Seagate Technology plc (NASDAQ:STX) registered a 1.37% increase, still its new closing price is 149.87% up from the company’s 1 year high of 46.68.It posted 22.02% gains in previous 5 sessions and is now the subject of 23 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 1 sells versus 6 buy or better ratings. The 34 stock analysts following this company have an average price target at $45.62, with individual PT in the $32.00-$56.00 range. The shares moved at $44.50, implying that brokerage firms see shares gaining about 81.13% in twelve months time.
Seagate Technology plc (STX) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 16.58% rise year to date. A SVP & CTO at Seagate Technology plc (STX) offloaded shares in a transaction closed on Friday November 18, 2016. RE MARK sold 11,000 shares in the company at $38.97 each and collected $428,001 in proceeds. RE MARK now owns 50,077 shares in the company after this transaction. A SVP and General Counsel in the company, MacPherson Regan J, disclosed a transaction on Wednesday November 16, 2016 that ended up generating $118,001 from the sale of 3,091 shares at $38.4 per share.
Seagate Technology plc (NASDAQ:STX) Upcoming Results on Tap
Seagate Technology plc will next provide financial results for the September 2017 quarter. Stock analysts expect it to report per-share earnings of $1.20 in that period. Sales during the quarter are predicted to arrive at $2.8 billion.
Earnings surprise history: Last quarter, the company posted approximately $2.9 billion in revenue and EPS of $1.38. The mean forecast was for $2.82 billion and $1.08 a share, respectively. One quarter earlier, revenue for the stock was at $2.8 billion, with earnings at $0.99/share.
Seagate Technology plc (STX) Brokerage Update
Seagate Technology plc (STX) is in Needham’s research list so their analyst rating change is noteworthy. These shares were upgraded to Strong Buy from Buy by Needham, according to news reported on Wednesday October 12, 2016.Another important research note was issued by The Benchmark Company on Tuesday October 11, 2016.The firm upgraded STX to Buy from Hold. Over the last six months and over the last three months, the shares of Seagate Technology plc (STX), have changed 41.18% and 29.82%, respectively.