Seagate Technology PLC (STX) Shares Bought by Sensato Investors LLC
Sensato Investors LLC boosted its holdings in Seagate Technology PLC (NASDAQ:STX) by 19.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,900 shares of the data storage provider’s stock after purchasing an additional 15,700 shares during the period. Seagate Technology PLC makes up 0.9% of Sensato Investors LLC’s portfolio, making the stock its 29th largest position. Sensato Investors LLC’s holdings in Seagate Technology PLC were worth $3,755,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of STX. Pacer Advisors Inc. bought a new stake in Seagate Technology PLC in the second quarter worth $150,000. First Quadrant L P CA bought a new stake in Seagate Technology PLC in the second quarter worth $153,000. Global X Management Co. LLC lifted its stake in 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 worth $160,000 after purchasing an additional 789 shares during the last quarter. Private Advisory Group LLC bought a new stake in Seagate Technology PLC in the first quarter worth $206,000. Finally, Amalgamated Bank bought a new stake in Seagate Technology PLC in the first quarter worth $215,000. 90.00% of the stock is owned by institutional investors and hedge funds.
Several research firms have weighed in on STX. Evercore ISI began coverage on shares of Seagate Technology PLC in a research note on Friday, June 16th. They issued an “in-line” rating and a $48.00 price target for the company. Royal Bank Of Canada reissued a “hold” rating and issued a $35.00 price target on shares of Seagate Technology PLC in a research note on Friday, September 1st. Maxim Group reissued a “hold” rating and issued a $38.00 price target (down from $46.00) on shares of Seagate Technology PLC in a research note on Wednesday, July 26th. BidaskClub downgraded shares of Seagate Technology PLC from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 12th. Finally, Craig Hallum raised shares of Seagate Technology PLC from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Monday. Four equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $40.72.
In other news, insider Philip G. Brace acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were purchased at an average price of $33.34 per share, with a total value of $33,340.00. Following the transaction, the insider now directly owns 62,855 shares in the company, valued at $2,095,585.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is owned by insiders.
Shares of Seagate Technology PLC (NASDAQ STX) traded up 0.809% on Thursday, hitting $34.255. 1,498,311 shares of the stock traded hands. The stock has a market cap of $9.86 billion, a P/E ratio of 13.277 and a beta of 1.72. Seagate Technology PLC has a 52-week low of $30.60 and a 52-week high of $50.96. The stock’s 50 day moving average price is $32.40 and its 200 day moving average price is $39.19. Seagate Technology PLC also was the recipient of unusually large options trading activity on Monday. Stock investors purchased 8,448 call options on the company. This is an increase of approximately 142% compared to the average volume of 3,494 call options.
Seagate Technology PLC (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, July 25th. The data storage provider reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the previous year, the firm earned $0.69 EPS. The firm’s quarterly revenue was down 9.3% on a year-over-year basis. On average, equities analysts expect that Seagate Technology PLC will post $3.65 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 20th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 7.42%. The ex-dividend date was Tuesday, September 19th. Seagate Technology PLC’s payout ratio is currently 97.67%.
About Seagate Technology PLC
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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