Certified Advisory Corp lifted its holdings in shares of Seagate Technology PLC (NASDAQ:STX) by 17.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,028 shares of the data storage provider’s stock after buying an additional 302 shares during the period. Certified Advisory Corp’s holdings in Seagate Technology were worth $78,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of STX. Kepos Capital LP acquired a new position in Seagate Technology in the 3rd quarter worth about $3,872,000. Empowered Funds LLC acquired a new position in Seagate Technology in the 3rd quarter worth about $4,386,000. Victory Capital Management Inc. increased its holdings in Seagate Technology by 49.2% in the 3rd quarter. Victory Capital Management Inc. now owns 171,623 shares of the data storage provider’s stock worth $8,126,000 after purchasing an additional 56,597 shares in the last quarter. Dupont Capital Management Corp increased its holdings in Seagate Technology by 1,516.8% in the 3rd quarter. Dupont Capital Management Corp now owns 68,166 shares of the data storage provider’s stock worth $3,228,000 after purchasing an additional 63,950 shares in the last quarter. Finally, Jefferies Group LLC acquired a new position in Seagate Technology in the 3rd quarter worth about $2,743,000. 89.66% of the stock is owned by institutional investors.
In other Seagate Technology news, Director Holdings L.P. Valueact bought 365,671 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The shares were bought at an average price of $41.84 per share, for a total transaction of $15,299,674.64. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Valueact Capital Master Fund, bought 371,086 shares of the business’s stock in a transaction that occurred on Friday, November 23rd. The shares were acquired at an average price of $41.84 per share, for a total transaction of $15,526,238.24. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 5,219,295 shares of company stock worth $229,489,191. 1.00% of the stock is owned by corporate insiders.
Shares of Seagate Technology stock opened at $45.02 on Monday. Seagate Technology PLC has a one year low of $35.38 and a one year high of $62.70. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.07 and a current ratio of 1.60. The stock has a market cap of $12.68 billion, a P/E ratio of 8.17, a price-to-earnings-growth ratio of 0.78 and a beta of 1.61.
Seagate Technology (NASDAQ:STX) last announced its earnings results on Monday, February 4th. The data storage provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.27 by $0.14. Seagate Technology had a return on equity of 105.74% and a net margin of 14.77%. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the prior year, the company earned $1.48 EPS. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. Equities research analysts expect that Seagate Technology PLC will post 4.66 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, March 19th. This represents a $2.52 annualized dividend and a dividend yield of 5.60%. Seagate Technology’s payout ratio is 45.74%.
A number of brokerages have issued reports on STX. ValuEngine raised Seagate Technology from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Benchmark reaffirmed a “hold” rating on shares of Seagate Technology in a report on Tuesday, February 5th. Maxim Group reissued a “hold” rating and issued a $49.00 price target (down previously from $51.00) on shares of Seagate Technology in a research note on Tuesday, February 5th. Craig Hallum decreased their price target on Seagate Technology from $47.00 to $41.00 and set a “hold” rating for the company in a research note on Tuesday, February 5th. Finally, Wells Fargo & Co decreased their price target on Seagate Technology from $50.00 to $45.00 and set a “market perform” rating for the company in a research note on Tuesday, February 5th. Six equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and five have issued a buy rating to the stock. Seagate Technology presently has a consensus rating of “Hold” and an average price target of $47.01.
Seagate Technology Company Profile
Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It manufactures and distributes hard disk drives; solid state drives (SSDs), including serial attached small computer system interface and non-volatile memory express SSDs; solid state hybrid drives; and storage subsystems.
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