Buckley Wealth Management LLC bought a new stake in Seagate Technology PLC (NASDAQ:STX) in the fourth quarter, HoldingsChannel reports. The fund bought 13,550 shares of the data storage provider’s stock, valued at approximately $567,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. WFG Advisors LP boosted its position 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 purchasing an additional 3,638 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in shares of Seagate Technology in the 4th quarter valued at about $174,000. Balentine LLC boosted its position in shares of Seagate Technology by 56.8% in the 3rd quarter. Balentine LLC now owns 4,471 shares of the data storage provider’s stock valued at $148,000 after purchasing an additional 1,619 shares during the period. Advisor Partners LLC acquired a new stake in shares of Seagate Technology in the 4th quarter valued at about $258,000. Finally, New England Research & Management Inc. acquired a new stake in Seagate Technology during the 4th quarter worth approximately $205,000. 92.72% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Edward J. Zander sold 15,089 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $38.79, for a total value of $585,302.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen J. Luczo sold 341,738 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $55.00, for a total value of $18,795,590.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 779,394 shares of company stock valued at $41,495,557. Company insiders own 0.87% of the company’s stock.

A number of analysts have weighed in on the company. Vetr raised Seagate Technology from a “hold” rating to a “buy” rating and set a $56.12 price objective for the company in a research report on Monday, February 5th. BMO Capital Markets increased their price objective on Seagate Technology to $53.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 30th. Maxim Group increased their price objective on Seagate Technology to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Morgan Stanley increased their price objective on Seagate Technology from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Finally, Loop Capital increased their price objective on Seagate Technology to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $49.76.

Seagate Technology PLC (NASDAQ:STX) opened at $47.82 on Monday. The stock has a market capitalization of $13,840.00, a P/E ratio of 21.84, a PEG ratio of 0.63 and a beta of 1.88. Seagate Technology PLC has a one year low of $30.60 and a one year high of $56.45. 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 (NASDAQ:STX) last issued its earnings results on Monday, January 29th. The data storage provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.09. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.86 billion. Seagate Technology had a return on equity of 93.35% and a net margin of 6.10%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the business posted $1.38 EPS. research analysts anticipate that Seagate Technology PLC will post 4.86 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 21st will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend is Tuesday, March 20th. Seagate Technology’s dividend payout ratio (DPR) is 115.07%.

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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.

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

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