Whittier Trust Co. held its stake in shares of Seagate Technology PLC (NASDAQ:STX) during the second quarter, Holdings Channel reports. The firm owned 6,535 shares of the data storage provider’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Seagate Technology PLC were worth $159,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. Nisa Investment Advisors L.L.C. raised its stake in Seagate Technology PLC by 6.8% in the first quarter. Nisa Investment Advisors L.L.C. now owns 20,350 shares of the data storage provider’s stock valued at $701,000 after buying an additional 1,300 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Seagate Technology PLC during the first quarter valued at approximately $214,000. TIAA CREF Investment Management LLC raised its stake in Seagate Technology PLC by 2.1% in the first quarter. TIAA CREF Investment Management LLC now owns 103,276 shares of the data storage provider’s stock valued at $3,558,000 after buying an additional 2,145 shares during the period. Teachers Advisors Inc. raised its stake in Seagate Technology PLC by 1.4% in the first quarter. Teachers Advisors Inc. now owns 49,446 shares of the data storage provider’s stock valued at $1,703,000 after buying an additional 694 shares during the period. Finally, Prudential Financial Inc. raised its stake in Seagate Technology PLC by 23.5% in the first quarter. Prudential Financial Inc. now owns 439,170 shares of the data storage provider’s stock valued at $15,129,000 after buying an additional 83,703 shares during the period. Institutional investors and hedge funds own 83.86% of the company’s stock.
Seagate Technology PLC (NASDAQ:STX) traded down 0.06% during trading on Friday, reaching $35.16. 5,413,491 shares of the company’s stock traded hands. The company has a market cap of $10.55 billion, a PE ratio of 42.88 and a beta of 2.50. Seagate Technology PLC has a 12-month low of $18.42 and a 12-month high of $41.83. The company has a 50 day moving average price of $36.23 and a 200-day moving average price of $29.09.
Seagate Technology PLC (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, August 2nd. The data storage provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.09. Seagate Technology PLC had a net margin of 2.22% and a return on equity of 38.98%. The business earned $2.65 billion during the quarter, compared to analysts’ expectations of $2.32 billion. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.77 EPS. On average, equities research analysts forecast that Seagate Technology PLC will post $3.04 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 15th. Investors of record on Wednesday, September 21st were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Monday, September 19th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 7.17%. Seagate Technology PLC’s payout ratio is currently 307.32%.
Several equities research analysts have recently commented on STX shares. BMO Capital Markets restated a “market perform” rating on shares of Seagate Technology PLC in a research note on Wednesday, June 22nd. Vetr lowered Seagate Technology PLC from a “hold” rating to a “sell” rating and set a $23.50 price objective for the company. in a research note on Thursday, June 23rd. Zacks Investment Research upgraded Seagate Technology PLC from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 29th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $24.00 price target on shares of Seagate Technology PLC in a research note on Wednesday, June 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $31.00 price target on shares of Seagate Technology PLC in a research note on Thursday, June 30th. One analyst has rated the stock with a sell rating, twenty have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Seagate Technology PLC presently has a consensus rating of “Hold” and a consensus price target of $38.35.
In other Seagate Technology PLC news, SVP Mark Re sold 3,082 shares of the stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $32.50, for a total transaction of $100,165.00. Following the sale, the senior vice president now directly owns 56,623 shares in the company, valued at approximately $1,840,247.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO David H. Morton, Jr. sold 2,773 shares of the stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $35.98, for a total transaction of $99,772.54. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.
About Seagate Technology PLC
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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