Empirical Finance LLC increased its position in shares of Seagate Technology PLC (NASDAQ:STX) by 11.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,890 shares of the data storage provider’s stock after acquiring an additional 3,152 shares during the period. Empirical Finance LLC’s holdings in Seagate Technology were worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. TRUE Private Wealth Advisors acquired a new stake in Seagate Technology in the third quarter valued at approximately $182,000. Groesbeck Investment Management Corp NJ acquired a new stake in Seagate Technology in the third quarter valued at approximately $474,000. Aperio Group LLC boosted its position in Seagate Technology by 27.6% in the third quarter. Aperio Group LLC now owns 149,899 shares of the data storage provider’s stock valued at $7,098,000 after buying an additional 32,418 shares in the last quarter. Rothschild Investment Corp IL acquired a new stake in Seagate Technology in the third quarter valued at approximately $1,006,000. Finally, Nisa Investment Advisors LLC boosted its position in Seagate Technology by 127.3% in the third quarter. Nisa Investment Advisors LLC now owns 34,022 shares of the data storage provider’s stock valued at $1,611,000 after buying an additional 19,052 shares in the last quarter. Institutional investors and hedge funds own 83.18% of the company’s stock.

In other news, insider Valueact Capital Master Fund, bought 2,090,783 shares of the stock in a transaction that occurred on Monday, August 13th. The stock was acquired at an average price of $50.94 per share, with a total value of $106,504,486.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen J. Luczo sold 35,000 shares of Seagate Technology stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $55.40, for a total transaction of $1,939,000.00. The disclosure for this sale can be found here. In the last three months, insiders have purchased 6,207,648 shares of company stock valued at $322,103,805 and have sold 46,086 shares valued at $2,529,660. 1.00% of the stock is owned by company insiders.

STX has been the topic of a number of research analyst reports. Goldman Sachs Group lowered shares of Seagate Technology from a “neutral” rating to a “sell” rating and cut their target price for the company from $50.00 to $44.00 in a research report on Thursday, August 9th. Evercore ISI lowered shares of Seagate Technology from an “in-line” rating to an “underperform” rating and cut their target price for the company from $55.00 to $45.00 in a research report on Tuesday, September 4th. Zacks Investment Research upgraded shares of Seagate Technology from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. BidaskClub lowered shares of Seagate Technology from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 5th. Finally, Benchmark restated a “hold” rating on shares of Seagate Technology in a research report on Tuesday, July 31st. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $54.29.

STX stock opened at $43.76 on Friday. The firm has a market cap of $13.63 billion, a PE ratio of 7.98, a price-to-earnings-growth ratio of 0.61 and a beta of 1.70. Seagate Technology PLC has a 52-week low of $33.85 and a 52-week high of $62.70. The company has a quick ratio of 1.02, a current ratio of 1.35 and a debt-to-equity ratio of 2.59.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Monday, July 30th. The data storage provider reported $1.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.17. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.80 billion. Seagate Technology had a net margin of 10.57% and a return on equity of 120.71%. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share. On average, research analysts predict that Seagate Technology PLC will post 6.24 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 3rd. Investors of record on Wednesday, September 19th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date was Tuesday, September 18th. Seagate Technology’s dividend payout ratio is presently 45.74%.

Seagate Technology Company Profile

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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