BB&T Securities LLC decreased its holdings in shares of Seagate Technology PLC (NASDAQ:STX) by 17.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 101,586 shares of the data storage provider’s stock after selling 20,941 shares during the period. BB&T Securities LLC’s holdings in Seagate Technology were worth $4,250,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Kwmg LLC boosted its stake in shares of Seagate Technology by 2.7% during the fourth quarter. Kwmg LLC now owns 41,817 shares of the data storage provider’s stock worth $1,750,000 after buying an additional 1,117 shares during the period. Burney Co. raised its holdings in Seagate Technology by 17.3% during the fourth quarter. Burney Co. now owns 7,771 shares of the data storage provider’s stock worth $325,000 after purchasing an additional 1,146 shares in the last quarter. Raymond James Trust N.A. raised its holdings in Seagate Technology by 12.8% during the fourth quarter. Raymond James Trust N.A. now owns 11,021 shares of the data storage provider’s stock worth $461,000 after purchasing an additional 1,250 shares in the last quarter. MML Investors Services LLC raised its holdings in Seagate Technology by 9.3% during the fourth quarter. MML Investors Services LLC now owns 15,227 shares of the data storage provider’s stock worth $637,000 after purchasing an additional 1,290 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Seagate Technology by 6.1% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,408 shares of the data storage provider’s stock worth $776,000 after purchasing an additional 1,343 shares in the last quarter. Institutional investors and hedge funds own 88.82% of the company’s stock.

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In related news, insider Philip G. Brace sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $46.44, for a total transaction of $557,280.00. Following the sale, the insider now owns 27,069 shares in the company, valued at $1,257,084.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David H. Morton, Jr. sold 35,142 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $55.00, for a total transaction of $1,932,810.00. Following the sale, the chief financial officer now owns 8,540 shares in the company, valued at approximately $469,700. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 810,048 shares of company stock worth $43,459,301. 0.87% of the stock is owned by company insiders.

Several research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Seagate Technology from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Vetr cut shares of Seagate Technology from a “strong-buy” rating to a “buy” rating and set a $56.12 price target for the company. in a report on Wednesday, February 14th. Loop Capital increased their price target on shares of Seagate Technology from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday. Maxim Group reissued a “hold” rating and set a $44.00 price target (up from $43.00) on shares of Seagate Technology in a report on Tuesday, January 9th. Finally, BTIG Research increased their price target on shares of Seagate Technology to $63.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Four investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $50.80.

Seagate Technology PLC (STX) opened at $59.04 on Friday. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.25 and a current ratio of 1.58. Seagate Technology PLC has a 12 month low of $30.60 and a 12 month high of $61.19. The firm has a market cap of $17,064.01, a P/E ratio of 26.84, a PEG ratio of 0.79 and a beta of 1.84.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Monday, January 29th. The data storage provider reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.09. Seagate Technology had a net margin of 6.10% and a return on equity of 93.35%. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same period last year, the company posted $1.38 EPS. The company’s revenue was up .7% on a year-over-year basis. research analysts predict that Seagate Technology PLC will post 4.87 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 21st will be given a dividend of $0.63 per share. The ex-dividend date is Tuesday, March 20th. This represents a $2.52 dividend on an annualized basis and a yield of 4.27%. Seagate Technology’s dividend payout ratio (DPR) is currently 114.55%.

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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.

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

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