Seagate Technology plc (NASDAQ: STX) - Lookout for Relative Strength Index

Maricruz Casares
Enero 13, 2018

With an institutional ownership near 0%, it carries an earnings per share ratio of 1.64. The rating was maintained by RBC Capital Markets with "Hold" on Tuesday, July 25. KeyCorp also issued estimates for Seagate Technology's Q3 2019 earnings at $1.17 EPS and FY2019 earnings at $4.72 EPS. MORTON DAVID H JR also sold $1.96 million worth of Seagate Technology plc (NASDAQ:STX) shares. After $0.12 actual EPS reported by EQT Corporation for the previous quarter, Wall Street now forecasts 150.00% EPS growth. Seagate Technology had a net margin of 7.41% and a return on equity of 84.50%. The firm had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.82 billion. During the same period in the prior year, the business earned $0.82 EPS. (TSX:CKE). Currently, the Earnings to Price (Yield) is 0.213732, Earnings Yield is -0.040512, and Earnings Yield 5 year average is -1.487549.

Let's take a look at how the stock has been performing recently.

Seagate Technology plc (NASDAQ:STX) gross margin percentage stands at 29.3% while its operating margin for the past trailing twelve month is 10.2 percent and its overall profit margin (ttm) is 7.4 Percent. Guggenheim reissued a hold rating on shares of Seagate Technology in a report on Monday, October 23rd. The stock touched its 52-Week High on Obsolete and 52-Week Low on Obsolete. Craig Hallum reaffirmed a "buy" rating and set a $56.00 price target (up from $50.00) on shares of Seagate Technology in a report on Tuesday. Four equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Seagate Technology presently has an average rating of Hold and a consensus target price of $43.39. About 1.93 million shares traded.

Seagate Technology PLC (NASDAQ:STX) traded down 1.47% during trading on Monday, reaching $45.61. The firm has a market capitalization of $14,890.00, a P/E ratio of 18.56, a PEG ratio of 0.57 and a beta of 1.68.

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Analysts await Seagate Technology plc (NASDAQ:STX) to report earnings on January, 23. Shareholders of record on Wednesday, December 20th were paid a $0.63 dividend. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is now sitting at 16. The ex-dividend date of this dividend is Monday, March 20th. Seagate Technology's dividend payout ratio (DPR) is now 95.45%. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The company has volume of 6.21 Million shares. STX's latest closing price was 25.79% away from the average price of 200 days while it maintained a distance of 21.60% from the 50 Day Moving Average and 14.24% away compared to its SMA 20. Seagate Technology PLC has a 12 month low of $18.42 and a 12 month high of $46.68. The disclosure for this purchase can be found here. Insiders sold 194,744 shares of company stock valued at $9,075,320 over the last three months. After a recent check, it is observed that the insiders for the firm now own 0.20% shares.

A number of large investors have recently added to or reduced their stakes in STX. It also increased its holding in Alphabet Inc by 407 shares in the quarter, for a total of 1,764 shares, and has risen its stake in Bancfirst Corp (NASDAQ:BANF). ValueAct Holdings L.P. now owns 21,458,600 shares of the data storage provider's stock worth $711,782,000 after purchasing an additional 7,642,835 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in Seagate Technology by 32.7% during the second quarter. The data storage provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $0.30. Vanguard Group Inc. grew its stake in shares of Seagate Technology by 7.4% during the 2nd quarter. Bank of New York Mellon Corp grew its stake in shares of Seagate Technology by 39.4% during the 3rd quarter. Janus Henderson Group PLC now owns 2,700,947 shares of the data storage provider's stock worth $104,662,000 after purchasing an additional 2,664,861 shares during the period. Finally, New England Research & Management Inc. bought a new position in shares of Seagate Technology in the fourth quarter worth about $205,000. The company's institutional ownership is monitored at 95.3 percent.

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Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The Company's products include HEATSAVR, a chemical product for use in swimming pools and spas that forms a thin and transparent layer on the waterÂ's surface; ECOSAVR, a disposable dispenser designed for the residential pool and spa market; and WATERSAVR to reduce water evaporation in reservoirs, potable water storage tanks, livestock watering ponds, aqueducts, canals, and irrigation ditches, as well as for lawn and turf care, and potted and bedding plants.

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