CWM Advisors LLC lessened its stake in Seagate Technology PLC (NASDAQ:STX) by 3.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,469 shares of the data storage provider’s stock after selling 675 shares during the quarter. CWM Advisors LLC’s holdings in Seagate Technology were worth $1,039,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in STX. Coastal Investment Advisors Inc. lifted its stake in Seagate Technology by 6.4% during the third quarter. Coastal Investment Advisors Inc. now owns 3,122 shares of the data storage provider’s stock worth $169,000 after purchasing an additional 188 shares during the last quarter. Penserra Capital Management LLC lifted its stake in Seagate Technology by 10.0% during the third quarter. Penserra Capital Management LLC now owns 2,304 shares of the data storage provider’s stock worth $123,000 after purchasing an additional 210 shares during the last quarter. Intellectus Partners LLC lifted its stake in Seagate Technology by 1.3% during the third quarter. Intellectus Partners LLC now owns 17,141 shares of the data storage provider’s stock worth $933,000 after purchasing an additional 226 shares during the last quarter. Old Port Advisors lifted its stake in Seagate Technology by 0.9% during the third quarter. Old Port Advisors now owns 31,325 shares of the data storage provider’s stock worth $1,682,000 after purchasing an additional 280 shares during the last quarter. Finally, First Allied Advisory Services Inc. lifted its stake in Seagate Technology by 0.9% during the third quarter. First Allied Advisory Services Inc. now owns 33,300 shares of the data storage provider’s stock worth $1,795,000 after purchasing an additional 291 shares during the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Several equities research analysts recently weighed in on STX shares. Stifel Nicolaus started coverage on Seagate Technology in a research note on Monday, December 2nd. They set a “hold” rating and a $62.00 target price for the company. Morgan Stanley boosted their target price on Seagate Technology from $61.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Bank of America boosted their target price on Seagate Technology from $45.00 to $50.00 and gave the stock an “underperform” rating in a research note on Monday, November 4th. Barclays restated a “sell” rating and set a $42.00 target price on shares of Seagate Technology in a research note on Sunday, November 3rd. Finally, Mizuho restated a “hold” rating and set a $53.00 target price on shares of Seagate Technology in a research note on Friday, November 1st. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Seagate Technology has a consensus rating of “Hold” and a consensus price target of $52.53.

In other Seagate Technology news, SVP Katherine Schuelke sold 2,306 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $61.00, for a total transaction of $140,666.00. Following the completion of the sale, the senior vice president now directly owns 28,770 shares in the company, valued at $1,754,970. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicholls Stuart 6,724,138 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. Insiders sold 490,870 shares of company stock valued at $28,688,546 over the last quarter. Insiders own 1.12% of the company’s stock.

Seagate Technology stock traded up $0.49 during trading on Friday, hitting $63.25. The company’s stock had a trading volume of 206,162 shares, compared to its average volume of 1,602,105. The stock has a market capitalization of $16.49 billion, a price-to-earnings ratio of 10.02, a P/E/G ratio of 10.34 and a beta of 1.61. The stock’s fifty day moving average is $59.63 and its 200 day moving average is $54.25. Seagate Technology PLC has a 1-year low of $39.02 and a 1-year high of $62.79. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.17 and a current ratio of 1.58.

Seagate Technology (NASDAQ:STX) last released its earnings results on Friday, November 1st. The data storage provider reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.03. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.57 billion. Seagate Technology had a return on equity of 61.26% and a net margin of 17.66%. The business’s quarterly revenue was down 13.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.70 earnings per share. On average, research analysts anticipate that Seagate Technology PLC will post 4.9 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 26th were paid a $0.65 dividend. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.63. This represents a $2.60 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend was Tuesday, December 24th. Seagate Technology’s dividend payout ratio is presently 53.94%.

Seagate Technology Company Profile

Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It manufactures and distributes hard disk drives; solid state drives (SSDs), including serial attached small computer system interface and non-volatile memory express SSDs; solid state hybrid drives; and storage subsystems.

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

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