Seagate Technology PLC (STX) Holdings Increased by Axa
Axa grew its holdings in Seagate Technology PLC (NASDAQ:STX) by 164.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,500 shares of the data storage provider’s stock after purchasing an additional 17,100 shares during the period. Axa’s holdings in Seagate Technology were worth $1,151,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in STX. California State Teachers Retirement System purchased a new position in shares of Seagate Technology during the second quarter valued at $638,000. Sei Investments Co. grew its stake in Seagate Technology by 19.4% in the third quarter. Sei Investments Co. now owns 114,184 shares of the data storage provider’s stock valued at $3,788,000 after purchasing an additional 18,566 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Seagate Technology by 39.4% in the third quarter. Bank of New York Mellon Corp now owns 2,896,118 shares of the data storage provider’s stock valued at $96,064,000 after purchasing an additional 817,861 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Seagate Technology by 11.6% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 76,559 shares of the data storage provider’s stock valued at $2,539,000 after purchasing an additional 7,973 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Seagate Technology by 423.5% in the third quarter. Russell Investments Group Ltd. now owns 598,450 shares of the data storage provider’s stock valued at $19,845,000 after purchasing an additional 484,137 shares during the last quarter. Hedge funds and other institutional investors own 88.82% of the company’s stock.
Shares of Seagate Technology stock opened at $59.90 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.58 and a debt-to-equity ratio of 4.07. The firm has a market capitalization of $17,203.57, a PE ratio of 27.23, a price-to-earnings-growth ratio of 0.80 and a beta of 1.84. Seagate Technology PLC has a twelve month low of $30.60 and a twelve month high of $61.19.
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 issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Tuesday, March 20th. Seagate Technology’s dividend payout ratio (DPR) is 114.55%.
In related news, CFO David H. Morton, Jr. sold 35,142 shares of Seagate Technology stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 8,540 shares of the company’s stock, valued at $469,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jay L. Geldmacher sold 4,475 shares of Seagate Technology stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $52.70, for a total value of $235,832.50. Following the sale, the director now directly owns 4,240 shares of the company’s stock, valued at approximately $223,448. The disclosure for this sale can be found here. Insiders have sold 810,048 shares of company stock valued at $43,459,301 in the last ninety days. Corporate insiders own 0.87% of the company’s stock.
STX has been the topic of several analyst reports. Vetr lowered Seagate Technology from a “buy” rating to a “hold” rating and set a $41.79 target price on the stock. in a research note on Thursday, November 23rd. ValuEngine upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. BidaskClub lowered Seagate Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Zacks Investment Research lowered Seagate Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, Cowen reiterated a “market perform” rating and issued a $47.00 target price (up previously from $39.00) on shares of Seagate Technology in a research note on Monday, January 8th. 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 issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $50.60.
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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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