Captrust Financial Advisors raised its position in shares of Seagate Technology PLC (NASDAQ:STX) by 11.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,284 shares of the data storage provider’s stock after buying an additional 2,697 shares during the quarter. Captrust Financial Advisors’ holdings in Seagate Technology were worth $1,074,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Avestar Capital LLC purchased a new stake in shares of Seagate Technology during the fourth quarter valued at about $100,000. SeaCrest Wealth Management LLC purchased a new position in shares of Seagate Technology in the 4th quarter valued at approximately $174,000. Balentine LLC raised its position in shares of Seagate Technology by 56.8% in the 3rd quarter. Balentine LLC now owns 4,471 shares of the data storage provider’s stock valued at $148,000 after purchasing an additional 1,619 shares during the last quarter. Brave Asset Management Inc. purchased a new position in shares of Seagate Technology in the 4th quarter valued at approximately $203,000. Finally, Advisor Partners LLC purchased a new position in shares of Seagate Technology in the 4th quarter valued at approximately $258,000. 88.84% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on STX shares. TheStreet raised shares of Seagate Technology from a “c+” rating to a “b-” rating in a research report on Tuesday, January 9th. Loop Capital reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Seagate Technology in a research report on Tuesday, January 9th. They noted that the move was a valuation call. BidaskClub lowered shares of Seagate Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. ValuEngine raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, 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, December 12th. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $50.60.
Shares of Seagate Technology PLC (NASDAQ STX) opened at $59.68 on Wednesday. The company has a market cap of $17,000.00, a P/E ratio of 27.25, a PEG ratio of 0.79 and a beta of 1.84. Seagate Technology PLC has a one year low of $30.60 and a one year high of $61.19. 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 (NASDAQ:STX) last issued its quarterly earnings data 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 for 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 business’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the company earned $1.38 EPS. research analysts forecast that Seagate Technology PLC will post 4.87 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 21st will be paid 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 dividend yield of 4.22%. Seagate Technology’s payout ratio is 115.07%.
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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.
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