Jaffetilchin Investment Partners LLC Invests $346,000 in Seagate Technology PLC (STX) Stock

Jaffetilchin Investment Partners LLC acquired a new stake in Seagate Technology PLC (NASDAQ:STX) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 8,267 shares of the data storage provider’s stock, valued at approximately $346,000.

A number of other hedge funds and other institutional investors have also modified their holdings of STX. WFG Advisors LP grew its stake in Seagate Technology by 16,536.4% in the 2nd quarter. WFG Advisors LP now owns 3,660 shares of the data storage provider’s stock valued at $142,000 after acquiring an additional 3,638 shares during the last quarter. Balentine LLC boosted its stake in shares of Seagate Technology by 56.8% during the 3rd 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. Pacer Advisors Inc. acquired a new stake in shares of Seagate Technology during the 2nd quarter worth about $150,000. SpiderRock Advisors LLC boosted its stake in shares of Seagate Technology by 2,419.5% during the 3rd quarter. SpiderRock Advisors LLC now owns 5,568 shares of the data storage provider’s stock worth $184,000 after purchasing an additional 5,347 shares during the last quarter. Finally, New England Research & Management Inc. acquired a new stake in shares of Seagate Technology during the 4th quarter worth about $205,000. 91.32% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have issued reports on STX. Zacks Investment Research cut shares of Seagate Technology from a “buy” rating to a “hold” rating in a research note on Thursday. TheStreet raised shares of Seagate Technology from a “c+” rating to a “b-” rating in a research note on Tuesday. Craig Hallum reaffirmed a “buy” rating and set a $56.00 price target (up from $50.00) on shares of Seagate Technology in a research note on Tuesday. Wells Fargo & Co reaffirmed a “market perform” rating and set a $45.00 price target (up from $38.00) on shares of Seagate Technology in a research note on Tuesday. Finally, Maxim Group reaffirmed a “hold” rating and set a $44.00 price target (up from $43.00) on shares of Seagate Technology in a research note on Tuesday. Four investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $43.15.

In other news, Chairman Stephen J. Luczo sold 100,000 shares of Seagate Technology stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $48.99, for a total transaction of $4,899,000.00. Following the sale, the chairman now owns 95,420 shares in the company, valued at $4,674,625.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Philip G. Brace sold 5,403 shares of Seagate Technology stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $36.79, for a total transaction of $198,776.37. Following the sale, the insider now owns 33,069 shares in the company, valued at approximately $1,216,608.51. The disclosure for this sale can be found here. Insiders have sold 194,744 shares of company stock worth $9,075,320 in the last quarter. Insiders own 0.87% of the company’s stock.

Shares of Seagate Technology PLC (STX) opened at $49.01 on Friday. The stock has a market cap of $14,180.00, a P/E ratio of 18.56, a PEG ratio of 0.57 and a beta of 1.68. Seagate Technology PLC has a 12 month low of $30.60 and a 12 month high of $50.96. The company has a debt-to-equity ratio of 4.03, a quick ratio of 1.55 and a current ratio of 1.96.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Monday, October 23rd. The data storage provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. Seagate Technology had a net margin of 7.41% and a return on equity of 84.50%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 earnings per share. sell-side analysts forecast that Seagate Technology PLC will post 4 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 20th were paid a dividend of $0.63 per share. The ex-dividend date was Tuesday, December 19th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 5.14%. Seagate Technology’s dividend payout ratio is currently 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.

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

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