Advisor Group Inc. Acquires 3,124 Shares of Seagate Technology PLC (STX)
Advisor Group Inc. raised its holdings in shares of Seagate Technology PLC (NASDAQ:STX) by 9.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,414 shares of the data storage provider’s stock after acquiring an additional 3,124 shares during the period. Advisor Group Inc.’s holdings in Seagate Technology PLC were worth $1,241,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. WFG Advisors LP grew its position in Seagate Technology PLC by 16,536.4% during the second quarter. WFG Advisors LP now owns 3,660 shares of the data storage provider’s stock valued at $142,000 after acquiring an additional 3,638 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of Seagate Technology PLC in the second quarter worth approximately $150,000. First Quadrant L P CA bought a new position in shares of Seagate Technology PLC in the second quarter worth approximately $153,000. Amalgamated Bank bought a new position in shares of Seagate Technology PLC in the first quarter worth approximately $215,000. Finally, SpiderRock Advisors LLC grew its holdings in shares of Seagate Technology PLC by 2,419.5% in the third quarter. SpiderRock Advisors LLC now owns 5,568 shares of the data storage provider’s stock worth $184,000 after purchasing an additional 5,347 shares during the last quarter. Institutional investors and hedge funds own 90.10% of the company’s stock.
Seagate Technology PLC (NASDAQ STX) opened at $39.42 on Monday. The company has a market capitalization of $11,400.00, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 0.52 and a beta of 1.68. The company has a debt-to-equity ratio of 4.03, a current ratio of 1.96 and a quick ratio of 1.55. Seagate Technology PLC has a 12-month low of $30.60 and a 12-month high of $50.96.
Seagate Technology PLC (NASDAQ:STX) last posted its quarterly earnings results on Monday, October 23rd. The data storage provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. Seagate Technology PLC had a return on equity of 84.50% and a net margin of 7.41%. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the prior year, the company earned $0.99 EPS. The business’s revenue was down 5.9% compared to the same quarter last year. equities research analysts expect that Seagate Technology PLC will post 3.99 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 20th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date is Tuesday, December 19th. Seagate Technology PLC’s payout ratio is 95.45%.
In related news, insider Philip G. Brace sold 5,403 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $36.79, for a total transaction of $198,776.37. Following the completion of the sale, the insider now directly owns 33,069 shares in the company, valued at approximately $1,216,608.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey D. Nygaard acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were bought at an average price of $37.38 per share, with a total value of $186,900.00. The disclosure for this purchase can be found here. Insiders have sold a total of 24,527 shares of company stock worth $856,859 in the last three months. Corporate insiders own 0.87% of the company’s stock.
Several research analysts have recently issued reports on STX shares. Loop Capital started coverage on shares of Seagate Technology PLC in a report on Monday, July 24th. They issued a “buy” rating and a $50.00 target price on the stock. Zacks Investment Research upgraded shares of Seagate Technology PLC from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Benchmark Co. cut shares of Seagate Technology PLC from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Mizuho cut their target price on shares of Seagate Technology PLC from $41.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, July 25th. Finally, Longbow Research cut shares of Seagate Technology PLC from a “buy” rating to a “neutral” rating in a report on Tuesday, July 25th. Four analysts have rated the stock with a sell rating, twenty-two have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $41.39.
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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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