Various events have impacted
Seagate Technology Holdings Plc's (STX) performance. While brokerages recommend a
'Hold', some experts indicate it's time to consider buying, as recent performance creates an intriguing buying opportunity and the Goldman Sachs labels it as the best hardware stock. However, insider trading seems frequent, with CEO William Mosley reportedly selling 20,000 shares. Major stakeholders are also making moves, such as Inlet Private Wealth, the Public Sector Pension Investment Board, and ClearBridge Investments, selling their shares. In contrast, other companies, like Strategic Wealth Partners and CCM Investment Advisers, are boosting their stakes. There is significant interest from billionaires like
Stan Druckenmiller as well. Financially, Seagate posted better than expected Q4 earnings despite a history of earnings decline, while promising dividend payouts. Despite some negativity surrounding a reported
$300 million penalty for shipping hard drives to Huawei and a class action lawsuit, Seagate appears to be holding its ground.
Seagate Technology Holdings Plcs STX News Analytics from Mon, 08 Aug 2016 08:18:26 GMT to Sat, 19 Oct 2024 19:02:20 GMT -
Rating 3
- Innovation -2
- Information 5
- Rumor -7
