ValueAct buys stake in Seagate Technology

ValueAct buys stake in Seagate Technology

ValueAct buys stake in Seagate Technology

The firm has price volatility of 2.53% for a week and 2.60% for a month. The letter urges HHS and FDA to grant an EUA under their applicable authorities to make the Oxitec technology "right away available in any Florida area where Zika is being transmitted or likely to be transmitted", and it also notes that this authority has been used ten times to make Zika diagnostic tests publicly available. Now shares have been rated as "Buy" from "0" brokerage firms and "3" brokerage firms say as "Strong Buy". In the transaction, Seagate Technology and ValueAct Capital will buy 12.5 million ordinary and existing shares, $9.5 million of which will be bought buy ValueAct Capital.

Friday bloom on Seagate Technology plc (NASDAQ:STX) [Trend Analysis], stock moved down around -0.55% in early session as its gaining volume of 4.74 Million. Following the completion of the transaction, the director now owns 6,433 shares in the company, valued at $208,750.85. Finally, Traynor Capital Management Inc. purchased a new position in shares of Seagate Technology PLC during the second quarter worth approximately $351,000.

07/12/2016 - Seagate Technology. was upgraded to "equal weight" by analysts at Morgan Stanley. The company's management has announced Sep 19, 2016 as the ex-dividend date and fixed the record date on Sep 21, 2016. RBC Capital Markets increased their price objective on shares of Seagate Technology PLC from $31.00 to $34.00 and gave the stock a sector perform rating in a research report on Wednesday, August 31st.

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Seagate Technology plc's P/E ratio now stands at 44.31, while the P/S ratio is at 0.97 and the potential growth rate of earnings per share this year is at -84.40%.

Seagate Technology announced a block trade transaction of around $12.5 million, which is expected to close by the end of this month. The shares were sold at an average price of $31.84, for a total transaction of $405,960.00. The disclosure for this sale can be found here.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $34.588 on the stock. This represents a $2.52 annualized dividend and a yield of 7.43%. Seagate Technology. opened at $36.48 and closed at $36.31 in its last trading session reaching a trade volume of 4738335.

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Taking the mathematical rating formula, the price for Seagate Technology. At present, 2 analysts recommended Selling these shares while 22 recommended Hold, according to FactSet data. Analysts predict that Seagate Technology PLC will post $2.98 EPS for the current year.

Analysts, on average, forecast Seagate Technology plc to earn $0.85 per share (EPS) on revenue of $2.72B. The Companys products are hard disk drives (HDD). In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers.

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