17,000 Shares in Seagate Technology PLC (STX) Acquired by Bristol Advisors LLC

Bristol Advisors LLC purchased a new position in shares of Seagate Technology PLC (NASDAQ:STX) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 17,000 shares of the data storage provider’s stock, valued at approximately $711,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WFG Advisors LP boosted its stake in shares of Seagate Technology by 16,536.4% during the 2nd quarter. WFG Advisors LP now owns 3,660 shares of the data storage provider’s stock worth $142,000 after acquiring an additional 3,638 shares in the last quarter. Balentine LLC boosted its stake in shares of Seagate Technology by 56.8% during the 3rd quarter. Balentine LLC now owns 4,471 shares of the data storage provider’s stock worth $148,000 after acquiring an additional 1,619 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Seagate Technology during the 2nd quarter worth about $150,000. SpiderRock Advisors LLC boosted its stake in Seagate Technology by 2,419.5% during the 3rd quarter. SpiderRock Advisors LLC now owns 5,568 shares of the data storage provider’s stock valued at $184,000 after purchasing an additional 5,347 shares during the period. Finally, New England Research & Management Inc. bought a new stake in Seagate Technology during the 4th quarter valued at approximately $205,000. Institutional investors own 91.32% of the company’s stock.

Several analysts recently weighed in on the company. Citigroup increased their target price on Seagate Technology from $34.00 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, October 24th. Zacks Investment Research downgraded Seagate Technology from a “buy” rating to a “hold” rating in a research note on Thursday. Mizuho increased their target price on Seagate Technology from $36.00 to $39.00 and gave the company a “neutral” rating in a research note on Monday, October 23rd. UBS Group increased their target price on Seagate Technology from $28.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, October 24th. Finally, Maxim Group restated a “hold” rating and set a $44.00 target price (up previously from $43.00) on shares of Seagate Technology in a research note on Tuesday. Four research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Seagate Technology has an average rating of “Hold” and a consensus price target of $43.39.

In related news, insider Philip G. Brace sold 5,403 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $36.79, for a total transaction of $198,776.37. Following the sale, the insider now directly owns 33,069 shares in the company, valued at approximately $1,216,608.51. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Stephen J. Luczo sold 100,000 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $48.99, for a total value of $4,899,000.00. Following the sale, the chairman now owns 95,420 shares in the company, valued at $4,674,625.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 194,744 shares of company stock valued at $9,075,320. 0.87% of the stock is currently owned by insiders.

Seagate Technology PLC (STX) traded up $1.94 during trading on Friday, reaching $49.01. The company’s stock had a trading volume of 6,246,500 shares, compared to its average volume of 6,919,800. The company has a debt-to-equity ratio of 4.03, a quick ratio of 1.55 and a current ratio of 1.96. The firm has a market cap of $14,890.00, a PE ratio of 18.56, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. Seagate Technology PLC has a 12-month low of $30.60 and a 12-month high of $50.96.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Monday, October 23rd. The data storage provider reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.10. Seagate Technology had a return on equity of 84.50% and a net margin of 7.41%. The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the prior year, the firm posted $0.99 EPS. Seagate Technology’s quarterly revenue was down 5.9% compared to the same quarter last year. sell-side analysts expect that Seagate Technology PLC will post 4 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 20th were issued a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 5.14%. Seagate Technology’s payout ratio is presently 95.45%.

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About Seagate Technology

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.

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

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