Seagate Technology PLC (NASDAQ:STX) insider Valueact Capital Master Fund, acquired 2,225,000 shares of the firm’s stock in a transaction on Friday, February 8th. The shares were bought at an average cost of $44.90 per share, with a total value of $99,902,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Valueact Capital Master Fund, also recently made the following trade(s):
Get Seagate Technology alerts: On Friday, December 7th, Valueact Capital Master Fund, acquired 400,000 shares of Seagate Technology stock. The shares were bought at an average cost of $40.61 per share, with a total value of $16,244,000.00. On Friday, November 30th, Valueact Capital Master Fund, acquired 124,127 shares of Seagate Technology stock. The shares were bought at an average cost of $41.95 per share, with a total value of $5,207,127.65. On Friday, November 23rd, Valueact Capital Master Fund, acquired 371,086 shares of Seagate Technology stock. The shares were bought at an average cost of $41.84 per share, with a total value of $15,526,238.24.NASDAQ:STX traded up $0.56 during mid-day trading on Friday, hitting $45.02. The stock had a trading volume of 3,186,984 shares, compared to its average volume of 4,159,485. The company has a market cap of $12.53 billion, a PE ratio of 8.17, a P/E/G ratio of 0.78 and a beta of 1.61. Seagate Technology PLC has a 52 week low of $35.38 and a 52 week high of $62.70. The company has a quick ratio of 1.07, a current ratio of 1.60 and a debt-to-equity ratio of 2.24.
Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Monday, February 4th. The data storage provider reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.14. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.71 billion. Seagate Technology had a net margin of 14.77% and a return on equity of 105.74%. Seagate Technology’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period last year, the firm posted $1.48 EPS. As a group, equities analysts anticipate that Seagate Technology PLC will post 4.66 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th will be given a $0.63 dividend. The ex-dividend date is Tuesday, March 19th. This represents a $2.52 annualized dividend and a yield of 5.60%. Seagate Technology’s dividend payout ratio is presently 45.74%.
A number of large investors have recently modified their holdings of STX. Atria Investments LLC raised its position in shares of Seagate Technology by 37.5% during the 3rd quarter. Atria Investments LLC now owns 60,298 shares of the data storage provider’s stock worth $2,855,000 after buying an additional 16,449 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Seagate Technology by 13.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 33,269 shares of the data storage provider’s stock worth $1,575,000 after buying an additional 3,853 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Seagate Technology by 13.4% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 25,069 shares of the data storage provider’s stock worth $1,187,000 after buying an additional 2,965 shares in the last quarter. Polianta Ltd raised its position in shares of Seagate Technology by 17.3% during the 3rd quarter. Polianta Ltd now owns 23,900 shares of the data storage provider’s stock worth $1,131,000 after buying an additional 3,520 shares in the last quarter. Finally, First Hawaiian Bank bought a new stake in shares of Seagate Technology during the 3rd quarter worth about $139,000. Hedge funds and other institutional investors own 89.66% of the company’s stock.
Several research firms have recently commented on STX. Craig Hallum decreased their price target on shares of Seagate Technology from $57.00 to $47.00 and set a “hold” rating for the company in a report on Monday, November 5th. BidaskClub lowered shares of Seagate Technology from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Mizuho reaffirmed a “hold” rating and issued a $48.00 price target on shares of Seagate Technology in a report on Monday, November 5th. Summit Insights raised shares of Seagate Technology from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. Finally, Longbow Research reaffirmed a “hold” rating on shares of Seagate Technology in a report on Monday, November 12th. Six equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $47.01.
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Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It manufactures and distributes hard disk drives; solid state drives (SSDs), including serial attached small computer system interface and non-volatile memory express SSDs; solid state hybrid drives; and storage subsystems.
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