Seagate Technology Plc (STX) Files Form 4 Insider Selling : David H Jr Morton Sells 8,038 Shares

Seagate Technology Plc (STX): David H Jr Morton , Chief Financial Officer & EVP of Seagate Technology Plc sold 8,038 shares on Jun 6, 2016. The Insider selling transaction was reported by the company on Jun 7, 2016 to the Securities and Exchange Commission. The shares were sold at $23.79 per share for a total value of $191,208.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 9, 2016, Frank Biondi (director) sold 12,919 shares at $18.98 per share price.On May 3, 2016, Stephen J Luczo (CEO) purchased 200,000 shares at $20.08 per share price.Also, On Feb 18, 2016, Edward J Zander (director) sold 28,200 shares at $31.83 per share price.On Feb 2, 2016, Philip G Brace (President, CSES) purchased 5,000 shares at $29.10 per share price.

Shares of Seagate Technology PLC (STX) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.11 points or -0.46% at $23.64 with 77,02,280 shares getting traded. Post opening the session at $23.68, the shares hit an intraday low of $23.32 and an intraday high of $23.9 and the price vacillated in this range throughout the day. The company has a market cap of $7,056 M and the number of outstanding shares has been calculated to be 29,84,83,730 shares. The 52-week high of Seagate Technology PLC is $56.12 and the 52-week low is $18.4201.

Seagate Technology PLC Money Flow Index Chart

Company has been under the radar of several Street Analysts.Seagate Technology PLC is Downgraded by JP Morgan to Underweight. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 2, 2016.Seagate Technology PLC is Downgraded by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 24 from a previous price target of $36 . Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on May 2, 2016.Seagate Technology PLC is Reiterated by Maxim Group to Hold while Lowering the Price Target of the company shares to $ 25 from a previous price target of $36 . The Rating was issued on May 2, 2016.Seagate Technology PLC is Reiterated by Needham to Buy while Lowering the Price Target of the company shares to $ 31 from a previous price target of $41 . The Rating was issued on May 2, 2016.Seagate Technology PLC is Reiterated by Cowen to Market Perform while Lowering the Price Target of the company shares to $ 23 from a previous price target of $35 . The Rating was issued on Apr 29, 2016.

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. The Company’s products are designed for enterprise servers and storage systems for applications client compute applications and client non-compute applications. The Company’s product and solution portfolio for the enterprise data storage industry includes storage enclosures integrated application platforms and high performance computing (HPC) data storage solutions. Its data storage services provide online backup data protection and recovery solutions for small to medium-sized businesses. Its products include Enterprise Performance HDDs Mobile HDDs and SSHDs NAS HDDs and Surveillance HDDs among others.

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