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Seagate Technology



) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.6%. By the end of trading, Seagate Technology fell 14 cents (-0.6%) to $26.31 on light volume. Throughout the day, 7.1 million shares of Seagate Technology exchanged hands as compared to its average daily volume of 13 million shares. The stock ranged in price between $26.04-$26.85 after having opened the day at $26.59 as compared to the previous trading day's close of $26.46. Other company's within the Technology sector that declined today were:

International Game Technology



), down 19.9%,




), down 16.8%,

RF Micro Devices



), down 16.4%, and

SatCon Technology Corporation



), down 11.9%.

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Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise, client compute, and client non-compute market applications worldwide. Seagate Technology has a market cap of $11.4 billion and is part of the

computer hardware

industry. The company has a P/E ratio of six, below the average computer hardware industry P/E ratio of 6.2 and below the S&P 500 P/E ratio of 17.7. Shares are up 61.3% year to date as of the close of trading on Tuesday. Currently there are seven analysts that rate Seagate Technology a buy, two analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Seagate Technology as a


. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, notable return on equity, attractive valuation levels and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front,




), up 34.1%,

Riverbed Technology Incorporated



), up 25.9%,

Mitek Systems



), up 24.7%, and




), up 21.3%, were all gainers within the technology sector with

Juniper Networks



) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider

Technology Select Sector SPDR



) while those bearish on the technology sector could consider

ProShares Ultra Short Technology