Asset Management One Co. Ltd. increased its stake in Seagate Technology PLC (NASDAQ:STX) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,909 shares of the data storage provider’s stock after acquiring an additional 2,669 shares during the period. Asset Management One Co. Ltd. owned approximately 0.07% of Seagate Technology worth $9,186,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Comerica Bank lifted its holdings in Seagate Technology by 6.0% during the 1st quarter. Comerica Bank now owns 43,337 shares of the data storage provider’s stock valued at $2,154,000 after purchasing an additional 2,461 shares during the last quarter. Cetera Advisor Networks LLC lifted its position in shares of Seagate Technology by 10.9% in the first quarter. Cetera Advisor Networks LLC now owns 6,873 shares of the data storage provider’s stock worth $332,000 after purchasing an additional 678 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Seagate Technology by 14.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 64,851 shares of the data storage provider’s stock worth $3,106,000 after purchasing an additional 8,019 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Seagate Technology by 5.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,989 shares of the data storage provider’s stock worth $718,000 after purchasing an additional 781 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Seagate Technology by 4.3% in the first quarter. JPMorgan Chase & Co. now owns 766,189 shares of the data storage provider’s stock worth $36,692,000 after purchasing an additional 31,455 shares in the last quarter. 85.15% of the stock is owned by institutional investors and hedge funds.
NASDAQ:STX traded up $0.91 during trading hours on Friday, hitting $53.81. 2,161,854 shares of the company traded hands, compared to its average volume of 3,294,739. The company has a market cap of $13.78 billion, a PE ratio of 11.16, a PEG ratio of 9.31 and a beta of 1.64. Seagate Technology PLC has a one year low of $35.38 and a one year high of $57.20. The company has a quick ratio of 1.52, a current ratio of 1.95 and a debt-to-equity ratio of 1.97. The firm’s 50-day simple moving average is $52.40 and its 200-day simple moving average is $48.02.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 4.68%. The ex-dividend date was Tuesday, September 24th. Seagate Technology’s payout ratio is 52.28%.
Several analysts have issued reports on STX shares. Craig Hallum lowered shares of Seagate Technology from a “buy” rating to a “hold” rating and set a $56.00 price target on the stock. in a research report on Friday, September 20th. Benchmark upped their price objective on shares of Seagate Technology from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Goldman Sachs Group set a $37.00 target price on shares of Seagate Technology and gave the stock a “sell” rating in a report on Sunday, July 21st. Cowen raised their price objective on shares of Seagate Technology from $40.00 to $51.00 and gave the company a “market perform” rating in a report on Friday, September 20th. Finally, Susquehanna Bancshares dropped their price objective on shares of Seagate Technology from $34.00 to $32.00 and set a “sell” rating for the company in a report on Monday, September 23rd. Six analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the stock. Seagate Technology presently has an average rating of “Hold” and an average price target of $48.10.
In other Seagate Technology news, CEO William D. Mosley sold 90,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $54.31, for a total value of $4,887,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen J. Luczo sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $47.21, for a total value of $236,050.00. The disclosure for this sale can be found here. Insiders have sold 137,000 shares of company stock valued at $7,271,160 in the last three months. 1.12% of the stock is owned by insiders.
Seagate Technology Profile
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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