Chevy Chase Trust Holdings Inc. decreased its holdings in shares of Seagate Technology PLC (NASDAQ:STX) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,632 shares of the data storage provider’s stock after selling 1,342 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.09% of Seagate Technology worth $10,486,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. WFG Advisors LP boosted its position 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 valued at $142,000 after purchasing an additional 3,638 shares in the last quarter. Balentine LLC boosted its position 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 valued at $148,000 after purchasing an additional 1,619 shares in the last quarter. SpiderRock Advisors LLC boosted its position in shares of 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 in the last quarter. New England Research & Management Inc. bought a new stake in shares of Seagate Technology during the 4th quarter valued at about $205,000. Finally, Lockheed Martin Investment Management Co. bought a new stake in shares of Seagate Technology during the 4th quarter valued at about $209,000. Institutional investors own 91.45% of the company’s stock.
In other news, Director Chong Sup Park sold 4,026 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $54.22, for a total value of $218,289.72. Following the completion of the transaction, the director now directly owns 8,715 shares of the company’s stock, valued at $472,527.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP James J. Murphy sold 14,175 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $55.16, for a total value of $781,893.00. Following the completion of the transaction, the executive vice president now directly owns 24,585 shares of the company’s stock, valued at $1,356,108.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 779,394 shares of company stock valued at $41,495,557. 0.87% of the stock is currently owned by corporate insiders.
STX has been the topic of several research analyst reports. Zacks Investment Research upgraded Seagate Technology from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Thursday, October 26th. BidaskClub raised Seagate Technology from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 25th. TheStreet raised Seagate Technology from a “c+” rating to a “b-” rating in a research note on Tuesday, January 9th. Morgan Stanley upped their price target on Seagate Technology from $32.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 24th. Finally, Vetr downgraded Seagate Technology from a “strong-buy” rating to a “buy” rating and set a $41.39 price target on the stock. in a research note on Tuesday, October 31st. Four investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Seagate Technology currently has a consensus rating of “Hold” and a consensus price target of $49.76.
Shares of Seagate Technology PLC (NASDAQ:STX) opened at $49.63 on Wednesday. The company has a market capitalization of $14,360.00, a P/E ratio of 22.66, a PEG ratio of 0.63 and a beta of 1.88. The company has a quick ratio of 1.25, a current ratio of 1.58 and a debt-to-equity ratio of 4.07. Seagate Technology PLC has a 52 week low of $30.60 and a 52 week high of $56.45.
Seagate Technology (NASDAQ:STX) last released its earnings results on Monday, January 29th. The data storage provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.09. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.86 billion. Seagate Technology had a return on equity of 93.35% and a net margin of 6.10%. Seagate Technology’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $1.38 earnings per share. equities research analysts predict that Seagate Technology PLC will post 4.86 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 21st will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Tuesday, March 20th. Seagate Technology’s dividend payout ratio is presently 115.07%.
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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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