Raymond James Trust N.A. lifted its stake in shares of Seagate Technology PLC (NASDAQ:STX) by 12.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,021 shares of the data storage provider’s stock after buying an additional 1,250 shares during the quarter. Raymond James Trust N.A.’s holdings in Seagate Technology were worth $461,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in STX. WFG Advisors LP raised its holdings in shares of Seagate Technology by 16,536.4% during 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. Balentine LLC raised its holdings in shares of Seagate Technology by 56.8% during the 3rd quarter. Balentine LLC now owns 4,471 shares of the data storage provider’s stock valued at $148,000 after buying an additional 1,619 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in shares of Seagate Technology during the 4th quarter valued at about $174,000. SpiderRock Advisors LLC raised its holdings in shares of Seagate Technology by 2,419.5% during the 3rd quarter. SpiderRock Advisors LLC now owns 5,568 shares of the data storage provider’s stock valued at $184,000 after buying an additional 5,347 shares during the period. Finally, New England Research & Management Inc. purchased a new stake in shares of Seagate Technology during the 4th quarter valued at about $205,000. Institutional investors and hedge funds own 92.72% of the company’s stock.

In related news, insider Philip G. Brace sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $46.44, for a total transaction of $557,280.00. Following the completion of the transaction, the insider now owns 27,069 shares in the company, valued at approximately $1,257,084.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen J. Luczo sold 341,738 shares of the business’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. Insiders have sold a total of 779,394 shares of company stock valued at $41,495,557 in the last 90 days. Insiders own 0.87% of the company’s stock.

Several brokerages recently commented on STX. Vetr upgraded Seagate Technology from a “hold” rating to a “buy” rating and set a $56.12 target price on the stock in a report on Monday. Citigroup raised their target price on Seagate Technology from $46.00 to $56.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Robert W. Baird raised their target price on Seagate Technology from $40.00 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Morgan Stanley raised their target price on Seagate Technology from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Finally, BMO Capital Markets raised their target price on Seagate Technology to $53.00 and gave the company a “market perform” rating in a report on Tuesday, January 30th. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.76.

Seagate Technology PLC (STX) opened at $49.55 on Thursday. The company has a market capitalization of $13,865.40, a P/E ratio of 11.62, a PEG ratio of 0.64 and a beta of 1.88. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.58 and a quick ratio of 1.25. Seagate Technology PLC has a 12-month low of $30.60 and a 12-month high of $56.45.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Monday, January 29th. The data storage provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.39 by $0.09. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.86 billion. Seagate Technology had a return on equity of 93.35% and a net margin of 6.10%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm earned $1.38 EPS. research analysts expect that Seagate Technology PLC will post 4.86 earnings per share for the current year.

The business also recently disclosed 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 5.09%. Seagate Technology’s dividend payout ratio 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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