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.

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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.

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

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

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