DekaBank Deutsche Girozentrale decreased its stake in Seagate Technology PLC (NASDAQ:STX) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,098 shares of the data storage provider’s stock after selling 663 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Seagate Technology PLC were worth $1,098,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of STX. First Quadrant L P CA acquired a new position in shares of Seagate Technology PLC during the second quarter valued at approximately $153,000. Global X Management Co. LLC increased its position in shares of Seagate Technology PLC by 29.2% in the first quarter. Global X Management Co. LLC now owns 3,490 shares of the data storage provider’s stock valued at $160,000 after buying an additional 789 shares in the last quarter. Sigma Investment Counselors Inc. acquired a new position in shares of Seagate Technology PLC during the first quarter valued at approximately $201,000. Private Advisory Group LLC acquired a new position in shares of Seagate Technology PLC during the first quarter valued at approximately $206,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of Seagate Technology PLC during the first quarter valued at approximately $209,000. Institutional investors own 87.27% of the company’s stock.

Shares of Seagate Technology PLC (NASDAQ:STX) opened at 31.01 on Thursday. The stock has a market capitalization of $9.05 billion, a P/E ratio of 12.02 and a beta of 1.69. The stock has a 50 day moving average price of $35.01 and a 200 day moving average price of $42.30. Seagate Technology PLC has a 52 week low of $30.60 and a 52 week high of $50.96.

Seagate Technology PLC (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, July 25th. The data storage provider reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by $0.34. Seagate Technology PLC had a return on equity of 81.87% and a net margin of 7.17%. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The company’s quarterly revenue was down 9.3% on a year-over-year basis. On average, equities research analysts expect that Seagate Technology PLC will post $3.69 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 20th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $2.52 annualized dividend and a dividend yield of 8.13%. Seagate Technology PLC’s payout ratio is currently 97.67%.

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Several research analysts have recently commented on STX shares. Aegis started coverage on Seagate Technology PLC in a research note on Tuesday, June 13th. They set a “buy” rating and a $50.00 target price for the company. Jefferies Group LLC reduced their target price on Seagate Technology PLC from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, April 28th. Loop Capital started coverage on Seagate Technology PLC in a research note on Monday, July 24th. They set a “buy” rating and a $50.00 target price for the company. ValuEngine downgraded Seagate Technology PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, BidaskClub downgraded Seagate Technology PLC from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Five analysts have rated the stock with a sell rating, twenty have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.12.

In related news, insider Philip G. Brace acquired 1,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was acquired at an average cost of $33.34 per share, for a total transaction of $33,340.00. Following the completion of the purchase, the insider now owns 62,855 shares of the company’s stock, valued at approximately $2,095,585.70. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CFO David H. Morton, Jr. sold 3,040 shares of Seagate Technology PLC stock in a transaction on Friday, June 9th. The stock was sold at an average price of $43.26, for a total transaction of $131,510.40. Following the sale, the chief financial officer now owns 9,063 shares of the company’s stock, valued at $392,065.38. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

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

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