Capital Investment Advisory Services LLC acquired a new stake in Seagate Technology PLC (NASDAQ:STX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,449 shares of the data storage provider’s stock, valued at approximately $270,000.
A number of other large investors have also modified their holdings of the business. WFG Advisors LP boosted its holdings in shares of Seagate Technology by 16,536.4% in the second quarter. WFG Advisors LP now owns 3,660 shares of the data storage provider’s stock valued at $142,000 after acquiring an additional 3,638 shares during the period. Balentine LLC raised its position in Seagate Technology by 56.8% in the third quarter. Balentine LLC now owns 4,471 shares of the data storage provider’s stock worth $148,000 after acquiring an additional 1,619 shares in the last quarter. SpiderRock Advisors LLC raised its position in Seagate Technology by 2,419.5% in the third quarter. SpiderRock Advisors LLC now owns 5,568 shares of the data storage provider’s stock worth $184,000 after acquiring an additional 5,347 shares in the last quarter. New England Research & Management Inc. purchased a new position in shares of Seagate Technology in the fourth quarter valued at $205,000. Finally, Lockheed Martin Investment Management Co. purchased a new position in shares of Seagate Technology in the fourth quarter valued at $209,000. Institutional investors own 91.45% of the company’s stock.
Shares of Seagate Technology PLC (STX) traded up $1.74 during trading on Thursday, hitting $51.37. The stock had a trading volume of 3,674,800 shares, compared to its average volume of 5,698,123. The firm has a market capitalization of $14,860.00, a price-to-earnings ratio of 23.18, a PEG ratio of 0.65 and a beta of 1.88. The company has a quick ratio of 1.25, a current ratio of 1.58 and a debt-to-equity ratio of 4.07. Seagate Technology PLC has a 12 month low of $30.60 and a 12 month high of $56.45.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 21st will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 4.91%. Seagate Technology’s dividend payout ratio is 115.07%.
In other Seagate Technology news, insider Stephen J. Luczo sold 341,738 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $55.00, for a total value of $18,795,590.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jay L. Geldmacher sold 5,365 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $40.00, for a total value of $214,600.00. Following the completion of the transaction, the director now owns 8,715 shares in the company, valued at approximately $348,600. The disclosure for this sale can be found here. Insiders have sold 779,394 shares of company stock worth $41,495,557 in the last quarter. 0.87% of the stock is currently owned by corporate insiders.
STX has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Seagate Technology from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Thursday, October 26th. Vetr raised Seagate Technology from a “buy” rating to a “strong-buy” rating and set a $41.39 price objective on the stock in a research note on Monday, November 6th. Argus reissued a “hold” rating and issued a $40.00 price target on shares of Seagate Technology in a research note on Tuesday, October 24th. Guggenheim restated a “hold” rating on shares of Seagate Technology in a report on Monday, October 23rd. Finally, Wells Fargo & Co assumed coverage on Seagate Technology in a report on Tuesday, November 14th. They issued a “market perform” rating and a $38.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $49.76.
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Seagate Technology Profile
Seagate Technology public limited company is a provider of electronic data storage technology and solutions. The Company’s principal products are hard disk drives (HDDs). In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers.
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