Seagate Technology plc (NASDAQ:STX) - Hot Mover of the Day

Winslow Evans Crocker reported 0.03% of its portfolio in Seagate Technology plc (NASDAQ:STX). The stock of Seagate Technology plc (NASDAQ:STX) has "Sector Perform" rating given on Monday, May 2 by RBC Capital Markets. Brean Capital maintained the shares of STX in report on Wednesday, October 12 with "Buy" rating. BidaskClub raised Seagate Technology from a buy rating to a strong-buy rating in a report on Friday, December 8th. The stock has a consensus rating of Hold and an average price target of $43.39. BMO Capital Markets reissued a hold rating and issued a $40.00 price target on shares of Seagate Technology in a report on Monday, October 23rd. Maxim Group reiterated a hold rating and issued a $44.00 target price (up previously from $43.00) on shares of Seagate Technology in a research note on Tuesday. This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. The stock was trading at a distance of -3.84% from its 52-week highs and stands 60.15% away from its 52-week lows.

Shares of Seagate Technology (NASDAQ STX) traded up $2.28 during trading hours on Tuesday, reaching $51.29. The company's stock had a trading volume of 6,246,500 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.

Over the past 50 days, Seagate Technology plc stock's -1.40% off of the high and 35.86% removed from the low. Finally, JPMorgan Chase & Co. grew its stake in shares of Seagate Technology by 74.4% during the 2nd quarter. With an institutional ownership near 0%, it carries an earnings per share ratio of 1.64. Seagate Technology's revenue was down 5.9% compared to the same quarter previous year. Scotia has invested 0.01% in Seagate Technology plc (NASDAQ:STX). The firm's quarterly revenue was down 5.9% compared to the same quarter a year ago.

Seagate Technology plc (NASDAQ:STX) reported its EPS in the last quarter as $0.96/Share beating the analyst estimate of $0.86/Share by a difference of $0.1.

Short-term as well long term shareholders always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 2.00 as current ratio and on the opponent side the debt to equity ratio was 0.00 and long-term debt to equity ratio also remained 4.03. This represents a $2.52 annualized dividend and a yield of 5.14%. The ex-dividend date was Tuesday, December 19th. $339,965 worth of Seagate Technology plc (NASDAQ:STX) was sold by Moyo Dambisa F on Tuesday, October 24. TheStreet upgraded shares of Seagate Technology from a "c+" rating to a "b-" rating in a research note on Tuesday. Following the completion of the transaction, the chairman now directly owns 95,420 shares in the company, valued at $4,674,625.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The stock was sold at an average price of $48.78, for a total transaction of $1,964,029.14. Disciplined Growth Investors Mn invested in 2.43 million shares or 1.69% of the stock. The disclosure for this purchase can be found here.

The company had seen its current volume reaching at 4.04 million shares in the last trade.

Institutional investors and hedge funds have recently made changes to their positions in the business. WFG Advisors LP grew its holdings in shares of Seagate Technology by 16,536.4% in the second quarter. ValueAct Holdings L.P. now owns 21,458,600 shares of the data storage provider's stock valued at $711,782,000 after buying an additional 7,642,835 shares in the last quarter. Wright reported 0.07% in Seagate Technology plc (NASDAQ:STX). Janus Henderson Group PLC now owns 2,700,947 shares of the data storage provider's stock valued at $104,662,000 after buying an additional 2,664,861 shares in the last quarter. The New York-based Brown Brothers Harriman has invested 0% in Seagate Technology plc (NASDAQ:STX). Balentine LLC now owns 4,471 shares of the data storage provider's stock worth $148,000 after purchasing an additional 1,619 shares during the last quarter. It turned negative, as 73 investors sold Seagate Technology plc shares while 163 reduced holdings. SpiderRock Advisors LLC now owns 5,568 shares of the data storage provider's stock valued at $184,000 after purchasing an additional 5,347 shares during the last quarter. Moreover, Mirae Asset Glob Invs Communication Limited has 0.01% invested in Seagate Technology plc (NASDAQ:STX). Principal Financial Group Inc. now owns 433,923 shares of the data storage provider's stock valued at $16,815,000 after purchasing an additional 16,388 shares during the period.

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Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally.

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