4,900 Shares in Seagate Technology PLC (STX) Purchased by New England Research & Management Inc.

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.

STX has been the subject of several research reports. Mizuho restated a “hold” rating and issued a $36.00 price objective on shares of Seagate Technology in a research report on Monday, October 9th. Zacks Investment Research upgraded 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 report on Thursday, October 26th. BidaskClub upgraded shares of Seagate Technology from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 25th. Jefferies Group set a $29.00 price objective on shares of Seagate Technology and gave the company a “hold” rating in a research report on Sunday, October 15th. Finally, Morgan Stanley raised their price objective on shares of Seagate Technology from $32.00 to $37.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 24th. Four 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 presently has an average rating of “Hold” and an average price target of $43.15.

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.

Institutional Ownership by Quarter for Seagate Technology (NASDAQ:STX)

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