Guggenheim Capital LLC grew its holdings in Seagate Technology PLC (NASDAQ:STX) by 0.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 253,546 shares of the data storage provider’s stock after purchasing an additional 2,351 shares during the quarter. Guggenheim Capital LLC owned about 0.10% of Seagate Technology worth $12,372,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Sei Investments Co. grew its stake in Seagate Technology by 30.5% in the 4th quarter. Sei Investments Co. now owns 28,001 shares of the data storage provider’s stock valued at $1,716,000 after buying an additional 6,537 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Seagate Technology by 1.4% during the 4th quarter. Victory Capital Management Inc. now owns 394,168 shares of the data storage provider’s stock worth $23,453,000 after purchasing an additional 5,495 shares in the last quarter. Comerica Bank grew its position in shares of Seagate Technology by 16.4% during the 4th quarter. Comerica Bank now owns 47,906 shares of the data storage provider’s stock worth $2,796,000 after purchasing an additional 6,765 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Seagate Technology by 13.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,555 shares of the data storage provider’s stock worth $152,000 after purchasing an additional 300 shares in the last quarter. Finally, Cetera Advisor Networks LLC grew its position in shares of Seagate Technology by 3.8% during the 4th quarter. Cetera Advisor Networks LLC now owns 8,312 shares of the data storage provider’s stock worth $496,000 after purchasing an additional 305 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors.

In other news, SVP Ban Seng Teh sold 499 shares of the stock in a transaction on Monday, April 13th. The shares were sold at an average price of $50.79, for a total transaction of $25,344.21. Following the completion of the sale, the senior vice president now directly owns 11,198 shares in the company, valued at $568,746.42. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Stephen J. Luczo sold 5,000 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $49.52, for a total transaction of $247,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,494 shares of company stock valued at $5,557,539. Corporate insiders own 1.12% of the company’s stock.

NASDAQ:STX traded down $0.69 on Friday, hitting $47.04. The company had a trading volume of 36,788 shares, compared to its average volume of 3,588,744. The stock has a market capitalization of $12.19 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 8.33 and a beta of 1.08. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 2.28. The firm has a 50 day moving average of $51.15 and a two-hundred day moving average of $53.01. Seagate Technology PLC has a 52 week low of $39.02 and a 52 week high of $64.17.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Wednesday, April 22nd. The data storage provider reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.19. Seagate Technology had a net margin of 17.57% and a return on equity of 62.81%. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the prior year, the company posted $0.83 EPS. The company’s revenue was up 17.5% on a year-over-year basis. As a group, equities analysts forecast that Seagate Technology PLC will post 4.73 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 24th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 5.53%. The ex-dividend date of this dividend is Tuesday, June 23rd. Seagate Technology’s dividend payout ratio (DPR) is currently 53.94%.

STX has been the topic of a number of analyst reports. Rosenblatt Securities initiated coverage on shares of Seagate Technology in a research report on Monday, June 8th. They set a “buy” rating and a $65.00 target price on the stock. ValuEngine lowered shares of Seagate Technology from a “hold” rating to a “sell” rating in a research report on Friday, May 1st. Robert W. Baird restated a “buy” rating and set a $65.00 target price on shares of Seagate Technology in a research report on Thursday, April 23rd. Loop Capital cut their price target on shares of Seagate Technology from $70.00 to $60.00 in a report on Thursday, April 23rd. Finally, Wells Fargo & Co upped their price target on shares of Seagate Technology from $50.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. Seagate Technology currently has an average rating of “Hold” and an average target price of $54.96.

Seagate Technology 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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