Seagate Technology PLC (STX) Shares Sold by Aviva PLC

Aviva PLC trimmed its position in shares of Seagate Technology PLC (NASDAQ:STX) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,928 shares of the data storage provider’s stock after selling 2,686 shares during the quarter. Aviva PLC’s holdings in Seagate Technology were worth $8,015,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of STX. Northern Trust Corp raised its position in Seagate Technology by 1.1% in the first quarter. Northern Trust Corp now owns 3,203,887 shares of the data storage provider’s stock worth $187,492,000 after acquiring an additional 33,524 shares in the last quarter. Alps Advisors Inc. boosted its stake in Seagate Technology by 46.6% in the 2nd quarter. Alps Advisors Inc. now owns 1,183,377 shares of the data storage provider’s stock worth $49,512,000 after buying an additional 376,362 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Seagate Technology by 1.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,172,074 shares of the data storage provider’s stock valued at $68,590,000 after purchasing an additional 21,686 shares in the last quarter. Summit Trail Advisors LLC lifted its stake in shares of Seagate Technology by 4,026.7% in the 1st quarter. Summit Trail Advisors LLC now owns 1,117,799 shares of the data storage provider’s stock valued at $1,118,000 after purchasing an additional 1,090,712 shares in the last quarter. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Seagate Technology during the 2nd quarter valued at about $62,387,000. 83.35% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP James J. Murphy sold 509 shares of Seagate Technology stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $56.60, for a total value of $28,809.40. Following the completion of the sale, the executive vice president now directly owns 37,693 shares in the company, valued at $2,133,423.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Stephen J. Luczo sold 100,000 shares of Seagate Technology stock in a transaction that occurred on Wednesday, June 6th. The shares were sold at an average price of $59.05, for a total transaction of $5,905,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 6,207,648 shares of company stock valued at $322,103,805 and have sold 146,086 shares valued at $8,434,660. Company insiders own 0.87% of the company’s stock.

A number of brokerages have recently weighed in on STX. BidaskClub upgraded Seagate Technology from a “buy” rating to a “strong-buy” rating in a report on Friday, August 24th. ValuEngine lowered Seagate Technology from a “buy” rating to a “hold” rating in a research report on Thursday, June 7th. Zacks Investment Research downgraded Seagate Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, August 21st. Royal Bank of Canada reaffirmed a “hold” rating and set a $62.00 target price on shares of Seagate Technology in a research report on Monday, July 30th. Finally, Benchmark reissued a “hold” rating on shares of Seagate Technology in a research report on Tuesday, July 31st. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $53.77.

Seagate Technology stock traded up $0.40 during mid-day trading on Friday, hitting $53.54. 3,116,100 shares of the company’s stock were exchanged, compared to its average volume of 3,861,961. Seagate Technology PLC has a fifty-two week low of $30.89 and a fifty-two week high of $62.70. The company has a market capitalization of $16.21 billion, a PE ratio of 9.72, a PEG ratio of 0.73 and a beta of 1.74. The company has a current ratio of 1.35, a quick ratio of 1.02 and a debt-to-equity ratio of 2.59.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Monday, July 30th. The data storage provider reported $1.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.17. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.80 billion. Seagate Technology had a return on equity of 120.71% and a net margin of 10.57%. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. analysts predict that Seagate Technology PLC will post 6.23 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 3rd. Investors of record on Wednesday, September 19th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date is Tuesday, September 18th. Seagate Technology’s payout ratio is currently 45.74%.

Seagate Technology Company Profile

Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The company manufactures and distributes hard disk drives, solid state drives and their related controllers, solid state hybrid drives, and storage subsystems. Its products are used in enterprise servers and storage systems applications; client compute applications, primarily for desktop and mobile computing; and client non-compute applications, including various end user devices, such as portable external storage systems, surveillance systems, network-attached storage, digital video recorders, and gaming consoles.

See Also: Asset Allocation, Balancing Your Investments

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.

Leave a Reply