Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Seagate Technology PLC (NASDAQ:STX) by 9.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,300 shares of the data storage provider’s stock after purchasing an additional 7,332 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Seagate Technology were worth $3,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of STX. Balentine LLC raised its holdings in shares of Seagate Technology by 56.8% during the third quarter. Balentine LLC now owns 4,471 shares of the data storage provider’s stock worth $148,000 after purchasing an additional 1,619 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of Seagate Technology during the fourth quarter worth $174,000. Brave Asset Management Inc. purchased a new position in shares of Seagate Technology during the fourth quarter worth $203,000. New England Research & Management Inc. purchased a new position in shares of Seagate Technology during the fourth quarter worth $205,000. Finally, Everence Capital Management Inc. purchased a new position in shares of Seagate Technology during the fourth quarter worth $205,000. 88.84% of the stock is owned by hedge funds and other institutional investors.
STX has been the subject of a number of recent analyst reports. TheStreet raised shares of Seagate Technology from a “c+” rating to a “b-” rating in a report on Tuesday, January 9th. Zacks Investment Research cut shares of Seagate Technology from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. BidaskClub raised shares of Seagate Technology from a “buy” rating to a “strong-buy” rating in a report on Friday, December 8th. Loop Capital reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Seagate Technology in a report on Tuesday, January 9th. They noted that the move was a valuation call. Finally, Wells Fargo & Co initiated coverage on shares of Seagate Technology in a report on Tuesday, November 14th. They issued a “market perform” rating and a $38.00 price objective for the company. Four analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $50.60.
Shares of Seagate Technology PLC (NASDAQ:STX) opened at $60.21 on Tuesday. The company has a market cap of $17,150.00, a PE ratio of 27.49, a PEG ratio of 0.79 and a beta of 1.84. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.25 and a current ratio of 1.58. Seagate Technology PLC has a one year low of $30.60 and a one year high of $60.63.
Seagate Technology (NASDAQ:STX) last released its earnings results on Monday, January 29th. The data storage provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.09. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Seagate Technology had a net margin of 6.10% and a return on equity of 93.35%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.38 earnings per share. research analysts forecast that Seagate Technology PLC will post 4.87 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 21st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $2.52 dividend on an annualized basis and a yield of 4.19%. Seagate Technology’s payout ratio is presently 115.07%.
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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