Seagate Technology PLC (STX) Stake Lifted by AE Wealth Management LLC
AE Wealth Management LLC raised its position in Seagate Technology PLC (NASDAQ:STX) by 19.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 29,233 shares of the data storage provider’s stock after purchasing an additional 4,779 shares during the period. AE Wealth Management LLC’s holdings in Seagate Technology PLC were worth $970,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. WFG Advisors LP increased its stake in shares of 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 acquiring an additional 3,638 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Seagate Technology PLC in the 2nd quarter valued at $150,000. First Quadrant L P CA bought a new stake in shares of Seagate Technology PLC in the 2nd quarter valued at $153,000. Amalgamated Bank bought a new stake in shares of Seagate Technology PLC in the 1st quarter valued at $215,000. Finally, SpiderRock Advisors LLC increased its stake in shares of 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 acquiring an additional 5,347 shares in the last quarter. Hedge funds and other institutional investors own 90.10% of the company’s stock.
Several research firms have recently weighed in on STX. Vetr lowered shares of Seagate Technology PLC from a “strong-buy” rating to a “buy” rating and set a $41.39 price objective for the company. in a research note on Tuesday, October 31st. BMO Capital Markets reiterated a “hold” rating and issued a $40.00 price objective on shares of Seagate Technology PLC in a research note on Monday, October 23rd. Guggenheim reiterated a “hold” rating on shares of Seagate Technology PLC in a research note on Monday, October 23rd. BidaskClub upgraded shares of Seagate Technology PLC from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 25th. Finally, Argus reiterated a “hold” rating and issued a $40.00 price objective on shares of Seagate Technology PLC in a research note on Tuesday, October 24th. Four investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $41.39.
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In other news, insider Philip G. Brace sold 5,403 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $36.79, for a total value of $198,776.37. Following the sale, the insider now directly owns 33,069 shares of the company’s stock, valued at $1,216,608.51. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dambisa F. Moyo sold 8,715 shares of the stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $39.01, for a total transaction of $339,972.15. Following the completion of the sale, the director now directly owns 3,316 shares in the company, valued at $129,357.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,527 shares of company stock worth $856,859. Insiders own 0.87% of the company’s stock.
Seagate Technology PLC (NASDAQ:STX) traded up $0.52 during midday trading on Tuesday, reaching $40.37. 1,319,460 shares of the company’s stock traded hands, compared to its average volume of 5,194,686. The stock has a market capitalization of $11,530.00, a P/E ratio of 9.64, a PEG ratio of 0.52 and a beta of 1.68. Seagate Technology PLC has a 1-year low of $30.60 and a 1-year high of $50.96. The company has a debt-to-equity ratio of 4.03, a quick ratio of 1.55 and a current ratio of 1.96.
Seagate Technology PLC (NASDAQ:STX) last released its quarterly earnings data on Monday, October 23rd. The data storage provider reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.10. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. Seagate Technology PLC had a net margin of 7.41% and a return on equity of 84.50%. The company’s revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 earnings per share. equities research analysts expect that Seagate Technology PLC will post 3.99 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 20th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 6.24%. The ex-dividend date is Tuesday, December 19th. Seagate Technology PLC’s dividend payout ratio (DPR) is presently 95.45%.
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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