Seagate Technology PLC (STX) Shares Bought by Achmea Investment Management B.V.
Achmea Investment Management B.V. grew its position in shares of Seagate Technology PLC (NASDAQ:STX) by 41.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,661 shares of the data storage provider’s stock after purchasing an additional 23,230 shares during the period. Achmea Investment Management B.V.’s holdings in Seagate Technology PLC were worth $3,045,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of Seagate Technology PLC by 74.4% during the second quarter. JPMorgan Chase & Co. now owns 1,650,262 shares of the data storage provider’s stock valued at $63,947,000 after purchasing an additional 703,822 shares in the last quarter. CIBC World Markets Inc. purchased a new position in Seagate Technology PLC in the second quarter worth about $9,699,000. Aviva PLC grew its position in Seagate Technology PLC by 2.8% in the second quarter. Aviva PLC now owns 181,216 shares of the data storage provider’s stock worth $7,022,000 after acquiring an additional 4,950 shares in the last quarter. Meridian Wealth Management LLC grew its position in Seagate Technology PLC by 7.9% in the second quarter. Meridian Wealth Management LLC now owns 8,284 shares of the data storage provider’s stock worth $321,000 after acquiring an additional 604 shares in the last quarter. Finally, Sii Investments Inc. WI grew its position in Seagate Technology PLC by 4.3% in the first quarter. Sii Investments Inc. WI now owns 6,465 shares of the data storage provider’s stock worth $295,000 after acquiring an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 90.08% of the company’s stock.
In other news, insider Philip G. Brace bought 1,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were acquired at an average price of $33.34 per share, with a total value of $33,340.00. Following the completion of the acquisition, the insider now directly owns 62,855 shares in the company, valued at $2,095,585.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.87% of the company’s stock.
Several research analysts recently commented on the company. Royal Bank Of Canada reiterated a “hold” rating and issued a $35.00 price target on shares of Seagate Technology PLC in a research report on Friday, September 1st. Maxim Group reiterated a “hold” rating and issued a $38.00 price target (down previously from $46.00) on shares of Seagate Technology PLC in a research report on Wednesday, July 26th. BidaskClub lowered Seagate Technology PLC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 12th. Craig Hallum upgraded Seagate Technology PLC from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Monday, October 2nd. Finally, ValuEngine upgraded Seagate Technology PLC from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Seagate Technology PLC has an average rating of “Hold” and a consensus target price of $40.70.
Seagate Technology PLC (STX) traded up 2.15% during midday trading on Friday, reaching $35.08. 1,543,723 shares of the company’s stock traded hands. Seagate Technology PLC has a 1-year low of $30.60 and a 1-year high of $50.96. The firm’s 50 day moving average price is $33.17 and its 200-day moving average price is $38.33. The company has a market capitalization of $10.10 billion, a PE ratio of 13.60 and a beta of 1.72.
Seagate Technology PLC (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, July 25th. The data storage provider reported $0.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.34). Seagate Technology PLC had a return on equity of 81.87% and a net margin of 7.17%. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the previous year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. Equities analysts expect that Seagate Technology PLC will post $3.63 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 20th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 7.34%. The ex-dividend date was Tuesday, September 19th. Seagate Technology PLC’s payout ratio is currently 97.67%.
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Seagate Technology PLC 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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