Seagate Technology PLC (NASDAQ:STX) EVP James J. Murphy sold 76,393 shares of Seagate Technology stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $57.67, for a total transaction of $4,405,584.31. Following the completion of the transaction, the executive vice president now owns 128,377 shares of the company’s stock, valued at $7,403,501.59. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
STX opened at $58.79 on Friday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.58 and a quick ratio of 1.17. The firm has a market capitalization of $15.15 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 10.06 and a beta of 1.63. The company has a fifty day moving average price of $54.94 and a 200-day moving average price of $49.07. Seagate Technology PLC has a one year low of $35.38 and a one year high of $58.80.
Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Friday, November 1st. The data storage provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.03. The business had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.57 billion. Seagate Technology had a net margin of 17.66% and a return on equity of 61.26%. The firm’s revenue for the quarter was down 13.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.70 earnings per share. On average, analysts expect that Seagate Technology PLC will post 4.84 earnings per share for the current year.
A number of research analysts recently weighed in on STX shares. UBS Group lifted their price objective on shares of Seagate Technology from $38.00 to $41.00 and gave the company a “sell” rating in a research note on Monday, November 4th. Peel Hunt reiterated a “buy” rating on shares of Seagate Technology in a research note on Tuesday, October 22nd. Morgan Stanley set a $61.00 price objective on shares of Seagate Technology and gave the company a “buy” rating in a research note on Monday, November 4th. BidaskClub upgraded shares of Seagate Technology from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, FBN Securities lifted their price objective on shares of Seagate Technology from $55.00 to $60.00 in a research note on Thursday, September 19th. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Seagate Technology presently has an average rating of “Hold” and a consensus target price of $49.10.
About Seagate Technology
Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It manufactures and distributes hard disk drives; solid state drives (SSDs), including serial attached small computer system interface and non-volatile memory express SSDs; solid state hybrid drives; and storage subsystems.
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