Harbour Capital Advisors LLC Has $350,000 Stake in Seagate Technology PLC (STX)

Harbour Capital Advisors LLC increased its stake in Seagate Technology PLC (NASDAQ:STX) by 3,775.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,563 shares of the data storage provider’s stock after buying an additional 13,213 shares during the period. Harbour Capital Advisors LLC’s holdings in Seagate Technology PLC were worth $350,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Berkshire Asset Management LLC PA increased its position in shares of Seagate Technology PLC by 4.2% in the first quarter. Berkshire Asset Management LLC PA now owns 8,267 shares of the data storage provider’s stock worth $380,000 after buying an additional 336 shares in the last quarter. Juncture Wealth Strategies LLC increased its position in shares of Seagate Technology PLC by 33.6% in the first quarter. Juncture Wealth Strategies LLC now owns 14,700 shares of the data storage provider’s stock worth $675,000 after buying an additional 3,700 shares in the last quarter. Fox Run Management L.L.C. increased its position in shares of Seagate Technology PLC by 7.4% in the first quarter. Fox Run Management L.L.C. now owns 17,400 shares of the data storage provider’s stock worth $799,000 after buying an additional 1,200 shares in the last quarter. Atria Investments LLC increased its position in shares of Seagate Technology PLC by 24.7% in the first quarter. Atria Investments LLC now owns 55,553 shares of the data storage provider’s stock worth $2,552,000 after buying an additional 11,006 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. increased its position in shares of Seagate Technology PLC by 12.4% in the first quarter. Winslow Evans & Crocker Inc. now owns 2,726 shares of the data storage provider’s stock worth $125,000 after buying an additional 300 shares in the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology PLC (NASDAQ:STX) opened at 33.48 on Tuesday. The company has a 50-day moving average price of $38.76 and a 200-day moving average price of $43.35. The stock has a market capitalization of $9.78 billion, a price-to-earnings ratio of 12.98 and a beta of 1.69. Seagate Technology PLC has a 12-month low of $30.09 and a 12-month high of $50.96.

Seagate Technology PLC (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, July 25th. The data storage provider reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by $0.34. Seagate Technology PLC had a net margin of 7.17% and a return on equity of 81.87%. The company had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, equities research analysts forecast that Seagate Technology PLC will post $3.70 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 20th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $2.52 annualized dividend and a yield of 7.53%. Seagate Technology PLC’s dividend payout ratio is currently 97.67%.

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Several research firms have recently weighed in on STX. Cowen and Company restated a “market perform” rating and issued a $45.00 target price (down previously from $46.00) on shares of Seagate Technology PLC in a research report on Wednesday, April 26th. Susquehanna Bancshares Inc restated a “neutral” rating on shares of Seagate Technology PLC in a research report on Wednesday, April 12th. Longbow Research upgraded Seagate Technology PLC from a “neutral” rating to a “buy” rating and raised their target price for the company from $18.42 to $55.00 in a research report on Tuesday, April 11th. Royal Bank Of Canada restated a “hold” rating and issued a $45.00 target price on shares of Seagate Technology PLC in a research report on Friday, June 9th. Finally, Jefferies Group LLC decreased their target price on Seagate Technology PLC from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $42.12.

In related news, SVP Mark Re sold 9,607 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $43.47, for a total value of $417,616.29. Following the completion of the sale, the senior vice president now directly owns 40,470 shares in the company, valued at approximately $1,759,230.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Chong Sup Park sold 3,809 shares of the stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $43.63, for a total value of $166,186.67. Following the completion of the sale, the director now owns 11,753 shares of the company’s stock, valued at $512,783.39. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,456 shares of company stock valued at $715,313. 1.50% of the stock is owned by insiders.

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

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