Virtu Financial LLC purchased a new position in Seagate Technology PLC (NASDAQ:STX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 33,582 shares of the data storage provider’s stock, valued at approximately $820,000.

Several other institutional investors also recently bought and sold shares of STX. Raymond James Financial Services Advisors Inc. boosted its stake in Seagate Technology by 1.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 78,944 shares of the data storage provider’s stock valued at $4,458,000 after purchasing an additional 1,072 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Seagate Technology by 25.5% during the 2nd quarter. Acadian Asset Management LLC now owns 5,344 shares of the data storage provider’s stock valued at $302,000 after buying an additional 1,087 shares during the period. Norinchukin Bank The lifted its holdings in shares of Seagate Technology by 3.2% during the 3rd quarter. Norinchukin Bank The now owns 35,213 shares of the data storage provider’s stock valued at $1,667,000 after buying an additional 1,088 shares during the period. State Treasurer State of Michigan lifted its holdings in shares of Seagate Technology by 1.3% during the 2nd quarter. State Treasurer State of Michigan now owns 84,940 shares of the data storage provider’s stock valued at $4,797,000 after buying an additional 1,100 shares during the period. Finally, Kwmg LLC lifted its holdings in shares of Seagate Technology by 3.2% during the 2nd quarter. Kwmg LLC now owns 45,618 shares of the data storage provider’s stock valued at $2,576,000 after buying an additional 1,403 shares during the period. Institutional investors own 90.54% of the company’s stock.

In other Seagate Technology news, EVP James J. Murphy sold 13,660 shares of the stock in a transaction on Friday, November 30th. The stock was sold at an average price of $42.53, for a total value of $580,959.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Holdings L.P. Valueact purchased 365,671 shares of the business’s stock in a transaction on Tuesday, November 20th. The stock was acquired at an average price of $41.84 per share, with a total value of $15,299,674.64. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 990,426 shares of company stock worth $41,467,928. 1.00% of the stock is owned by insiders.

Shares of Seagate Technology stock opened at $41.57 on Wednesday. Seagate Technology PLC has a one year low of $36.69 and a one year high of $62.70. The firm has a market capitalization of $12.33 billion, a P/E ratio of 7.54, a P/E/G ratio of 0.68 and a beta of 1.73. The company has a current ratio of 1.42, a quick ratio of 1.07 and a debt-to-equity ratio of 2.34.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Friday, November 2nd. The data storage provider reported $1.70 EPS for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.15. Seagate Technology had a return on equity of 123.05% and a net margin of 12.57%. The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same period last year, the firm earned $0.96 EPS. Seagate Technology’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, analysts forecast that Seagate Technology PLC will post 5.33 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Wednesday, December 19th will be issued a $0.63 dividend. The ex-dividend date is Tuesday, December 18th. This represents a $2.52 dividend on an annualized basis and a yield of 6.06%. Seagate Technology’s dividend payout ratio is currently 45.74%.

Several research firms have recently weighed in on STX. Zacks Investment Research reissued a “hold” rating on shares of Seagate Technology in a report on Friday, November 16th. Longbow Research reissued a “hold” rating on shares of Seagate Technology in a report on Monday, November 12th. Maxim Group lowered their price target on Seagate Technology from $54.00 to $51.00 and set a “hold” rating on the stock in a report on Wednesday, November 7th. BidaskClub raised Seagate Technology from a “hold” rating to a “buy” rating in a report on Tuesday, November 6th. Finally, Morgan Stanley lowered their price target on Seagate Technology from $73.00 to $60.00 and set an “overweight” rating on the stock in a report on Monday, November 5th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $50.91.

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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.

Read More: Price to Earnings Ratio (PE) Basics

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

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