Media headlines about Seagate Technology (NASDAQ:STX) have been trending somewhat positive on Thursday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Seagate Technology earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned media coverage about the data storage provider an impact score of 45.8187273000482 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Seagate to Demonstrate Advanced Technology at OCP Summit 2018 to Support Accelerated Hyperscale Demand and … – CSO Australia (cso.com.au)
- Seagate Technology plc (NASDAQ:STX) – Notable Indicators to Study Before Making Any Investment Decision – Nasdaq Journal (nasdaqjournal.com)
- Seagate to Demonstrate Advanced Technology at OCP Summit 2018 to Support Accelerated Hyperscale Demand and Data Growth (finance.yahoo.com)
- Seagate Technology plc (STX) stock price is showing notable positive signal for long-term investors on basis of 200 … – Analyst Recommendation (press release) (blog) (analystrecommendation.com)
- Seagate Technology plc (STX) stock price is 14.91% up to an average price of last 50 Days – The Stocks News (press release) (thestocksnews.com)
Shares of Seagate Technology stock traded down $0.60 on Thursday, hitting $59.30. The stock had a trading volume of 2,143,155 shares, compared to its average volume of 5,022,478. Seagate Technology has a 52 week low of $30.60 and a 52 week high of $61.19. 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 company has a market capitalization of $17,064.01, a P/E ratio of 26.72, a price-to-earnings-growth ratio of 0.79 and a beta of 1.84.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 21st will be issued a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $2.52 dividend on an annualized basis and a yield of 4.25%. Seagate Technology’s payout ratio is currently 114.55%.
Several research firms recently weighed in on STX. Zacks Investment Research lowered Seagate Technology from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Vetr lowered Seagate Technology from a “strong-buy” rating to a “buy” rating and set a $56.12 price objective on the stock. in a research note on Wednesday, February 14th. Loop Capital raised their price objective on Seagate Technology from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday. Maxim Group reaffirmed a “hold” rating and issued a $44.00 price objective (up from $43.00) on shares of Seagate Technology in a research note on Tuesday, January 9th. Finally, BTIG Research raised their price objective on Seagate Technology to $63.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $50.80.
In other Seagate Technology news, insider Philip G. Brace sold 5,000 shares of Seagate Technology stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $48.40, for a total value of $242,000.00. Following the completion of the sale, the insider now directly owns 16,069 shares in the company, valued at $777,739.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Philip G. Brace sold 12,000 shares of Seagate Technology 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 completion of the sale, the insider now owns 27,069 shares of the company’s stock, valued at $1,257,084.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 810,048 shares of company stock valued at $43,459,301. 0.87% of the stock is currently owned by corporate 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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