Gotham Asset Management LLC lifted its holdings in Seagate Technology PLC (NASDAQ:STX) by 5.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 694,963 shares of the data storage provider’s stock after acquiring an additional 32,999 shares during the quarter. Gotham Asset Management LLC owned 0.24% of Seagate Technology PLC worth $26,930,000 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. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Seagate Technology PLC by 10.9% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 406,364 shares of the data storage provider’s stock worth $15,745,000 after acquiring an additional 39,906 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Seagate Technology PLC by 7,384.8% in the 2nd quarter. Janus Henderson Group PLC now owns 2,700,947 shares of the data storage provider’s stock worth $104,662,000 after acquiring an additional 2,664,861 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Seagate Technology PLC by 121.6% in the 2nd quarter. Macquarie Group Ltd. now owns 19,500 shares of the data storage provider’s stock worth $756,000 after acquiring an additional 10,700 shares during the last quarter. Aviance Capital Management LLC bought a new stake in shares of Seagate Technology PLC in the 2nd quarter worth approximately $12,446,000. Finally, L & S Advisors Inc lifted its holdings in shares of Seagate Technology PLC by 0.5% in the 2nd quarter. L & S Advisors Inc now owns 19,412 shares of the data storage provider’s stock worth $752,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Shares of Seagate Technology PLC (NASDAQ:STX) traded up 0.74% during trading on Thursday, reaching $34.23. 1,431,505 shares of the company were exchanged. Seagate Technology PLC has a 1-year low of $30.60 and a 1-year high of $50.96. The firm has a market capitalization of $9.85 billion, a P/E ratio of 13.27 and a beta of 1.72. The firm’s 50 day moving average is $32.39 and its 200 day moving average is $39.19. Seagate Technology PLC also saw some unusual options trading on Monday. Traders purchased 8,448 call options on the stock. This represents an increase of approximately 142% compared to the typical daily volume of 3,494 call options.

Seagate Technology PLC (NASDAQ:STX) last posted its earnings results on Tuesday, July 25th. The data storage provider reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.34). Seagate Technology PLC had a net margin of 7.17% and a return on equity of 81.87%. The company had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter last year, the firm earned $0.69 EPS. Seagate Technology PLC’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, equities analysts anticipate that Seagate Technology PLC will post $3.65 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 20th were paid a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, September 19th. This represents a $2.52 annualized dividend and a yield of 7.42%. Seagate Technology PLC’s dividend payout ratio (DPR) is presently 97.67%.

STX has been the subject of a number of recent research reports. BidaskClub lowered shares of Seagate Technology PLC from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 12th. Benchmark Co. lowered shares of Seagate Technology PLC from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Jefferies Group LLC lowered shares of Seagate Technology PLC from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $40.00 to $29.00 in a report on Monday, September 11th. Zacks Investment Research lowered shares of Seagate Technology PLC from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 20th. Finally, FBN Securities lowered shares of Seagate Technology PLC from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $40.00 to $32.00 in a report on Monday, September 11th. Four investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Seagate Technology PLC has an average rating of “Hold” and an average target price of $40.72.

In related news, insider Philip G. Brace bought 1,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were bought at an average price of $33.34 per share, for a total transaction of $33,340.00. Following the completion of the purchase, the insider now directly owns 62,855 shares of the company’s stock, valued at $2,095,585.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is owned by insiders.

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About Seagate Technology PLC

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 PLC (NASDAQ:STX)

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