30,012 Shares in Seagate Technology PLC (STX) Purchased by Cypress Wealth Services LLC

Cypress Wealth Services LLC acquired a new stake in shares of Seagate Technology PLC (NASDAQ:STX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 30,012 shares of the data storage provider’s stock, valued at approximately $1,256,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. ValueAct Holdings L.P. boosted its holdings in Seagate Technology by 55.3% during the third quarter. ValueAct Holdings L.P. now owns 21,458,600 shares of the data storage provider’s stock worth $711,782,000 after purchasing an additional 7,642,835 shares during the last quarter. APG Asset Management N.V. boosted its holdings in Seagate Technology by 4.2% during the third quarter. APG Asset Management N.V. now owns 3,392,370 shares of the data storage provider’s stock worth $112,525,000 after purchasing an additional 135,300 shares during the last quarter. First Trust Advisors LP boosted its holdings in Seagate Technology by 28.5% during the third quarter. First Trust Advisors LP now owns 3,044,778 shares of the data storage provider’s stock worth $100,995,000 after purchasing an additional 674,442 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Seagate Technology by 39.4% during the third quarter. Bank of New York Mellon Corp now owns 2,896,118 shares of the data storage provider’s stock worth $96,064,000 after purchasing an additional 817,861 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Seagate Technology by 7,384.8% during the second quarter. Janus Henderson Group PLC now owns 2,700,947 shares of the data storage provider’s stock worth $104,662,000 after purchasing an additional 2,664,861 shares during the last quarter. Hedge funds and other institutional investors own 92.72% of the company’s stock.

Shares of Seagate Technology PLC (STX) opened at $48.68 on Wednesday. Seagate Technology PLC has a 12-month low of $30.60 and a 12-month high of $56.45. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.58 and a quick ratio of 1.25. The stock has a market cap of $14,080.00, a P/E ratio of 22.23, a PEG ratio of 0.68 and a beta of 1.88.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Monday, January 29th. The data storage provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.09. Seagate Technology had a net margin of 6.10% and a return on equity of 93.35%. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the previous year, the firm posted $1.38 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. sell-side analysts expect that Seagate Technology PLC will post 4.86 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 21st will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 5.18%. The ex-dividend date of this dividend is Tuesday, March 20th. Seagate Technology’s dividend payout ratio (DPR) is currently 115.07%.

Several research firms recently weighed in on STX. Citigroup boosted their price target on shares of Seagate Technology from $34.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, October 24th. Zacks Investment Research cut shares of Seagate Technology from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Mizuho boosted their price target on shares of Seagate Technology from $36.00 to $39.00 and gave the stock a “neutral” rating in a report on Monday, October 23rd. UBS Group boosted their price target on shares of Seagate Technology from $28.00 to $30.00 and gave the stock a “sell” rating in a report on Tuesday, October 24th. Finally, Maxim Group restated a “hold” rating and set a $44.00 price target (up from $43.00) on shares of Seagate Technology in a report on Tuesday, January 9th. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $49.76.

In related news, insider Stephen J. Luczo sold 341,738 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $55.00, for a total transaction of $18,795,590.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Chong Sup Park sold 4,026 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $54.22, for a total transaction of $218,289.72. Following the sale, the director now directly owns 8,715 shares in the company, valued at approximately $472,527.30. The disclosure for this sale can be found here. In the last three months, insiders sold 779,394 shares of company stock worth $41,495,557. Insiders own 0.87% of the company’s stock.

WARNING: This piece of content was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.com-unik.info/2018/02/07/30012-shares-in-seagate-technology-plc-stx-purchased-by-cypress-wealth-services-llc.html.

Seagate Technology Company 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.

Want to see what other hedge funds are holding STX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seagate Technology PLC (NASDAQ:STX).

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

Receive News & Ratings for Seagate Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seagate Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit