216.25% to Target, S&P Research Maintains “Strong Buy” Rating for Seagate Technology PLC (NASDAQ:STX) Stock

Seagate Technology PLC (NASDAQ:STX) Rating Reconfirmed

The broker have set price target of $153.00 on Seagate Technology PLC (NASDAQ:STX) shares. This is 216.25% from the current stock price. In an analyst report made public on Thursday, 8 October, S&P Research reiterated their “Strong Buy” rating on shares of STX.

NASDAQ:STX is at the moment trading 2.18% higher at $48.32 as of 15:42 New York time. Seagate Technology PLC’s stock is down -30.24% in the last 200 days. It has underperformed the S&P 500, which has declined -3.61% in the same time period.

According to data compiled by Thomson Reuters, Seagate Technology PLC (NASDAQ:STX)’s stock is covered by 19 equity analysts across the Street, with 4 analysts giving it a Sell rating, 12 a Buy rating, while 10 consider it a Hold. The 12-month consensus target price for the stock is $54.95, which reflects an upside potential of 13.72% over the current price.

STX Stock Chart

Institutional Ownership

Parametrica Management Ltd had the largest stake with ownership of 4,934 shares as of q2 2015 for 9.38% of the stock exposure. Trinity Street Asset Management Llp is another very bullish fund who is possessing 982,125 shares of Seagate Technology PLC or 8.67% of their stock exposure. In addition, Hurley Capital Llc have 6.24% of their stock exposure invested in the company for 108,293 shares. The New York-based fund Moon Capital Management Lp revealed it had acquired a stake worth about 5.57% of the fund’s stock portfolio in Seagate Technology PLC. The New York-based fund Karamaan Group Llc is also positive about the stock, possessing 209,416 shares or 5.56% of their stock exposure.

Insider Activity

Over the last 6 months, Seagate Technology PLC NASDAQ:STX has seen 0 insider buying transactions, and 11 insider selling transactions. The net result was for 11 transactions, worth $14.66 million.

Seagate Technology PLC (NASDAQ:STX) Profile

Seagate Technology plc (Seagate) is a provider of electronic data storage products. The Company’s products are hard disk drives (HDD). The Company produces a range of electronic data storage products, including solid state hybrid drives (SSHD), solid state drives (SSD), peripheral component interconnect express (PCIe) cards and Serial AT Attachment (SATA) controllers.

Seagate Technology PLC (NASDAQ:STX) traded up 2.18% on 8 October, hitting $48.32. A total of 2.11 million shares of the company’s stock traded hands. This is down from average of 4.57 million shares. Seagate Technology PLC has a 52 week low of $41.58 and a 52 week high of $69.4. The company has a market cap of $14.15 billion and a P/E ratio of 9.26.

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