Apertura Capital LLC Acquires 5,000 Shares of Seagate Technology PLC (STX)

Apertura Capital LLC grew its holdings in Seagate Technology PLC (NASDAQ:STX) by 14.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,000 shares of the data storage provider’s stock after acquiring an additional 5,000 shares during the quarter. Apertura Capital LLC’s holdings in Seagate Technology were worth $1,894,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. WESPAC Advisors SoCal LLC bought a new stake in shares of Seagate Technology in the third quarter valued at about $108,000. Girard Partners LTD. bought a new stake in Seagate Technology during the third quarter worth about $108,000. Quad Cities Investment Group LLC bought a new stake in Seagate Technology during the second quarter worth about $124,000. Partners Capital Investment Group LLP bought a new stake in Seagate Technology during the second quarter worth about $136,000. Finally, First Hawaiian Bank bought a new stake in Seagate Technology during the third quarter worth about $139,000. 87.06% of the stock is owned by institutional investors.

In other news, insider Valueact Capital Master Fund, acquired 371,086 shares of the stock in a transaction dated Friday, November 23rd. The stock was bought at an average price of $41.84 per share, with a total value of $15,526,238.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Holdings L.P. Valueact acquired 365,671 shares of the stock in a transaction dated Tuesday, November 20th. The stock was purchased at an average cost of $41.84 per share, with a total value of $15,299,674.64. The disclosure for this purchase can be found here. Insiders bought 742,172 shares of company stock valued at $31,053,289 in the last ninety days. 1.00% of the stock is currently owned by insiders.

Shares of NASDAQ STX opened at $42.95 on Monday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.42 and a quick ratio of 1.07. The stock has a market cap of $12.29 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 0.65 and a beta of 1.71. Seagate Technology PLC has a 12 month low of $36.69 and a 12 month high of $62.70.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Friday, November 2nd. The data storage provider reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.15. Seagate Technology had a return on equity of 123.05% and a net margin of 12.57%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The firm’s revenue was up 13.7% compared to the same quarter last year. On average, sell-side analysts predict that Seagate Technology PLC will post 5.33 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Wednesday, December 19th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 5.87%. The ex-dividend date is Tuesday, December 18th. Seagate Technology’s dividend payout ratio is currently 45.74%.

Several equities research analysts recently weighed in on STX shares. Zacks Investment Research reaffirmed a “hold” rating on shares of Seagate Technology in a research report on Friday, November 16th. BidaskClub cut shares of Seagate Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. UBS Group cut shares of Seagate Technology to a “neutral” rating in a research report on Tuesday, October 23rd. Goldman Sachs Group set a $39.00 price objective on shares of Seagate Technology and gave the stock a “sell” rating in a research report on Wednesday, September 12th. Finally, Morgan Stanley lowered their target price on Seagate Technology from $73.00 to $60.00 and set an “overweight” rating for the company in a research note on Monday, November 5th. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $50.91.

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Seagate Technology Profile

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.

Further Reading: Market Capitalization and Individual Investors

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

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