Dimensional Fund Advisors LP increased its position in shares of Seagate Technology PLC (NASDAQ:STX) by 2.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,288,546 shares of the data storage provider’s stock after purchasing an additional 30,933 shares during the period. Dimensional Fund Advisors LP’s holdings in Seagate Technology were worth $72,765,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of STX. Quad Cities Investment Group LLC purchased a new position in Seagate Technology during the second quarter worth about $124,000. Lee Financial Co purchased a new position in Seagate Technology during the first quarter worth about $181,000. Mariner LLC purchased a new position in Seagate Technology during the first quarter worth about $204,000. Bristol Advisors LLC purchased a new position in Seagate Technology during the second quarter worth about $215,000. Finally, Greenleaf Trust purchased a new position in Seagate Technology during the second quarter worth about $216,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Kathryn R. Scolnick sold 10,577 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $53.12, for a total transaction of $561,850.24. Following the completion of the transaction, the chief financial officer now directly owns 759 shares of the company’s stock, valued at approximately $40,318.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Valueact Capital Master Fund, acquired 2,090,783 shares of the company’s stock in a transaction dated Monday, August 13th. The shares were acquired at an average cost of $50.94 per share, with a total value of $106,504,486.02. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 6,207,648 shares of company stock valued at $322,103,805 and have sold 46,086 shares valued at $2,529,660. Company insiders own 0.87% of the company’s stock.

STX has been the subject of several analyst reports. ValuEngine cut shares of Seagate Technology from a “buy” rating to a “hold” rating in a report on Thursday, June 7th. Zacks Investment Research cut shares of Seagate Technology from a “buy” rating to a “hold” rating in a report on Monday, July 16th. BidaskClub cut shares of Seagate Technology from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $62.00 target price on shares of Seagate Technology in a report on Monday, July 30th. Finally, Benchmark reaffirmed a “hold” rating on shares of Seagate Technology in a report on Tuesday, July 31st. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Seagate Technology has an average rating of “Hold” and an average price target of $53.14.

Shares of STX opened at $47.94 on Tuesday. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.35 and a quick ratio of 1.02. Seagate Technology PLC has a 1-year low of $31.70 and a 1-year high of $62.70. The company has a market cap of $14.24 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 0.63 and a beta of 1.72.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Monday, July 30th. The data storage provider reported $1.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.17. Seagate Technology had a net margin of 10.57% and a return on equity of 120.71%. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period last year, the company posted $0.65 EPS. The company’s revenue was up 17.8% on a year-over-year basis. sell-side analysts expect that Seagate Technology PLC will post 6.3 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 3rd. Stockholders of record on Wednesday, September 19th will be paid a dividend of $0.63 per share. The ex-dividend date is Tuesday, September 18th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 5.26%. Seagate Technology’s dividend payout ratio (DPR) is 45.74%.

About Seagate Technology

Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It manufactures and distributes hard disk drives; solid state drives (SSDs), including serial attached small computer system interface and non-volatile memory express SSDs; solid state hybrid drives; and storage subsystems.

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Institutional Ownership by Quarter for Seagate Technology (NASDAQ:STX)

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