Seagate Technology PLC (STX) Shares Bought by Cambridge Investment Research Advisors Inc.
Cambridge Investment Research Advisors Inc. boosted its holdings in Seagate Technology PLC (NASDAQ:STX) by 2.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,016 shares of the data storage provider’s stock after acquiring an additional 2,014 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Seagate Technology PLC were worth $2,389,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. WFG Advisors LP grew its holdings in Seagate Technology PLC by 16,536.4% in the 2nd quarter. WFG Advisors LP now owns 3,660 shares of the data storage provider’s stock valued at $142,000 after buying an additional 3,638 shares in the last quarter. Pacer Advisors Inc. acquired a new position in Seagate Technology PLC in the 2nd quarter valued at $150,000. First Quadrant L P CA acquired a new position in Seagate Technology PLC in the 2nd quarter valued at $153,000. SpiderRock Advisors LLC grew its holdings in Seagate Technology PLC by 2,419.5% in the 3rd quarter. SpiderRock Advisors LLC now owns 5,568 shares of the data storage provider’s stock valued at $184,000 after buying an additional 5,347 shares in the last quarter. Finally, Amalgamated Bank acquired a new position in Seagate Technology PLC in the 1st quarter valued at $215,000. Institutional investors and hedge funds own 90.30% of the company’s stock.
In other Seagate Technology PLC news, CFO David H. Morton, Jr. sold 7,909 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 25,561 shares of the company’s stock, valued at $1,022,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey D. Nygaard acquired 5,000 shares of Seagate Technology PLC stock in a transaction on Friday, October 27th. The stock was purchased at an average cost of $37.38 per share, with a total value of $186,900.00. The disclosure for this purchase can be found here. Insiders sold 24,527 shares of company stock valued at $856,859 in the last three months. Insiders own 0.87% of the company’s stock.
A number of research analysts have commented on the company. Wells Fargo & Company assumed coverage on Seagate Technology PLC in a report on Tuesday, November 14th. They issued a “market perform” rating and a $38.00 price objective on the stock. Zacks Investment Research raised Seagate Technology PLC from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 26th. Robert W. Baird reaffirmed a “neutral” rating and issued a $38.00 price objective (down from $45.00) on shares of Seagate Technology PLC in a report on Wednesday, July 26th. Mizuho decreased their price objective on Seagate Technology PLC from $41.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, July 25th. Finally, FBN Securities reaffirmed a “sector perform” rating and issued a $40.00 price objective (up from $32.00) on shares of Seagate Technology PLC in a report on Monday, October 23rd. Four research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $41.39.
Shares of Seagate Technology PLC (NASDAQ STX) opened at $39.42 on Friday. 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 one year low of $30.60 and a one year high of $50.96. The company has a market capitalization of $11,404.95, a P/E ratio of 9.64, a price-to-earnings-growth ratio of 0.52 and a beta of 1.68.
Seagate Technology PLC (NASDAQ:STX) last announced its quarterly earnings data on Monday, October 23rd. The data storage provider reported $0.96 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.10. Seagate Technology PLC had a return on equity of 84.50% and a net margin of 7.41%. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter last year, the firm posted $0.99 earnings per share. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. equities research analysts expect that Seagate Technology PLC will post 3.99 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 20th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $2.52 dividend on an annualized basis and a yield of 6.39%. Seagate Technology PLC’s dividend payout ratio (DPR) is presently 95.09%.
Seagate Technology PLC 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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