Seagate Technology Plc (STX) Files Form 4 Insider Selling : David H Jr Morton Sells 2,773 Shares

Seagate Technology Plc (STX): David H Jr Morton , EVP & CFO of Seagate Technology Plc sold 2,773 shares on Sep 13, 2016. The Insider selling transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were sold at $35.98 per share for a total value of $99,765.61 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 1, 2016, Mark Re (SVP & CTO) sold 5,800 shares at $33.58 per share price.On Aug 9, 2016, Frank Biondi (director) sold 1,251 shares at $32.45 per share price.Also, On Jun 7, 2016, David H Jr Morton (Chief Financial Officer & EVP) sold 8,038 shares at $23.79 per share price.On May 3, 2016, Stephen J Luczo (CEO) purchased 200,000 shares at $20.08 per share price.

Seagate Technology PLC: On Monday, Sep 12, 2016 heightened volatility was witnessed in Seagate Technology PLC which led to swings in the share price. The shares opened for trading at $35.83 and hit $36.705 on the upside , eventually ending the session at $36.55, with a gain of 1.27% or 0.46 points. The heightened volatility saw the trading volume jump to 6,149,656 shares. The 52-week high of the share price is $49.52 and the company has a market cap of $10,914 M . The 52-week low of the share price is at $18.4201.

Seagate Technology PLC Money Flow Index Chart

On Aug 2, 2016, Seagate Technology PLC announced a cash dividend of $0.6300. The company’s management has announced Sep 19, 2016 as the ex-dividend date and fixed the record date on Sep 21, 2016. The payable date has been fixed on Oct 5, 2016.

Company has been under the radar of several Street Analysts.Seagate Technology PLC is Reiterated by Craig Hallum to Buy and the brokerage firm has raised the Price Target to $ 50 from a previous price target of $37 .The Rating was issued on Sep 7, 2016.Seagate Technology PLC is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 34 from a previous price target of $31 .The Rating was issued on Aug 31, 2016.Seagate Technology PLC is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 34 from a previous price target of $25 .The Rating was issued on Aug 3, 2016.Seagate Technology PLC is Reiterated by Mizuho to Neutral and the brokerage firm has raised the Price Target to $ 31 from a previous price target of $23 .The Rating was issued on Aug 2, 2016.Seagate Technology PLC is Reiterated by Cowen to Market Perform and the brokerage firm has raised the Price Target to $ 32 from a previous price target of $26 .The Rating was issued on Aug 2, 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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