Seagate Technology (STX) Getting Somewhat Positive Press Coverage, Report Shows

News headlines about Seagate Technology (NASDAQ:STX) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Seagate Technology earned a news impact score of 0.17 on Accern’s scale. Accern also gave news stories about the data storage provider an impact score of 46.3090957879866 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern’s rankings:

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NASDAQ STX traded down $1.63 during trading hours on Friday, hitting $56.62. 3,101,031 shares of the company’s stock were exchanged, compared to its average volume of 4,166,017. Seagate Technology has a 1-year low of $30.60 and a 1-year high of $61.19. The stock has a market capitalization of $16,126.90, a P/E ratio of 13.74, a P/E/G ratio of 0.75 and a beta of 1.68. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.58 and a quick ratio of 1.25.

Seagate Technology (NASDAQ:STX) last released its earnings results on Monday, January 29th. The data storage provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.39 by $0.09. Seagate Technology had a return on equity of 93.35% and a net margin of 6.10%. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter last year, the firm posted $1.38 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. equities analysts expect that Seagate Technology will post 4.87 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 4th. Investors of record on Wednesday, March 21st were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Tuesday, March 20th. This represents a $2.52 annualized dividend and a yield of 4.45%. Seagate Technology’s dividend payout ratio is currently 61.17%.

A number of equities analysts have issued reports on STX shares. Zacks Investment Research raised Seagate Technology from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Friday, January 5th. TheStreet raised Seagate Technology from a “c+” rating to a “b-” rating in a report on Tuesday, January 9th. Vetr cut Seagate Technology from a “buy” rating to a “hold” rating and set a $56.12 target price for the company. in a report on Thursday, March 1st. Wells Fargo reaffirmed a “market perform” rating and issued a $45.00 target price (up previously from $38.00) on shares of Seagate Technology in a report on Tuesday, January 9th. Finally, Cross Research raised Seagate Technology from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. Four research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $52.28.

In other Seagate Technology news, insider Philip G. Brace sold 12,000 shares of the stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $46.44, for a total value of $557,280.00. Following the transaction, the insider now owns 27,069 shares in the company, valued at $1,257,084.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephen J. Luczo sold 5,380 shares of the stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $60.00, for a total value of $322,800.00. The disclosure for this sale can be found here. Insiders have sold 815,428 shares of company stock valued at $43,782,101 in the last ninety days. 0.87% of the stock is currently owned by insiders.

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Seagate Technology Company Profile

Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The company manufactures and distributes hard disk drives, solid state drives and their related controllers, solid state hybrid drives, and storage subsystems. Its products are used in enterprise servers and storage systems applications; client compute applications, primarily for desktop and mobile computing; and client non-compute applications, including various end user devices, such as portable external storage systems, surveillance systems, network-attached storage, digital video recorders, and gaming consoles.

Insider Buying and Selling by Quarter for Seagate Technology (NASDAQ:STX)

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