Seagate Technology PLC (STX) Shares Sold by First National Trust Co

First National Trust Co lowered its holdings in Seagate Technology PLC (NASDAQ:STX) by 25.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,495 shares of the data storage provider’s stock after selling 4,833 shares during the quarter. First National Trust Co’s holdings in Seagate Technology were worth $607,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Davis R M Inc. acquired a new stake in shares of Seagate Technology during the 4th quarter worth approximately $275,000. Bristol Advisors LLC acquired a new stake in shares of Seagate Technology during the 4th quarter worth approximately $711,000. Windward Capital Management Co. CA grew its holdings in shares of Seagate Technology by 95.8% during the 4th quarter. Windward Capital Management Co. CA now owns 41,722 shares of the data storage provider’s stock worth $1,746,000 after purchasing an additional 20,409 shares in the last quarter. Jaffetilchin Investment Partners LLC acquired a new stake in shares of Seagate Technology during the 4th quarter worth approximately $346,000. Finally, New England Research & Management Inc. acquired a new stake in shares of Seagate Technology during the 4th quarter worth approximately $205,000. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

STX has been the topic of several recent research reports. Zacks Investment Research raised Seagate Technology from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 26th. Craig Hallum raised Seagate Technology from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Monday, October 2nd. ValuEngine raised Seagate Technology from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Mizuho reissued a “hold” rating and set a $36.00 price objective on shares of Seagate Technology in a report on Monday, October 9th. Finally, Cowen reissued a “hold” rating and set a $36.00 price objective on shares of Seagate Technology in a report on Friday, October 13th. Four analysts have rated the stock with a sell rating, twenty-three have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.39.

In other news, Director Dambisa F. Moyo sold 8,715 shares of Seagate Technology stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $39.01, for a total value of $339,972.15. Following the completion of the sale, the director now directly owns 3,316 shares of the company’s stock, valued at approximately $129,357.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David H. Morton, Jr. sold 7,909 shares of Seagate Technology stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $40.00, for a total value of $316,360.00. Following the completion of the sale, the chief financial officer now directly owns 25,561 shares of the company’s stock, valued at $1,022,440. The disclosure for this sale can be found here. In the last quarter, insiders sold 199,744 shares of company stock valued at $9,317,320. Corporate insiders own 0.87% of the company’s stock.

Seagate Technology PLC (STX) opened at $52.62 on Friday. The company has a debt-to-equity ratio of 4.03, a current ratio of 1.96 and a quick ratio of 1.55. Seagate Technology PLC has a 52-week low of $30.60 and a 52-week high of $52.77. The stock has a market capitalization of $15,400.00, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 0.77 and a beta of 1.68.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Monday, October 23rd. The data storage provider reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.10. Seagate Technology had a return on equity of 84.50% and a net margin of 7.41%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the previous year, the company posted $0.99 EPS. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. equities research analysts expect that Seagate Technology PLC will post 4.32 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 20th were given a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $2.52 annualized dividend and a yield of 4.79%. Seagate Technology’s payout ratio is 95.45%.

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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.

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

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