News articles about Seagate Technology (NASDAQ:STX) have trended positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Seagate Technology earned a news sentiment score of 0.29 on Accern’s scale. Accern also gave headlines about the data storage provider an impact score of 45.1015890007644 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Bluemountain Capital Management Has Upped Seagate Technology Plc (STX) Stake by $1.85 Million; Stock Value … – Hill Country Times (hillcountrytimes.com)
- Active Movers to Watch: Seagate Technology plc (STX) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Do Options Traders Know Something About Seagate (STX) Stock We Don't? (finance.yahoo.com)
- Seagate Technology plc (NASDAQ:STX) – P/E and PEG Value Under Consideration – Nasdaq Journal (press release) (nasdaqjournal.com)
- Seagate Technology plc (NASDAQ: STX) – Technical Indicators under Review – Alpha Beta Stock (alphabetastock.com)
Seagate Technology (STX) traded up $0.21 during mid-day trading on Friday, hitting $42.17. The stock had a trading volume of 1,713,079 shares, compared to its average volume of 4,456,120. The stock has a market cap of $12,139.81, a P/E ratio of 15.91, a P/E/G ratio of 0.56 and a beta of 1.67. Seagate Technology has a 52-week low of $30.60 and a 52-week high of $50.96. The company has a current ratio of 1.96, a quick ratio of 1.55 and a debt-to-equity ratio of 4.03.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 20th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $2.52 dividend on an annualized basis and a yield of 5.98%. Seagate Technology’s dividend payout ratio is currently 95.09%.
Several analysts have commented on the company. Vetr downgraded Seagate Technology from a “strong-buy” rating to a “buy” rating and set a $45.46 target price on the stock. in a research note on Tuesday, December 12th. BidaskClub upgraded Seagate Technology from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 8th. ValuEngine upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Wells Fargo & Co assumed coverage on Seagate Technology in a research note on Tuesday, November 14th. They set a “market perform” rating and a $38.00 target price on the stock. Finally, Zacks Investment Research downgraded Seagate Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Four analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.53.
In related news, insider Philip G. Brace sold 5,403 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $36.79, for a total value of $198,776.37. Following the transaction, the insider now directly owns 33,069 shares of the company’s stock, valued at approximately $1,216,608.51. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO David H. Morton, Jr. sold 7,909 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $40.00, for a total value of $316,360.00. Following the completion of the transaction, the chief financial officer now directly owns 25,561 shares in the company, valued at $1,022,440. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,481 shares of company stock worth $1,655,011. 0.87% of the stock is owned by insiders.
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About Seagate Technology
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.
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