Balentine LLC grew its stake in Seagate Technology PLC (NASDAQ:STX) by 56.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,471 shares of the data storage provider’s stock after buying an additional 1,619 shares during the quarter. Balentine LLC’s holdings in Seagate Technology were worth $148,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. WFG Advisors LP lifted its holdings in shares of Seagate Technology by 16,536.4% in the 2nd quarter. WFG Advisors LP now owns 3,660 shares of the data storage provider’s stock valued at $142,000 after buying an additional 3,638 shares during the period. Pacer Advisors Inc. acquired a new position in shares of Seagate Technology in the 2nd quarter valued at about $150,000. SpiderRock Advisors LLC raised its holdings in Seagate Technology by 2,419.5% in the 3rd quarter. SpiderRock Advisors LLC now owns 5,568 shares of the data storage provider’s stock worth $184,000 after purchasing an additional 5,347 shares during the period. Putnam FL Investment Management Co. acquired a new position in Seagate Technology in the 3rd quarter worth about $215,000. Finally, Global X Management Co. LLC raised its holdings in Seagate Technology by 87.7% in the 2nd quarter. Global X Management Co. LLC now owns 6,550 shares of the data storage provider’s stock worth $254,000 after purchasing an additional 3,060 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Shares of Seagate Technology PLC (NASDAQ STX) opened at $40.49 on Monday. Seagate Technology PLC has a 52 week low of $30.60 and a 52 week high of $50.96. The company has a current ratio of 1.96, a quick ratio of 1.55 and a debt-to-equity ratio of 4.03. The company has a market capitalization of $11,710.00, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 0.54 and a beta of 1.67.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Monday, October 23rd. The data storage provider reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.10. Seagate Technology had a return on equity of 84.50% and a net margin of 7.41%. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same period in the previous year, the business earned $0.99 EPS. Seagate Technology’s quarterly revenue was down 5.9% on a year-over-year basis. equities analysts anticipate that Seagate Technology PLC will post 3.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 20th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $2.52 annualized dividend and a yield of 6.22%. Seagate Technology’s dividend payout ratio (DPR) is currently 95.45%.

STX has been the subject of a number of analyst reports. Mizuho reaffirmed a “hold” rating and issued a $36.00 price target on shares of Seagate Technology in a report on Monday, October 9th. FBN Securities cut Seagate Technology from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $40.00 to $32.00 in a report on Monday, September 11th. Zacks Investment Research raised Seagate Technology from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Thursday, October 26th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $35.00 price target on shares of Seagate Technology in a report on Friday, September 1st. Finally, BidaskClub raised Seagate Technology from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 25th. Four analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, six have issued a buy rating and three have issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $41.53.

In other news, insider Philip G. Brace sold 5,403 shares of the company’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 value of $198,776.37. Following the completion of the sale, the insider now directly owns 33,069 shares in the company, valued at $1,216,608.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edward J. Zander sold 15,089 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $38.79, for a total value of $585,302.31. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,481 shares of company stock valued at $1,655,011. 0.87% of the stock is owned by company insiders.

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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.

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

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