Schwab Charles Investment Management Inc. decreased its stake in shares of Seagate Technology PLC (NASDAQ:STX) by 0.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,150,388 shares of the data storage provider’s stock after selling 5,782 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Seagate Technology were worth $48,133,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. WFG Advisors LP grew its holdings in Seagate Technology by 16,536.4% in the 2nd quarter. WFG Advisors LP now owns 3,660 shares of the data storage provider’s stock valued at $142,000 after buying an additional 3,638 shares during the last quarter. Balentine LLC grew its holdings in Seagate Technology by 56.8% in the 3rd quarter. Balentine LLC now owns 4,471 shares of the data storage provider’s stock valued at $148,000 after buying an additional 1,619 shares during the last quarter. SpiderRock Advisors LLC grew its holdings in Seagate Technology by 2,419.5% in the 3rd quarter. SpiderRock Advisors LLC now owns 5,568 shares of the data storage provider’s stock valued at $184,000 after buying an additional 5,347 shares during the last quarter. New England Research & Management Inc. acquired a new stake in Seagate Technology in the 4th quarter valued at approximately $205,000. Finally, Putnam FL Investment Management Co. acquired a new stake in Seagate Technology in the 3rd quarter valued at approximately $215,000. 92.72% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology PLC (STX) opened at $49.55 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.25 and a debt-to-equity ratio of 4.07. The company has a market capitalization of $14,340.00, a P/E ratio of 22.63, a P/E/G ratio of 0.65 and a beta of 1.88. Seagate Technology PLC has a 52-week low of $30.60 and a 52-week high of $56.45.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Monday, January 29th. The data storage provider reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.09. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.86 billion. Seagate Technology had a return on equity of 93.35% and a net margin of 6.10%. Seagate Technology’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the company earned $1.38 EPS. analysts forecast that Seagate Technology PLC will post 4.86 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 21st will be given a dividend of $0.63 per share. The ex-dividend date is Tuesday, March 20th. This represents a $2.52 annualized dividend and a dividend yield of 5.09%. Seagate Technology’s dividend payout ratio (DPR) is presently 115.07%.

In other Seagate Technology news, Director Jay L. Geldmacher sold 5,365 shares of Seagate Technology stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $40.00, for a total value of $214,600.00. Following the completion of the transaction, the director now owns 8,715 shares in the company, valued at approximately $348,600. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James J. Murphy sold 14,175 shares of Seagate Technology stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $55.16, for a total value of $781,893.00. Following the completion of the transaction, the executive vice president now owns 24,585 shares of the company’s stock, valued at approximately $1,356,108.60. The disclosure for this sale can be found here. Insiders have sold a total of 779,394 shares of company stock valued at $41,495,557 in the last 90 days. 0.87% of the stock is owned by corporate insiders.

STX has been the topic of a number of research analyst reports. Zacks Investment Research raised Seagate Technology from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Thursday, October 26th. Vetr upgraded Seagate Technology from a “buy” rating to a “strong-buy” rating and set a $41.39 price objective for the company in a research report on Monday, November 6th. Argus reiterated a “hold” rating and issued a $40.00 price objective on shares of Seagate Technology in a research report on Tuesday, October 24th. Guggenheim reiterated a “hold” rating on shares of Seagate Technology in a research report on Monday, October 23rd. Finally, Cowen reiterated a “hold” rating and issued a $36.00 price objective on shares of Seagate Technology in a research report on Friday, October 13th. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Seagate Technology currently has a consensus rating of “Hold” and a consensus price target of $49.76.

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Seagate Technology 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 (NASDAQ:STX)

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