Seagate Technology's (STX) Buy Rating Reiterated at Craig Hallum

Wells Fargo & Co now has a $45.00 price target on the data storage provider's stock, up from their prior price target of $38.00. WYG Plc had 21 analyst reports since August 13, 2015 according to SRatingsIntel. Cowen & Co maintained it with "Market Perform" rating and $46 target in Wednesday, January 25 report. Craig Hallum reiterated a "buy" rating and issued a $56.00 price target (up previously from $50.00) on shares of Seagate Technology in a research note on Tuesday. Benchmark upgraded Seagate Technology plc (NASDAQ:STX) rating on Tuesday, October 11. TheStreet upgraded shares of Seagate Technology from a "c+" rating to a "b-" rating in a research note on Tuesday. Wall Street experts also assign a $40.18 price target on Seagate Technology plc, pointing towards a -18.02% drop from current levels.

Analysts have given a mean recommendation of 3.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The average twelve-month price target among brokers that have issued a report on the stock in the previous year is $43.15.

Seagate Technology (STX) traded up $1.94 on Tuesday, reaching $49.01. The company had a trading volume of 5,979,786 shares, compared to its average volume of 6,919,800. The company has a debt-to-equity ratio of 4.03, a current ratio of 1.96 and a quick ratio of 1.55. The stock has a market capitalization of $14,830.00, a P/E ratio of 19.42, a PEG ratio of 0.57 and a beta of 1.68. Seagate Technology has a 1 year low of $30.60 and a 1 year high of $51.88.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Monday, October 23rd. The data storage provider reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.86 by $0.10. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. Seagate Technology had a return on equity of 84.50% and a net margin of 7.41%. For the past 5 years, the company's revenue has grown 5.6%, while the company's earnings per share has grown -14.1%.

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The Stock now has Analyst' mean Recommendation of 3.1 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell. Stockholders of record on Wednesday, December 20th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date of this dividend was Tuesday, December 19th. Seagate Technology's dividend payout ratio is now 95.45%. It worsened, as 48 investors sold Monday shares while 342 reduced holdings. Hedge funds and other institutional investors own 91.32% of the company's stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey D. Nygaard acquired 5,000 shares of the business's stock in a transaction dated Friday, October 27th. The stock is now moving above its 20-Day Simple Moving Average of 14.24% with a 50-Day Simple Moving Average of 21.6 percent. Gilman Hill Asset Management Llc bought 129,132 shares as the company's stock declined 9.82% while stock markets rallied. The disclosure for this purchase can be found here. Ray Gerald L & Associates Ltd sold 3,350 shares as the company's stock rose 6.51% with the market. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company.

A number of institutional investors have recently added to or reduced their stakes in the stock. Windward Capital Management Co. Municipal Employees Retirement System of MI now owns 9,440 shares of the data storage provider's stock worth $364,000 after buying an additional 50 shares during the period. Vanguard Group Inc. grew its stake in shares of Seagate Technology by 7.4% during the 2nd quarter. WFG Advisors LP lifted its position in Seagate Technology by 16,536.4% during the second quarter. Polianta Ltd increased its holdings in Seagate Technology by 32.6% in the 4th quarter. WFG Advisors LP now owns 3,660 shares of the data storage provider's stock valued at $142,000 after purchasing an additional 3,638 shares during the last quarter.

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Seagate Technology public limited company is a provider of electronic data storage technology and solutions. 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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