Atria Investments LLC Has $3.03 Million Holdings in Seagate Technology PLC (STX)

Atria Investments LLC trimmed its stake in Seagate Technology PLC (NASDAQ:STX) by 13.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,295 shares of the data storage provider’s stock after selling 11,675 shares during the quarter. Atria Investments LLC’s holdings in Seagate Technology were worth $3,025,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its stake in shares of Seagate Technology by 32.7% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 28,982 shares of the data storage provider’s stock worth $1,123,000 after acquiring an additional 7,140 shares during the period. Franklin Resources Inc. boosted its stake in shares of Seagate Technology by 659.7% during the 2nd quarter. Franklin Resources Inc. now owns 167,886 shares of the data storage provider’s stock worth $6,506,000 after acquiring an additional 145,787 shares during the period. Riverhead Capital Management LLC boosted its stake in shares of Seagate Technology by 18.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 12,341 shares of the data storage provider’s stock worth $478,000 after acquiring an additional 1,893 shares during the period. Teachers Advisors LLC boosted its stake in shares of Seagate Technology by 4.0% during the 2nd quarter. Teachers Advisors LLC now owns 60,852 shares of the data storage provider’s stock worth $2,358,000 after acquiring an additional 2,325 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Seagate Technology by 53.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 74,937 shares of the data storage provider’s stock worth $2,904,000 after acquiring an additional 26,097 shares during the period. Hedge funds and other institutional investors own 91.45% of the company’s stock.

In other news, CFO David H. Morton, Jr. sold 7,909 shares of Seagate Technology stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $40.00, for a total value of $316,360.00. Following the transaction, the chief financial officer now owns 25,561 shares in the company, valued at approximately $1,022,440. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David H. Morton, Jr. sold 40,263 shares of Seagate Technology stock in a transaction on Monday, January 8th. The shares were sold at an average price of $48.78, for a total value of $1,964,029.14. Following the completion of the transaction, the chief financial officer now owns 65,824 shares in the company, valued at approximately $3,210,894.72. The disclosure for this sale can be found here. Insiders sold a total of 199,744 shares of company stock valued at $9,317,320 over the last ninety days. Insiders own 0.87% of the company’s stock.

Seagate Technology PLC (NASDAQ STX) opened at $52.14 on Thursday. The firm has a market capitalization of $15,090.00, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 0.76 and a beta of 1.68. The company has a quick ratio of 1.55, a current ratio of 1.96 and a debt-to-equity ratio of 4.03. Seagate Technology PLC has a fifty-two week low of $30.60 and a fifty-two week high of $52.42.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Monday, October 23rd. The data storage provider reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.10. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Seagate Technology had a return on equity of 84.50% and a net margin of 7.41%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.99 EPS. equities research analysts anticipate that Seagate Technology PLC will post 4.32 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 20th were issued a $0.63 dividend. The ex-dividend date was Tuesday, December 19th. This represents a $2.52 annualized dividend and a yield of 4.83%. Seagate Technology’s dividend payout ratio is presently 95.45%.

Several research analysts have recently commented on STX shares. Zacks Investment Research downgraded Seagate Technology from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 20th. Craig Hallum upgraded Seagate Technology from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Monday, October 2nd. ValuEngine upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Mizuho reiterated a “hold” rating and set a $36.00 target price on shares of Seagate Technology in a research note on Monday, October 9th. Finally, Cowen reiterated a “hold” rating and set a $36.00 target price on shares of Seagate Technology in a research note on Friday, October 13th. Four research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $43.39.

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

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