The VP and Interim General Counsel of Seagate Tech (NASDAQ: STX) is Selling Shares

By Carrie Williams

Today, the VP and Interim General Counsel of Seagate Tech (NASDAQ: STX), MacPherson Regan, sold shares of STX for $118.7K.

In addition to MacPherson Regan, 2 other STX executives reported Sell trades in the last month.

The company has a one year high of $39.48 and a one year low of $18.42. STX’s market cap is $11.71B and the company has a P/E ratio of 31.18. Currently, Seagate Tech has an average volume of 2.39M.

14 different firms, including Barclays and Merrill Lynch, currently also have a Sell rating on the stock. Based on 22 analyst ratings, the analyst consensus is Hold with an average price target of $37.57, reflecting a 4.6% upside.

The insider sentiment on Seagate Tech has been neutral according to 28 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

Seagate Technology Plc engages in the development, production, and distribution of data storage products and electronic data storage solutions. Its products include hard disk drives, solid state hybrid drives, solid state drives, peripheral component interconnect express cards, serial advanced technology attachment controllers, storage subsystems, and computing solutions. It offers its products under the Backup Plus and Expansion product lines, and Maxtor and LaCie brands. The company was founded by Finis Conner, Syed Iftikar, Doug Mahon, David Thomas Mitchell, and Alan F. Shugart in 1978 and is headquartered in Dublin, Ireland.