180 Wealth Advisors LLC grew its holdings in Seagate Technology Holdings plc (NASDAQ:STX – Get Rating) by 69.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,602 shares of the data storage provider’s stock after acquiring an additional 1,881 shares during the period. 180 Wealth Advisors LLC’s holdings in Seagate Technology were worth $318,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Sara Bay Financial boosted its stake in shares of Seagate Technology by 9.0% during the 1st quarter. Sara Bay Financial now owns 13,572 shares of the data storage provider’s stock worth $1,220,000 after acquiring an additional 1,126 shares in the last quarter. Sanders Capital LLC boosted its position in Seagate Technology by 31.1% during the first quarter. Sanders Capital LLC now owns 5,240,802 shares of the data storage provider’s stock worth $517,577,000 after purchasing an additional 1,242,350 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Seagate Technology during the first quarter valued at approximately $137,000. New York State Teachers Retirement System raised its position in shares of Seagate Technology by 0.6% in the first quarter. New York State Teachers Retirement System now owns 245,646 shares of the data storage provider’s stock valued at $22,084,000 after purchasing an additional 1,429 shares during the period. Finally, Laurel Wealth Advisors Inc. bought a new stake in shares of Seagate Technology during the 4th quarter worth $565,000. Institutional investors own 83.07% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently commented on STX. Susquehanna Bancshares dropped their target price on shares of Seagate Technology from $67.00 to $58.00 and set a “negative” rating on the stock in a report on Friday, July 22nd. Barclays lowered their target price on Seagate Technology from $70.00 to $65.00 and set an “equal weight” rating on the stock in a report on Thursday, September 1st. Fox Advisors lowered Seagate Technology from an “overweight” rating to an “equal weight” rating in a report on Friday, July 22nd. Morgan Stanley reduced their price objective on Seagate Technology from $84.00 to $70.00 and set an “equal weight” rating for the company in a research report on Thursday, September 1st. Finally, Citigroup dropped their target price on shares of Seagate Technology from $79.00 to $75.00 in a research report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Seagate Technology currently has an average rating of “Hold” and an average target price of $80.48.
Seagate Technology Stock Up 0.2 %
STX opened at $62.71 on Monday. The firm has a market cap of $12.97 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 10.47 and a beta of 1.11. The company has a debt-to-equity ratio of 46.44, a quick ratio of 0.69 and a current ratio of 1.13. The firm’s 50-day simple moving average is $75.09 and its 200-day simple moving average is $80.28. Seagate Technology Holdings plc has a twelve month low of $61.54 and a twelve month high of $117.67.
Seagate Technology (NASDAQ:STX – Get Rating) last issued its quarterly earnings data on Thursday, July 21st. The data storage provider reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.33). Seagate Technology had a return on equity of 412.90% and a net margin of 14.14%. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the company posted $1.92 earnings per share. Equities research analysts anticipate that Seagate Technology Holdings plc will post 4.95 EPS for the current fiscal year.
Seagate Technology Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Wednesday, September 21st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date is Tuesday, September 20th. Seagate Technology’s dividend payout ratio is currently 38.15%.
Seagate Technology Company Profile
Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.
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