Today: Today, Northwestern Mutual Wealth Management Co. Buys 6,174 Shares of Seagate Technology PLC (STX)

Today, Northwestern Mutual Wealth Management Co. Buys 6,174 Shares of Seagate Technology PLC (STX)

Northwestern Mutual Wealth Management Co. increased its position in Seagate Technology PLC (NASDAQ:STX) by 255.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,595 shares of the data storage provider’s stock after buying an additional 6,174 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Seagate Technology PLC were worth $209,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Charter Trust Co. increased its stake in shares of Seagate Technology PLC by 0.7% in the second quarter. Charter Trust Co. now owns 16,813 shares of the data storage provider’s stock worth $410,000 after buying an additional 110 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Seagate Technology PLC by 0.7% in the second quarter. Capstone Asset Management Co. now owns 15,845 shares of the data storage provider’s stock worth $386,000 after buying an additional 115 shares during the last quarter. Integrated Wealth Management increased its stake in shares of Seagate Technology PLC by 0.4% in the second quarter. Integrated Wealth Management now owns 30,422 shares of the data storage provider’s stock worth $741,000 after buying an additional 133 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Seagate Technology PLC by 0.7% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 22,980 shares of the data storage provider’s stock worth $559,000 after buying an additional 158 shares during the last quarter. Finally, Northeast Financial Consultants Inc increased its stake in shares of Seagate Technology PLC by 0.8% in the second quarter. Northeast Financial Consultants Inc now owns 21,112 shares of the data storage provider’s stock worth $514,000 after buying an additional 171 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Seagate Technology PLC (NASDAQ:STX) traded up 0.64% during trading on Friday, hitting $39.07. The stock had a trading volume of 1,802,333 shares. Seagate Technology PLC has a 52-week low of $18.42 and a 52-week high of $40.10. The firm has a market cap of $11.51 billion, a P/E ratio of 30.93 and a beta of 1.99. The company has a 50-day moving average of $35.91 and a 200 day moving average of $30.77.

Seagate Technology PLC (NASDAQ:STX) last released its earnings results on Wednesday, October 19th. The data storage provider reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.20. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.79 billion. Seagate Technology PLC had a return on equity of 49.42% and a net margin of 3.45%. Seagate Technology PLC’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share. On average, equities research analysts predict that Seagate Technology PLC will post $3.72 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 21st will be given a dividend of $0.63 per share. The ex-dividend date is Monday, December 19th. This represents a $2.52 annualized dividend and a yield of 6.45%. Seagate Technology PLC’s dividend payout ratio (DPR) is presently 200.00%.

Several equities research analysts have recently commented on STX shares. Vetr downgraded Seagate Technology PLC from a “sell” rating to a “strong sell” rating and set a $28.00 price objective for the company. in a report on Monday, August 15th. Craig Hallum boosted their price objective on Seagate Technology PLC from $37.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, September 7th. JPMorgan Chase & Co. upgraded Seagate Technology PLC from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $20.00 to $38.00 in a report on Tuesday, October 11th. Jefferies Group boosted their price objective on Seagate Technology PLC from $32.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, September 6th. Finally, Royal Bank Of Canada boosted their price objective on Seagate Technology PLC from $31.00 to $34.00 and gave the company a “sector perform” rating in a report on Wednesday, August 31st. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $38.77.

In other Seagate Technology PLC news, CFO David H. Morton, Jr. sold 1,716 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $36.16, for a total transaction of $62,050.56. Following the sale, the chief financial officer now directly owns 20,782 shares of the company’s stock, valued at $751,477.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Mark Re sold 5,800 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $33.58, for a total value of $194,764.00. Following the sale, the senior vice president now directly owns 46,970 shares in the company, valued at $1,577,252.60. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

About Seagate Technology PLC

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.

Related posts

Leave a Comment