Captrust Financial Advisors grew its holdings in shares of Seagate Technology PLC (NASDAQ:STX) by 11.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,284 shares of the data storage provider’s stock after purchasing an additional 2,697 shares during the quarter. Captrust Financial Advisors’ holdings in Seagate Technology were worth $1,074,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avestar Capital LLC acquired a new stake in Seagate Technology during the 4th quarter worth $100,000. Balentine LLC raised its holdings 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 worth $148,000 after acquiring an additional 1,619 shares during the period. SeaCrest Wealth Management LLC purchased a new position in shares of Seagate Technology during the 4th quarter worth $174,000. Brave Asset Management Inc. purchased a new position in shares of Seagate Technology during the 4th quarter worth $203,000. Finally, New England Research & Management Inc. purchased a new position in shares of Seagate Technology during the 4th quarter worth $205,000. 88.84% of the stock is currently owned by institutional investors.

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Shares of Seagate Technology PLC (NASDAQ:STX) opened at $59.68 on Wednesday. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.25 and a current ratio of 1.58. The stock has a market cap of $17,000.00, a PE ratio of 27.25, a price-to-earnings-growth ratio of 0.79 and a beta of 1.84. Seagate Technology PLC has a one year low of $30.60 and a one year high of $61.19.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Monday, January 29th. The data storage provider reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.09. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.86 billion. Seagate Technology had a net margin of 6.10% and a return on equity of 93.35%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.38 earnings per share. sell-side analysts anticipate that Seagate Technology PLC will post 4.87 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 21st will be paid a dividend of $0.63 per share. The ex-dividend date is Tuesday, March 20th. This represents a $2.52 dividend on an annualized basis and a yield of 4.22%. Seagate Technology’s dividend payout ratio (DPR) is presently 115.07%.

Several research analysts have recently commented on STX shares. TheStreet upgraded Seagate Technology from a “c+” rating to a “b-” rating in a report on Tuesday, January 9th. Zacks Investment Research lowered Seagate Technology from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. BidaskClub upgraded Seagate Technology from a “buy” rating to a “strong-buy” rating in a report on Friday, December 8th. Loop Capital reiterated a “buy” rating and set a $55.00 price target on shares of Seagate Technology in a report on Tuesday, January 9th. They noted that the move was a valuation call. Finally, Wells Fargo & Co started coverage on Seagate Technology in a report on Tuesday, November 14th. They set a “market perform” rating and a $38.00 price target on the stock. Four analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $50.60.

In other Seagate Technology news, Director Chong Sup Park sold 4,026 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $54.22, for a total transaction of $218,289.72. Following the sale, the director now directly owns 8,715 shares in the company, valued at $472,527.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David H. Morton, Jr. sold 35,142 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $55.00, for a total transaction of $1,932,810.00. Following the sale, the chief financial officer now owns 8,540 shares in the company, valued at $469,700. The disclosure for this sale can be found here. Insiders have sold 810,048 shares of company stock worth $43,459,301 over the last quarter. Insiders own 0.87% of the company’s stock.

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About Seagate Technology

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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