Economy

Seagate Technology PLC - Ordina (NASDAQ:STX) is Overbought According to the RSI

Seagate Technology PLC - Ordina (NASDAQ:STX) is Overbought According to the RSI”

Argus reissued a "hold" rating and issued a $40.00 price objective on shares of Seagate Technology PLC in a research note on Tuesday.

Seagate Technology plc on 9/29/2017 reported its EPS as $1.38 with the analysts projecting the EPS of the stock as $1.08. Four research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, six have given a buy rating and three have issued a strong buy rating to the stock. Seagate Technology PLC now has an average rating of "Hold" and a consensus target price of $41.57. The company has market cap of $11.18 billion.

It is now trading at $39.39 which is significantly above $33.27, the stock's 50 day moving average and a tad above the 200 day moving average of $38.26. RBC Capital Markets' price target would suggest a potential upside of 3.76% from the stock's previous close.

Having a price of $38.85, Seagate Technology PLC STX (NYSE:STX) traded -1.30% lower on the day. The volume of the company in the last trading session was 12.12 Million. The stock's 50-day moving average is $34.81 and its 200-day moving average is $28.91.

The co's performance for 6 months was slashed of -9.81%, 1-year performance stands at 11.32% and year to date showing plunged performance of -0.05%.

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Many analysts have provided their estimated foresights on Seagate Technology plc Earnings, with 23 analysts believing the company would generate an Average Estimate of $1.1. The Return on Investment and Return on Equity (ROE) values are -7.3 percent and -43.3 percent, respectively.

Analysts are also projecting an Average Revenue Estimate for Seagate Technology plc as $2.7 Million in the Current Quarter.

Whereas they predicted High and Low Earnings Estimate as $1.31 and $0.94 respectively. Seagate Technology PLC's payout ratio is presently 95.09%.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Teachers Advisors LLC now owns 58,527 shares of the data storage provider's stock valued at $2,688,000 after buying an additional 2,099 shares during the last quarter. This represents a $2.52 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date of this dividend is Monday, September 19th. BidaskClub upgraded Seagate Technology PLC from a "buy" rating to a "strong-buy" rating in a report on Wednesday.

In other news, Director Dambisa F. Moyo sold 8,715 shares of the stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $39.01, for a total transaction of $339,972.15. A statistical measure of the dispersion of returns (volatility) for STX producing salvation in Investors mouth, it has week volatility of 4.11% and for the month booked as 2.61%. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The disclosure for this sale can be found here. Insider ownership decreased by a total of 67307 shares, which suggests that STX's key executives are feeling less optimistic about the outlook for the stock.

Want to see what other hedge funds are holding STX? Finally, LSV Asset Management grew its stake in shares of Seagate Technology PLC by 1.7% in the second quarter. Vanguard Group Inc. grew its stake in shares of Seagate Technology PLC by 7.4% in the second quarter.

Glenmede Trust Co. NA now owns 4,650 shares of the data storage provider's stock worth $113,000 after buying an additional 1,079 shares during the period. State Street Corp grew its stake in shares of Seagate Technology PLC by 3.4% in the first quarter. ValueAct Holdings L.P. lifted its position in shares of Seagate Technology PLC by 44.8% in the second quarter. LSV Asset Management lifted its position in shares of Seagate Technology PLC by 1.7% in the second quarter. Neuberger Berman Group LLC now owns 48,066 shares of the data storage provider's stock valued at $2,208,000 after purchasing an additional 5,131 shares in the last quarter.



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