Great West Life Assurance Co. Can increased its stake in Seagate Technology PLC (NASDAQ:STX) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 412,890 shares of the data storage provider’s stock after acquiring an additional 13,104 shares during the period. Great West Life Assurance Co. Can owned approximately 0.14% of Seagate Technology worth $13,614,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. WFG Advisors LP lifted its stake in Seagate Technology by 16,536.4% in the second 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. Pacer Advisors Inc. bought a new stake in Seagate Technology in the second quarter worth about $150,000. SpiderRock Advisors LLC lifted its stake in Seagate Technology by 2,419.5% in the third 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. Putnam FL Investment Management Co. bought a new stake in Seagate Technology in the third quarter worth about $215,000. Finally, Bourgeon Capital Management LLC bought a new stake in Seagate Technology in the third quarter worth about $249,000. Institutional investors own 91.74% of the company’s stock.
Seagate Technology PLC (NASDAQ:STX) opened at $39.11 on Monday. The company has a market cap of $11,315.27, a P/E ratio of 9.56, a P/E/G ratio of 0.52 and a beta of 1.67. Seagate Technology PLC has a 12 month low of $30.60 and a 12 month high of $50.96. The company has a quick ratio of 1.55, a current ratio of 1.96 and a debt-to-equity ratio of 4.03.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 20th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 6.44%. The ex-dividend date is Tuesday, December 19th. Seagate Technology’s dividend payout ratio (DPR) is 95.09%.
In other Seagate Technology news, CFO David H. Morton, Jr. sold 7,909 shares of Seagate Technology stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $40.00, for a total value of $316,360.00. Following the transaction, the chief financial officer now directly owns 25,561 shares of the company’s stock, valued at $1,022,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jay L. Geldmacher sold 5,365 shares of Seagate Technology stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $40.00, for a total transaction of $214,600.00. Following the completion of the transaction, the director now directly owns 8,715 shares in the company, valued at $348,600. The disclosure for this sale can be found here. Insiders sold 44,981 shares of company stock valued at $1,656,761 in the last three months. 0.87% of the stock is currently owned by insiders.
STX has been the subject of several analyst reports. Mizuho reissued a “hold” rating and issued a $36.00 price objective on shares of Seagate Technology in a research note on Monday, October 9th. FBN Securities downgraded shares of Seagate Technology from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $40.00 to $32.00 in a research note on Monday, September 11th. Royal Bank Of Canada reissued a “hold” rating and issued a $35.00 price objective on shares of Seagate Technology in a research note on Friday, September 1st. Zacks Investment Research raised shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Thursday, October 26th. Finally, BidaskClub raised shares of Seagate Technology from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 25th. Four research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Seagate Technology has an average rating of “Hold” and a consensus price target of $41.41.
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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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