The stock of Seagate Technology Holdings plc (NASDAQ:STX – Get Free Report) has been assigned a consensus rating of “Hold” by 19 rating agencies that cover the stock, Marketbeat reports. Two equity research analysts have rated the company's stock as a “sell,” nine have rated it a “hold,” and eight have rated it a “buy.” Analysts who updated their coverage of the stock in the last year have an average 12-month price target of $84.17.
Multiple securities companies are paying attention to STX. Morgan Stanley upgraded Seagate Technology from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $73.00 to $115.00 in a report on Tuesday, March 26th. Evercore ISI began coverage on Seagate Technology in a report on Tuesday, February 27th. They gave the company an “outperform” rating and set a price target of $110.00. Rosenblatt Securities upped their target price on Seagate Technology from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. StockNews.com upgraded shares of Seagate Technology from a “sell” rating to a “hold” rating in a research note on Monday, December 4th. Finally, Robert W. Baird increased their target price on shares of Seagate Technology from $70.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th.
Check out the latest stock report on Seagate Technology.
Inflow and outflow of institutions
Several institutional investors have recently changed their stakes in the stock. Farmers & Merchants Trust, Inc., Chambersburg, Pennsylvania, purchased a new stake in Seagate Technologies during the 4th quarter valued at approximately $26,000. CVA Family Office LLC bought a new position in shares of Seagate Technology in the 4th quarter valued at approximately $27,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Seagate Technology during the 4th quarter valued at approximately $28,000. Parkside Financial Bank & Trust boosted its position in Seagate Technology by 85.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 445 shares of the data storage provider's stock valued at $29,000 after purchasing an additional 205 shares during the last quarter. Finally, Northwest Financial Advisors purchased a new stake in Seagate Technologies in the 4th quarter valued at approximately $31,000. Currently, 92.87% of the stock is held by institutional investors.
Seagate Technology Trading down 1.4%
Seagate Technology stock began trading at $91.78 on Tuesday. The company's market capitalization is $19.23 billion, P/E ratio is -26.22, price-to-earnings ratio is 3,845.04 times, and beta is 1.04 times. His 50 day simple moving average for this company is $89.60 and his 200 day simple moving average is $80.15. Seagate Technology has a 12-month low of $54.32 and a 12-month high of $101.26.
Seagate Technology (NASDAQ:STX – Get Free Report) last issued its earnings results on Wednesday, January 24th. The data storage provider reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.21) by $0.19. The company had revenue of $1.56 billion for the quarter, compared to analyst expectations of $1.56 billion. Analysts predict that Seagate Technology will post 0.02 EPS for the current fiscal year.
Seagate Technology Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st will receive a dividend of $0.70 per share. The ex-dividend date is Wednesday, March 20th. This equates to an annualized dividend of $2.80 and a dividend yield of 3.05%. Seagate Technology's dividend payout ratio (DPR) is currently -80.00%.
Seagate Technology Company Profile
(Get your free report
Seagate Technology Holdings plc provides data storage technologies and solutions in Singapore, the United States, the Netherlands, and internationally. We offer high-capacity storage products such as enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.
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