Great West Life Assurance Co. Can cut its stake in shares of Seagate Technology PLC (NASDAQ:STX) by 11.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 399,786 shares of the data storage provider’s stock after selling 49,963 shares during the period. Great West Life Assurance Co. Can owned about 0.13% of Seagate Technology PLC worth $15,470,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Winslow Evans & Crocker Inc. raised its position in shares of Seagate Technology PLC by 12.4% in the first quarter. Winslow Evans & Crocker Inc. now owns 2,726 shares of the data storage provider’s stock valued at $125,000 after buying an additional 300 shares in the last quarter. Global X Management Co. LLC raised its position in shares of Seagate Technology PLC by 29.2% in the first quarter. Global X Management Co. LLC now owns 3,490 shares of the data storage provider’s stock valued at $160,000 after buying an additional 789 shares in the last quarter. First Quadrant L P CA bought a new position in shares of Seagate Technology PLC during the second quarter valued at approximately $153,000. Ledyard National Bank raised its position in shares of Seagate Technology PLC by 1,318.3% in the first quarter. Ledyard National Bank now owns 4,255 shares of the data storage provider’s stock valued at $195,000 after buying an additional 3,955 shares in the last quarter. Finally, Sigma Investment Counselors Inc. bought a new position in shares of Seagate Technology PLC during the first quarter valued at approximately $201,000. Institutional investors own 87.99% of the company’s stock.

Shares of Seagate Technology PLC (STX) opened at 33.48 on Tuesday. The company has a market cap of $9.78 billion, a price-to-earnings ratio of 12.98 and a beta of 1.69. Seagate Technology PLC has a 1-year low of $30.09 and a 1-year high of $50.96. The firm’s 50-day moving average is $38.76 and its 200 day moving average is $43.35.

Seagate Technology PLC (NASDAQ:STX) last issued its earnings results on Tuesday, July 25th. The data storage provider reported $0.65 EPS for the quarter, missing the consensus estimate of $0.99 by $0.34. The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.56 billion. Seagate Technology PLC had a return on equity of 81.87% and a net margin of 7.17%. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period last year, the business earned $0.69 earnings per share. Equities analysts expect that Seagate Technology PLC will post $3.70 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 20th will be given a $0.63 dividend. The ex-dividend date is Tuesday, September 19th. This represents a $2.52 annualized dividend and a yield of 7.53%. Seagate Technology PLC’s dividend payout ratio (DPR) is currently 97.67%.

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Several equities analysts have recently commented on STX shares. Benchmark Co. lowered shares of Seagate Technology PLC from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Cowen and Company reiterated a “market perform” rating and set a $45.00 target price (down from $46.00) on shares of Seagate Technology PLC in a report on Wednesday, April 26th. 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. BidaskClub lowered shares of Seagate Technology PLC from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $45.00 target price (down from $46.00) on shares of Seagate Technology PLC in a report on Saturday, April 29th. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $42.12.

In related news, insider Philip G. Brace acquired 1,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was purchased at an average cost of $33.34 per share, for a total transaction of $33,340.00. Following the completion of the purchase, the insider now directly owns 62,855 shares of the company’s stock, valued at approximately $2,095,585.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David H. Morton, Jr. sold 3,040 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $43.26, for a total value of $131,510.40. Following the transaction, the chief financial officer now owns 9,063 shares of the company’s stock, valued at $392,065.38. 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 company insiders.

About Seagate Technology PLC

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 PLC (NASDAQ:STX)

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