Sigma Planning Corp bought a new position in Seagate Technology PLC (NASDAQ:STX) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 3,403 shares of the data storage provider’s stock, valued at approximately $202,000.
A number of other institutional investors and hedge funds have also bought and sold shares of STX. Nuveen Asset Management LLC raised its position in Seagate Technology by 688.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 66,364 shares of the data storage provider’s stock worth $3,127,000 after buying an additional 57,950 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of Seagate Technology by 231.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 1,033 shares of the data storage provider’s stock valued at $56,000 after purchasing an additional 721 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new position in shares of Seagate Technology during the 3rd quarter valued at approximately $225,000. Advisor Partners LLC increased its holdings in shares of Seagate Technology by 5.9% during the 3rd quarter. Advisor Partners LLC now owns 6,371 shares of the data storage provider’s stock valued at $343,000 after purchasing an additional 357 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in shares of Seagate Technology by 240.5% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 568,264 shares of the data storage provider’s stock valued at $30,567,000 after purchasing an additional 401,361 shares in the last quarter. 84.36% of the stock is owned by institutional investors.
In other Seagate Technology news, EVP Jeffrey D. Nygaard sold 3,916 shares of Seagate Technology stock in a transaction on Monday, November 18th. The shares were sold at an average price of $60.03, for a total transaction of $235,077.48. Following the sale, the executive vice president now owns 27,901 shares of the company’s stock, valued at approximately $1,674,897.03. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stephen J. Luczo sold 5,000 shares of Seagate Technology stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $59.26, for a total transaction of $296,300.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,142 shares of company stock worth $5,920,709. 1.12% of the stock is currently owned by corporate insiders.
Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, February 4th. The data storage provider reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.03. Seagate Technology had a net margin of 17.03% and a return on equity of 58.19%. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the previous year, the company posted $1.41 EPS. The firm’s quarterly revenue was down .7% on a year-over-year basis. On average, equities analysts predict that Seagate Technology PLC will post 5.06 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be paid a dividend of $0.65 per share. The ex-dividend date is Tuesday, March 24th. This represents a $2.60 annualized dividend and a yield of 4.79%. Seagate Technology’s dividend payout ratio (DPR) is presently 53.94%.
A number of research firms recently issued reports on STX. Deutsche Bank reissued a “hold” rating and issued a $58.00 price target (up previously from $52.00) on shares of Seagate Technology in a research note on Tuesday, January 28th. Summit Insights cut shares of Seagate Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. ValuEngine cut shares of Seagate Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Cfra lifted their price target on shares of Seagate Technology from $55.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, February 5th. Finally, Susquehanna Bancshares reissued a “sell” rating and issued a $40.00 price target on shares of Seagate Technology in a research note on Monday, December 16th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $56.10.
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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