Amalgamated Bank purchased a new stake in shares of Seagate Technology PLC (NASDAQ:STX) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,671 shares of the data storage provider’s stock, valued at approximately $215,000.
Several other hedge funds have also bought and sold shares of STX. State Board of Administration of Florida Retirement System raised its stake in Seagate Technology PLC by 4.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 21,342 shares of the data storage provider’s stock valued at $815,000 after buying an additional 950 shares during the period. Renaissance Technologies LLC acquired a new stake in Seagate Technology PLC during the fourth quarter valued at about $3,317,000. Quadrature Capital Ltd raised its stake in Seagate Technology PLC by 100.3% in the fourth quarter. Quadrature Capital Ltd now owns 161,777 shares of the data storage provider’s stock valued at $6,175,000 after buying an additional 81,009 shares during the period. Teachers Advisors LLC raised its stake in Seagate Technology PLC by 7.5% in the fourth quarter. Teachers Advisors LLC now owns 56,428 shares of the data storage provider’s stock valued at $2,154,000 after buying an additional 3,936 shares during the period. Finally, Kentucky Retirement Systems acquired a new stake in Seagate Technology PLC during the fourth quarter valued at about $816,000. 87.99% of the stock is currently owned by institutional investors.
Seagate Technology PLC (NASDAQ:STX) opened at 32.29 on Friday. The firm has a 50-day moving average of $36.75 and a 200 day moving average of $43.00. Seagate Technology PLC has a one year low of $31.35 and a one year high of $50.96. The company has a market capitalization of $9.42 billion, a price-to-earnings ratio of 12.52 and a beta of 1.69.
Seagate Technology PLC (NASDAQ:STX) last released its quarterly earnings data on Tuesday, July 25th. The data storage provider reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.99 by $0.34. Seagate Technology PLC had a return on equity of 81.87% and a net margin of 7.17%. The business had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period last year, the company earned $0.69 earnings per share. The firm’s revenue was down 9.3% compared to the same quarter last year. Equities research analysts predict that Seagate Technology PLC will post $3.70 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 20th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 7.80%. The ex-dividend date is Tuesday, September 19th. Seagate Technology PLC’s dividend payout ratio (DPR) is presently 97.67%.
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A number of analysts recently weighed in on STX shares. Cowen and Company reaffirmed a “market perform” rating and set a $45.00 target price (down previously from $46.00) on shares of Seagate Technology PLC in a report on Wednesday, April 26th. Royal Bank Of Canada decreased their target price on shares of Seagate Technology PLC from $50.00 to $45.00 and set a “sector perform” rating on the stock in a report on Thursday, April 27th. Needham & Company LLC upped their target price on shares of Seagate Technology PLC from $55.00 to $57.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 27th. Zacks Investment Research lowered shares of Seagate Technology PLC from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 27th. Finally, Jefferies Group LLC decreased their target price on shares of Seagate Technology PLC from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, April 28th. Four equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $42.12.
In other news, insider Philip G. Brace bought 1,000 shares of Seagate Technology PLC stock in a transaction on Tuesday, August 1st. The stock was acquired at an average cost of $33.34 per share, for a total transaction of $33,340.00. Following the completion of the acquisition, the insider now owns 62,855 shares of the company’s stock, valued at approximately $2,095,585.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark Re sold 9,607 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $43.47, for a total transaction of $417,616.29. Following the completion of the transaction, the senior vice president now owns 40,470 shares of the company’s stock, valued at $1,759,230.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,456 shares of company stock valued at $715,313. 1.50% of the stock is owned by insiders.
Seagate Technology PLC Company 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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