Press coverage about Seagate Technology (NASDAQ:STX) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Seagate Technology earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the data storage provider an impact score of 45.6540526468957 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Stocks under Analyst’ Radar: Seagate Technology plc (STX), Apache Corp – Theafricom (theafricom.com)
- Seagate Technology plc (STX) stock is 29.79% up to 200-SMA – The Stocks News (press release) (thestocksnews.com)
- Analysts Anticipate Seagate Technology PLC (STX) Will Announce Quarterly Sales of $2.74 Billion (americanbankingnews.com)
- Buy Signal Says Now’s the Time to Trade Seagate Technology Calls – Schaeffers Research (press release) (schaeffersresearch.com)
- Analysts Anticipate Seagate Technology PLC (STX) to Announce $1.24 EPS (americanbankingnews.com)
Seagate Technology (STX) traded down $0.10 during mid-day trading on Monday, hitting $51.42. The company had a trading volume of 2,619,807 shares, compared to its average volume of 5,960,000. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.58 and a quick ratio of 1.25. The company has a market capitalization of $14,880.00, a P/E ratio of 23.48, a P/E/G ratio of 0.68 and a beta of 1.88. Seagate Technology has a 12-month low of $30.60 and a 12-month high of $56.45.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 21st will be issued a $0.63 dividend. The ex-dividend date is Tuesday, March 20th. This represents a $2.52 annualized dividend and a dividend yield of 4.90%. Seagate Technology’s payout ratio is currently 115.07%.
Several research analysts have commented on STX shares. Zacks Investment Research raised shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Thursday, October 26th. BidaskClub raised shares of Seagate Technology from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 25th. TheStreet raised shares of Seagate Technology from a “c+” rating to a “b-” rating in a research note on Tuesday, January 9th. Morgan Stanley lifted their price objective on shares of Seagate Technology from $32.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 24th. Finally, Vetr lowered shares of Seagate Technology from a “strong-buy” rating to a “buy” rating and set a $41.39 price objective for the company. in a research note on Tuesday, October 31st. Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.76.
In related news, insider Stephen J. Luczo sold 341,738 shares of Seagate Technology stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $55.00, for a total value of $18,795,590.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Chong Sup Park sold 4,026 shares of Seagate Technology stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $54.22, for a total value of $218,289.72. Following the completion of the sale, the director now owns 8,715 shares of the company’s stock, valued at $472,527.30. The disclosure for this sale can be found here. Insiders sold 779,394 shares of company stock valued at $41,495,557 over the last 90 days. 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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