Reliance Trust Co. of Delaware Boosts Position in Seagate Technology PLC (STX)

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Reliance Trust Co. of Delaware boosted its holdings in shares of Seagate Technology PLC (NASDAQ:STX) by 5.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,878 shares of the data storage provider’s stock after purchasing an additional 1,704 shares during the period. Reliance Trust Co. of Delaware’s holdings in Seagate Technology were worth $1,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. raised its position in shares of Seagate Technology by 1.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 78,944 shares of the data storage provider’s stock worth $4,458,000 after acquiring an additional 1,072 shares during the period. Acadian Asset Management LLC raised its position in shares of Seagate Technology by 25.5% in the second quarter. Acadian Asset Management LLC now owns 5,344 shares of the data storage provider’s stock worth $302,000 after acquiring an additional 1,087 shares during the period. State Treasurer State of Michigan raised its position in shares of Seagate Technology by 1.3% in the second quarter. State Treasurer State of Michigan now owns 84,940 shares of the data storage provider’s stock worth $4,797,000 after acquiring an additional 1,100 shares during the period. Suntrust Banks Inc. raised its position in shares of Seagate Technology by 4.3% in the first quarter. Suntrust Banks Inc. now owns 33,073 shares of the data storage provider’s stock worth $1,934,000 after acquiring an additional 1,352 shares during the period. Finally, Kwmg LLC raised its position in shares of Seagate Technology by 3.2% in the second quarter. Kwmg LLC now owns 45,618 shares of the data storage provider’s stock worth $2,576,000 after acquiring an additional 1,403 shares during the period. Institutional investors own 83.24% of the company’s stock.

In other Seagate Technology news, Director Holdings L.P. Valueact acquired 125,000 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The stock was bought at an average price of $52.87 per share, with a total value of $6,608,750.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP James J. Murphy sold 509 shares of the company’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $56.60, for a total transaction of $28,809.40. Following the sale, the executive vice president now directly owns 37,693 shares of the company’s stock, valued at approximately $2,133,423.80. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 5,707,648 shares of company stock valued at $295,778,805 and have sold 46,086 shares valued at $2,529,660. 1.00% of the stock is currently owned by corporate insiders.

A number of brokerages have weighed in on STX. BidaskClub upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Tuesday, August 7th. Zacks Investment Research upgraded shares of Seagate Technology from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Benchmark reiterated a “hold” rating on shares of Seagate Technology in a research report on Tuesday, July 31st. Susquehanna Bancshares reiterated a “negative” rating and issued a $32.00 price objective (down previously from $53.00) on shares of Seagate Technology in a research report on Tuesday, October 23rd. Finally, ValuEngine cut shares of Seagate Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $53.43.

STX stock opened at $39.44 on Wednesday. The stock has a market cap of $11.17 billion, a PE ratio of 7.16, a P/E/G ratio of 0.49 and a beta of 1.70. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.35 and a quick ratio of 1.02. Seagate Technology PLC has a 52 week low of $36.07 and a 52 week high of $62.70.

About Seagate Technology

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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Institutional Ownership by Quarter for Seagate Technology (NASDAQ:STX)

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