2 weeks Ago By ABMN Staff
HB Wealth Management LLC lifted its position in shares of Seagate Technology Holdings plc ( NASDAQ:STX – Free Report ) by 46.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,097 shares of the data storage provider’s stock after buying an additional 1,298 shares during the quarter.
HB Wealth Management LLC’s holdings in Seagate Technology were worth $423,000 as of its most recent SEC filing. A number of other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in Seagate Technology during the 4th quarter worth $15,341,000.
CWM LLC grew its stake in Seagate Technology by 3.9% during the fourth quarter. CWM LLC now owns 3,441 shares of the data storage provider’s stock worth $294,000 after buying an additional 130 shares in the last quarter.
GAMMA Investing LLC bought a new position in Seagate Technology in the fourth quarter valued at approximately $58,000. Mather Group LLC. lifted its position in shares of Seagate Technology by 7.
8% during the 4th quarter. Mather Group LLC. now owns 6,446 shares of the data storage provider’s stock worth $550,000 after buying an additional 468 shares during the last quarter.
Finally, Choreo LLC acquired a new stake in Seagate Technology in the fourth quarter valued at about $528,000. Institutional investors own 92.87% of the company’s stock.
Wall Street Analyst Weigh In Several research analysts have commented on STX shares. Robert W. Baird boosted their target price on Seagate Technology from $100.
00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. TD Cowen increased their price objective on shares of Seagate Technology from $110.
00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Bank of America restated a “buy” rating and set a $110.
00 price target on shares of Seagate Technology in a report on Wednesday, June 5th. Benchmark reissued a “hold” rating on shares of Seagate Technology in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company raised their price target on shares of Seagate Technology from $90.
00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock.
According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $115.94.
Seagate Technology Stock Performance Shares of Seagate Technology stock opened at $97.54 on Friday. The stock has a market capitalization of $20.
50 billion, a price-to-earnings ratio of -75.61 and a beta of 1.02.
The company’s 50 day moving average price is $101.96 and its 200-day moving average price is $95.26.
Seagate Technology Holdings plc has a 52-week low of $62.43 and a 52-week high of $113.57.
Seagate Technology ( NASDAQ:STX – Get Free Report ) last posted its earnings results on Tuesday, July 23rd. The data storage provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.
76 by $0.29. Seagate Technology had a net margin of 5.
11% and a negative return on equity of 8.41%. The company had revenue of $1.
89 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the business posted ($0.
29) earnings per share. Seagate Technology’s revenue for the quarter was up 17.8% on a year-over-year basis.
As a group, equities research analysts forecast that Seagate Technology Holdings plc will post 6.72 earnings per share for the current fiscal year. Seagate Technology Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Monday, October 7th.
Investors of record on Monday, September 23rd will be paid a $0.70 dividend. This represents a $2.
80 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Monday, September 23rd.
Seagate Technology’s payout ratio is -217.05%. Insider Buying and Selling at Seagate Technology In related news, CEO William D.
Mosley sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $93.46, for a total transaction of $1,869,200.
00. Following the transaction, the chief executive officer now owns 654,270 shares in the company, valued at $61,148,074.20.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link . In related news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction that occurred on Wednesday, August 7th.
The stock was sold at an average price of $93.46, for a total transaction of $1,869,200.00.
Following the sale, the chief executive officer now directly owns 654,270 shares in the company, valued at $61,148,074.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website .
Also, CFO Gianluca Romano sold 25,760 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $94.54, for a total value of $2,435,350.
40. Following the completion of the transaction, the chief financial officer now owns 52,620 shares of the company’s stock, valued at approximately $4,974,694.80.
The disclosure for this sale can be found here . In the last ninety days, insiders have sold 72,547 shares of company stock valued at $7,084,361. 0.
89% of the stock is currently owned by company insiders. Seagate Technology Profile ( Free Report ) 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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