Caisse DE Depot ET Placement DU Quebec raised its holdings in Seagate Technology PLC (NASDAQ:STX) by 7.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,968 shares of the data storage provider’s stock after purchasing an additional 5,500 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Seagate Technology were worth $2,530,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. ValueAct Holdings L.P. boosted its position in shares of Seagate Technology by 44.8% in the second quarter. ValueAct Holdings L.P. now owns 13,815,765 shares of the data storage provider’s stock valued at $535,361,000 after acquiring an additional 4,276,275 shares during the period. Janus Henderson Group PLC boosted its position in shares of Seagate Technology by 7,384.8% in the second quarter. Janus Henderson Group PLC now owns 2,700,947 shares of the data storage provider’s stock valued at $104,662,000 after acquiring an additional 2,664,861 shares during the period. Vanguard Group Inc. boosted its position in shares of Seagate Technology by 7.4% in the second quarter. Vanguard Group Inc. now owns 33,412,003 shares of the data storage provider’s stock valued at $1,294,716,000 after acquiring an additional 2,292,075 shares during the period. Schroder Investment Management Group boosted its position in shares of Seagate Technology by 181.1% in the second quarter. Schroder Investment Management Group now owns 1,772,547 shares of the data storage provider’s stock valued at $68,970,000 after acquiring an additional 1,141,917 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Seagate Technology by 39.4% in the third quarter. Bank of New York Mellon Corp now owns 2,896,118 shares of the data storage provider’s stock valued at $96,064,000 after acquiring an additional 817,861 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.
A number of equities analysts have recently commented on the stock. Vetr lowered shares of Seagate Technology from a “strong-buy” rating to a “buy” rating and set a $45.46 price objective for the company. in a research report on Tuesday. Zacks Investment Research upgraded shares of Seagate Technology from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub lowered shares of Seagate Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. ValuEngine upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, FBN Securities restated a “sector perform” rating and issued a $40.00 price objective (up from $32.00) on shares of Seagate Technology in a research report on Monday, October 23rd. Four analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $41.53.
Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Monday, October 23rd. The data storage provider reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.10. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. Seagate Technology had a net margin of 7.41% and a return on equity of 84.50%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 EPS. equities research analysts anticipate that Seagate Technology PLC will post 3.99 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 20th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 5.98%. Seagate Technology’s payout ratio is 95.09%.
In other news, Director Edward J. Zander sold 15,089 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $38.79, for a total value of $585,302.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey D. Nygaard acquired 5,000 shares of the stock in a transaction dated Friday, October 27th. The stock was acquired at an average price of $37.38 per share, with a total value of $186,900.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 42,481 shares of company stock valued at $1,655,011. Company insiders own 0.87% of the company’s stock.
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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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