Cetera Advisors LLC reduced its position in shares of Seagate Technology PLC (NASDAQ:STX) by 28.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,370 shares of the data storage provider’s stock after selling 2,486 shares during the quarter. Cetera Advisors LLC’s holdings in Seagate Technology were worth $213,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WFG Advisors LP raised its position 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 worth $142,000 after purchasing an additional 3,638 shares during the last quarter. Balentine LLC raised its position 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 worth $148,000 after purchasing an additional 1,619 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of Seagate Technology during the 2nd quarter worth about $150,000. SpiderRock Advisors LLC raised its position 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 worth $184,000 after purchasing an additional 5,347 shares during the last quarter. Finally, Putnam FL Investment Management Co. acquired a new position in shares of Seagate Technology during the 3rd quarter worth about $215,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Seagate Technology PLC (STX) opened at $42.02 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.55 and a debt-to-equity ratio of 4.03. The firm has a market cap of $12,180.00, a P/E ratio of 10.25, a P/E/G ratio of 0.56 and a beta of 1.67. Seagate Technology PLC has a 1 year low of $30.60 and a 1 year high of $50.96.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Monday, October 23rd. The data storage provider reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.10. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Seagate Technology had a net margin of 7.41% and a return on equity of 84.50%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the company posted $0.99 EPS. analysts expect that Seagate Technology PLC will post 3.99 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 20th will be given a dividend of $0.63 per share. The ex-dividend date is Tuesday, December 19th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 6.00%. Seagate Technology’s payout ratio is currently 95.45%.

Several research firms recently weighed in on STX. Zacks Investment Research upgraded shares of Seagate Technology from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub downgraded shares of Seagate Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. Vetr downgraded shares of Seagate Technology from a “strong-buy” rating to a “buy” rating and set a $45.46 price objective for the company. in a report on Tuesday, December 12th. ValuEngine upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, FBN Securities reiterated a “sector perform” rating and issued a $40.00 price objective (up previously from $32.00) on shares of Seagate Technology in a report on Monday, October 23rd. Four equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Seagate Technology currently has a consensus rating of “Hold” and an average price target of $41.53.

In related news, insider Jeffrey D. Nygaard acquired 5,000 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was purchased at an average price of $37.38 per share, with a total value of $186,900.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Edward J. Zander sold 15,089 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $38.79, for a total transaction of $585,302.31. The disclosure for this sale can be found here. Insiders have sold a total of 42,481 shares of company stock valued at $1,655,011 in the last ninety days. 0.87% of the stock is currently owned by corporate insiders.

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Seagate Technology 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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