3,403 Shares in Seagate Technology PLC (NASDAQ:STX) Acquired by Sigma Planning Corp

Share on StockTwits

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.

STX traded down $1.49 on Friday, hitting $54.31. 753,197 shares of the company’s stock were exchanged, compared to its average volume of 2,551,053. Seagate Technology PLC has a fifty-two week low of $41.63 and a fifty-two week high of $64.17. The company has a current ratio of 1.54, a quick ratio of 1.11 and a debt-to-equity ratio of 2.26. The firm has a 50-day moving average price of $59.14 and a 200-day moving average price of $55.33. The stock has a market cap of $14.57 billion, a price-to-earnings ratio of 8.80, a P/E/G ratio of 8.97 and a beta of 1.56.

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.

Read More: The risks of owning bonds

Want to see what other hedge funds are holding STX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seagate Technology PLC (NASDAQ:STX).

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

Receive News & Ratings for Seagate Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seagate Technology and related companies with MarketBeat.com's FREE daily email newsletter.