Major Analyst Actions Under Review: Seagate Technology plc (STX), TechnipFMC plc (FTI)

Friday, 02 Feb, 2018

Ropes Wealth Advisors LLC now owns 6,572 shares of the data storage provider's stock valued at $255,000 after buying an additional 270 shares during the period.

Several institutional investors have recently made changes to their positions in STX. PNC Financial Services Group Inc. lifted its stake in Seagate Technology by 2.6% during the second quarter. L & S Advisors Inc now owns 19,412 shares of the data storage provider's stock worth $752,000 after purchasing an additional 100 shares during the period. With 376,500 avg volume, 0 days are for WORLDS INCORPORATED (OTCMKTS:WDDD)'s short sellers to cover WDDD's short positions. SpiderRock Advisors LLC lifted its holdings in Seagate Technology by 2,419.5% in the 3rd quarter. About 2.49 million shares traded. Ameritas Inv Partners owns 12,058 shares. Hedge funds and other institutional investors own 91.51% of the company's stock. Disciplined Growth Mn stated it has 1.69% of its portfolio in Seagate Technology plc (NASDAQ:STX). Its 52-week high and low range is $56.45 and $30.6, respectively. According to the Analysts, the Low Estimate Earnings of the current Quarter is $1 whereas, High Estimate is $1.16.

NMI Holdings, Inc. (NASDAQ:NMIH)'s earnings per share has been growing at a 117.2 percent rate over the past 5 year when average revenue increase was noted as 0 percent. Seagate Technology had a return on equity of 93.35% and a net margin of 6.10%. During the same period last year, the firm earned $1.38 earnings per share. sell-side analysts anticipate that Seagate Technology PLC will post 4.68 EPS for the current fiscal year. Guggenheim upgraded American Express Company (NYSE:AXP) rating on Wednesday, April 26. This represents a $2.52 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date is Tuesday, March 20th. Seagate Technology's dividend payout ratio (DPR) is 114.55%.

In other Seagate Technology news, Director Chong Sup Park sold 4,026 shares of Seagate Technology stock in a transaction on Tuesday, January 30th.

They hope that the stock price will fall or that the company will fail and go bankrupt, leading the equity holders to ruin. The company has its outstanding shares of 290 Million. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

In other Seagate Technology news, insider Stephen J. Luczo sold 341,738 shares of the business's stock in a transaction on Wednesday, January 31st.

New traders may face many challenges when entering the stock market. The disclosure for this sale can be found here. Insiders have sold a total of 784,797 shares of company stock worth $41,694,333 over the last 90 days.

A number of research analysts have commented on the stock. Mizuho reissued a "hold" rating and set a $36.00 price objective on shares of Seagate Technology in a report on Monday, October 9th. This consensus broker rating may help shed some light on how the sell-side is now viewing company stock. First Eagle Investment Management Llc sold 150,000 shares as Seagate Technology Plc (STX)'s stock declined 9.82%.

The stock of Seagate Tech Ireland (NASDAQ:STX) registered a decrease of 0.7% in short interest. Following this scale, a rating of a 1 or a 2 would indicate a consensus Buy recommendation. FBN Securities raised their price target on Seagate Technology to $60.00 and gave the stock a sector perform rating in a research note on Monday. If you are viewing this article on another website, it was copied illegally and republished in violation of USA & global trademark & copyright laws. If you are viewing this article on another website, it was stolen and republished in violation of USA & worldwide copyright & trademark legislation.

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.

Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The Company's products are used in enterprise servers and storage systems applications; client compute applications, primarily for desktop and mobile computing; and client non-compute applications, including various end user devices, such as portable external storage systems, surveillance systems, network-attached storage, digital video recorders, and gaming consoles.