Seagate Technology PLC using SYMBOL code NASDAQ:STX has had its stock rating noted as ‘Downgrade’ with the recommendation being set at ‘UNDERWEIGHT’ this morning by analysts at Morgan Stanley. Seagate Technology PLC are listed in the Technology sector within NASDAQ. Morgan Stanley have set their target price at 34 USD on its stock. This is indicating the analyst believes there is a potential downside of 28.2% from today’s opening price of 47.33 USD. Seagate Technology PLC NASDAQ:STX has a 50 day moving average of 52.55 USD and a 200 day moving average of 58.90 USD. The 1 year high for the stock price is 69.4 USD while the 52 week low for the stock is 44.46 USD.
Seagate Technology PLC NASDAQ:STX (Seagate) is the provider of electronic data storage products. The Company’s principal products are hard disk drives, commonly referred to as disk drives, hard drives or HDDs. The Company produces a range of disk drive products addressing enterprise applications, where its products are designed for enterprise servers, mainframes and workstations; client compute applications, where its products are designed for desktop and notebook computers, and client non-compute applications, where its products are designed for a range of end user devices, such as digital video recorders (DVRs), personal data backup systems, portable external storage systems and digital media systems. In April 2014, Seagate completed the acquisition of Xyratex Ltd. In September 2014, Seagate Technology PLC completes acquisition of the assets of LSI’s Accelerated Solutions Division (ASD) and Flash Components Division (FCD) from Avago Technologies Limited.