New England Research & Management Inc. bought a new position in shares of Seagate Technology PLC (NASDAQ:STX) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 4,900 shares of the data storage provider’s stock, valued at approximately $205,000.
Several other institutional investors have also recently made changes to their positions in the stock. L & S Advisors Inc increased its position in shares of Seagate Technology by 0.5% during the 2nd quarter. L & S Advisors Inc now owns 19,412 shares of the data storage provider’s stock worth $752,000 after purchasing an additional 100 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Seagate Technology by 0.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 48,218 shares of the data storage provider’s stock worth $1,868,000 after purchasing an additional 152 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Seagate Technology by 0.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,065 shares of the data storage provider’s stock worth $855,000 after purchasing an additional 169 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of Seagate Technology by 0.3% during the 2nd quarter. D.A. Davidson & CO. now owns 89,587 shares of the data storage provider’s stock worth $3,471,000 after purchasing an additional 236 shares in the last quarter. Finally, Ropes Wealth Advisors LLC increased its position in shares of Seagate Technology by 4.3% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 6,572 shares of the data storage provider’s stock worth $255,000 after purchasing an additional 270 shares in the last quarter. Institutional investors and hedge funds own 91.32% of the company’s stock.
In other news, insider Jeffrey D. Nygaard acquired 5,000 shares of Seagate Technology stock in a transaction that occurred on Friday, October 27th. The shares were acquired 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 available through this hyperlink. Also, CFO David H. Morton, Jr. sold 7,909 shares of Seagate Technology stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $40.00, for a total transaction of $316,360.00. Following the transaction, the chief financial officer now directly owns 25,561 shares in the company, valued at approximately $1,022,440. The disclosure for this sale can be found here. Insiders have sold a total of 42,481 shares of company stock worth $1,655,011 in the last three months. 0.87% of the stock is owned by insiders.
Shares of Seagate Technology PLC (NASDAQ STX) opened at $46.39 on Wednesday. Seagate Technology PLC has a 1 year low of $30.60 and a 1 year high of $50.96. The company has a debt-to-equity ratio of 4.03, a quick ratio of 1.55 and a current ratio of 1.96. The company has a market cap of $13,420.00, a P/E ratio of 17.57, a PEG ratio of 0.57 and a beta of 1.68.
Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Monday, October 23rd. The data storage provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.86 by $0.10. Seagate Technology had a net margin of 7.41% and a return on equity of 84.50%. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the company earned $0.99 EPS. Seagate Technology’s revenue was down 5.9% on a year-over-year basis. research analysts expect that Seagate Technology PLC will post 4 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Wednesday, December 20th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 5.43%. The ex-dividend date was Tuesday, December 19th. Seagate Technology’s payout ratio is 95.45%.
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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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