Seagate Technology PLC (NASDAQ:STX) Holdings Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in Seagate Technology PLC (NASDAQ:STX) by 3.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,261,463 shares of the data storage provider’s stock after acquiring an additional 44,588 shares during the quarter. Dimensional Fund Advisors LP owned 0.44% of Seagate Technology worth $41,841,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of STX. Vanguard Group Inc. grew its stake in Seagate Technology by 7.4% during the second quarter. Vanguard Group Inc. now owns 33,412,003 shares of the data storage provider’s stock worth $1,294,716,000 after buying an additional 2,292,075 shares during the last quarter. BlackRock Inc. grew its stake in Seagate Technology by 1.4% during the second quarter. BlackRock Inc. now owns 18,592,514 shares of the data storage provider’s stock worth $720,459,000 after buying an additional 256,005 shares during the last quarter. ValueAct Holdings L.P. grew its stake in Seagate Technology by 44.8% during the second quarter. ValueAct Holdings L.P. now owns 13,815,765 shares of the data storage provider’s stock worth $535,361,000 after buying an additional 4,276,275 shares during the last quarter. APG Asset Management N.V. grew its stake in Seagate Technology by 4.2% during the third quarter. APG Asset Management N.V. now owns 3,392,370 shares of the data storage provider’s stock worth $112,525,000 after buying an additional 135,300 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in Seagate Technology by 28.5% during the third quarter. First Trust Advisors LP now owns 3,044,778 shares of the data storage provider’s stock worth $100,995,000 after buying an additional 674,442 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology PLC (STX) opened at $51.51 on Wednesday. Seagate Technology PLC has a twelve month low of $30.60 and a twelve month high of $52.33. The firm has a market cap of $14,900.00, a P/E ratio of 19.51, a P/E/G ratio of 0.76 and a beta of 1.68. The company has a quick ratio of 1.55, a current ratio of 1.96 and a debt-to-equity ratio of 4.03.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Monday, October 23rd. The data storage provider reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.10. Seagate Technology had a net margin of 7.41% and a return on equity of 84.50%. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period in the prior year, the business posted $0.99 earnings per share. Seagate Technology’s revenue was down 5.9% compared to the same quarter last year. equities analysts predict that Seagate Technology PLC will post 4.32 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Wednesday, December 20th were issued a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $2.52 annualized dividend and a yield of 4.89%. Seagate Technology’s dividend payout ratio is currently 95.45%.

Several brokerages have weighed in on STX. Craig Hallum reaffirmed a “buy” rating and set a $56.00 price objective (up from $50.00) on shares of Seagate Technology in a research note on Tuesday, January 9th. Zacks Investment Research raised shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Friday, January 12th. Maxim Group reaffirmed a “hold” rating and set a $44.00 price objective (up from $43.00) on shares of Seagate Technology in a research note on Tuesday, January 9th. Cowen reaffirmed a “market perform” rating and set a $47.00 price objective (up from $39.00) on shares of Seagate Technology in a research note on Monday, January 8th. Finally, Wells Fargo & Co reiterated a “market perform” rating and set a $45.00 target price (up from $38.00) on shares of Seagate Technology in a research report on Tuesday, January 9th. Four analysts have rated the stock with a sell rating, twenty-three have given a hold rating, seven have assigned 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 $43.39.

In other Seagate Technology news, CFO David H. Morton, Jr. sold 7,909 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $40.00, for a total value of $316,360.00. Following the sale, the chief financial officer now directly owns 25,561 shares in the company, valued at $1,022,440. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David H. Morton, Jr. sold 40,263 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $48.78, for a total transaction of $1,964,029.14. Following the completion of the sale, the chief financial officer now owns 65,824 shares in the company, valued at $3,210,894.72. The disclosure for this sale can be found here. Insiders sold 199,744 shares of company stock worth $9,317,320 over the last 90 days. 0.87% of the stock is currently owned by company insiders.

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Seagate Technology 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.

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

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