Press coverage about Seagate Technology (NASDAQ:STX) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Seagate Technology earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media stories about the data storage provider an impact score of 45.6540526468957 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Stock Picks: STX and RRC (hacked.com)
- These Are Western Digital’s Key Growth Drivers in Fiscal 2018 (finance.yahoo.com)
- After Mario Draghi's QE high wire act, traders focus on Trump's tariff signing today (finance.yahoo.com)
- Don’t Buy Bitcoin, But Consider Nvidia and Seagate Technology (finance.yahoo.com)
- At $58.88, Is Seagate Technology plc (NASDAQ:STX) A Buy? (finance.yahoo.com)
Shares of Seagate Technology (STX) opened at $59.68 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.58 and a debt-to-equity ratio of 4.07. The stock has a market cap of $17,149.46, a P/E ratio of 27.13, a PEG ratio of 0.79 and a beta of 1.84. Seagate Technology has a 52-week low of $30.60 and a 52-week high of $61.19.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 21st will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Tuesday, March 20th. Seagate Technology’s dividend payout ratio (DPR) is 114.55%.
STX has been the subject of several research reports. TheStreet upgraded shares of Seagate Technology from a “c+” rating to a “b-” rating in a research report on Tuesday, January 9th. Loop Capital restated a “buy” rating and set a $55.00 price objective on shares of Seagate Technology in a research report on Tuesday, January 9th. They noted that the move was a valuation call. BidaskClub lowered shares of Seagate Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. ValuEngine upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Vetr cut shares of Seagate Technology from a “strong-buy” rating to a “buy” rating and set a $45.46 target price for the company. in a report on Tuesday, December 12th. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Seagate Technology currently has an average rating of “Hold” and a consensus target price of $50.60.
In related news, insider Stephen J. Luczo sold 341,738 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $55.00, for a total transaction of $18,795,590.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Stephen J. Luczo sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $48.99, for a total transaction of $4,899,000.00. Following the transaction, the chairman now directly owns 95,420 shares in the company, valued at approximately $4,674,625.80. The disclosure for this sale can be found here. Insiders sold 810,048 shares of company stock valued at $43,459,301 over the last three months. 0.87% of the stock is owned by insiders.
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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