Windward Capital Management Co. CA lifted its holdings in Seagate Technology PLC (NASDAQ:STX) by 95.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,722 shares of the data storage provider’s stock after buying an additional 20,409 shares during the quarter. Windward Capital Management Co. CA’s holdings in Seagate Technology were worth $1,746,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Jaffetilchin Investment Partners LLC acquired a new stake in shares of Seagate Technology in the 4th quarter worth $346,000. New England Research & Management Inc. acquired a new stake in shares of Seagate Technology in the 4th quarter worth $205,000. Polianta Ltd boosted its position in shares of Seagate Technology by 32.6% in the 4th quarter. Polianta Ltd now owns 30,500 shares of the data storage provider’s stock worth $1,276,000 after purchasing an additional 7,500 shares in the last quarter. Cacti Asset Management LLC boosted its position in shares of Seagate Technology by 0.8% in the 4th quarter. Cacti Asset Management LLC now owns 419,614 shares of the data storage provider’s stock worth $17,557,000 after purchasing an additional 3,225 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Seagate Technology by 7.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,504,787 shares of the data storage provider’s stock worth $49,914,000 after purchasing an additional 105,257 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.
A number of brokerages recently issued reports on STX. Mizuho restated a “hold” rating and issued a $36.00 target price on shares of Seagate Technology in a research note on Monday, October 9th. Cowen restated a “hold” rating and issued a $36.00 target price on shares of Seagate Technology in a research note on Friday, October 13th. Jefferies Group set a $29.00 target price on Seagate Technology and gave the stock a “hold” rating in a research note on Sunday, October 15th. FBN Securities restated a “sector perform” rating and issued a $40.00 target price (up previously from $32.00) on shares of Seagate Technology in a research note on Monday, October 23rd. Finally, KeyCorp reiterated a “hold” rating on shares of Seagate Technology in a research note on Monday, October 23rd. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $49.29.
Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Monday, January 29th. The data storage provider reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.09. Seagate Technology had a return on equity of 93.35% and a net margin of 6.10%. The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same period in the previous year, the firm posted $1.38 EPS. Seagate Technology’s revenue was up .7% compared to the same quarter last year. equities research analysts anticipate 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. Stockholders of record on Wednesday, March 21st will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 4.87%. The ex-dividend date of this dividend is Tuesday, March 20th. Seagate Technology’s dividend payout ratio is currently 115.07%.
In other news, insider Philip G. Brace sold 5,403 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 33,069 shares in the company, valued at approximately $1,216,608.51. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Chong Sup Park sold 4,026 shares of Seagate Technology stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $54.22, for a total transaction of $218,289.72. Following the sale, the director now directly owns 8,715 shares in the company, valued at approximately $472,527.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 784,797 shares of company stock worth $41,694,333. Insiders own 0.87% of the company’s stock.
About Seagate Technology
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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