal-weight" rating reiterated by analysts at Morgan Stanley. Looking at a shorter time period, shares have been seen -5.41% away from the 50 day high and 2.83% off the 50 day low price. Four research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. If you are reading this story on another publication, it was stolen and republished in violation of United States and worldwide copyright & trademark legislation. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2017/10/08/seagate-technology-plc-stx-stake-raised-by-cornerstone-capital-management-holdings-llc.html.

In related news, insider Philip G. Brace bought 1,000 shares of the company's stock in a transaction on Tuesday, August 1st.

Before trading, trader, investor or shareholder must have an eye on stock's historical performance. During last 3 month period, 2.27% of total institutional ownership has changed in the company shares. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company's stock.

There has been some selling insider activity on Seagate Technology PLC - Ordina (NASDAQ:STX) recently.

Seagate Technology plc (STX) closed -15.73% below its 200-day moving average and is 4.87% above another chart threshold, its 50-day moving average. The stock has a market cap of $9.73 billion, a P/E ratio of 13.10 and a beta of 1.72.

Seagate Technology PLC STX has PE ratio of 13.22 with a one year low of $30.60 and a one year high of $50.96 and has a market capitalization of $0.

Analysts await Seagate Technology PLC (NASDAQ:STX) to report earnings on October, 18.

Now, the FactSet Research estimate calls for Q1 2018 earnings of US$0.85. 7,500 Seagate Technology PLC (NASDAQ:STX) shares with value of $319,350 were sold by MASSARONI KENNETH M. Revenue, on the other hand, scored 3.43% growth from the previous quarter, coming up with $2.34 billion. The company's quarterly revenue was up 3.0% compared to the same quarter a year ago. The current consensus recommendation provided by covering analysts is 3.10. Stockholders of record on Wednesday, September 20th were given a dividend of $0.63 per share.

Baker Hughes, a GE company (BHGE) remained successful in beating the consensus-estimated -$0.12 as it actually earned -$0.11 per share in its last reported financial results. Year-to-date it plunged -19.4%. Seagate Technology PLC's payout ratio is presently 147.37%.

The Company also provides data storage services for businesses, including online backup, data protection and recovery solutions. More interesting news about Seagate Technology PLC (NASDAQ:STX) were released by: Businesswire.com and their article: "Seagate Expands Guardian Series Portfolio With 12TB Drives for NAS and Desktop ..." published on October 05, 2017 as well as Nasdaq.com's news article titled: "Seagate (STX) Launches 12TB Guardian Series Hard Drive Disks" with publication date: October 06, 2017. In addition to HDDs, the Company produces a range of electronic data storage products, including solid state hybrid drives (SSHDs), solid state drives (SSDs), peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers.



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