by Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Seagate Technology Holdings plc (NASDAQ:STX – Free Report) in the 3rd quarter, HoldingsChannel reports. The fund acquired 11,867 shares of the data storage provider’s stock, valued at approximately $783,000.
Several other institutional investors and hedge funds have also bought and sold shares of STX. BlackRock Inc. raised its holdings in shares of Seagate Technology by 20.5% during the first quarter. BlackRock Inc. now owns 15,620,098 shares of the data storage provider’s stock valued at $1,032,801,000 after acquiring an additional 2,662,098 shares in the last quarter. Norges Bank bought a new position in shares of Seagate Technology during the fourth quarter valued at approximately $92,189,000. State Street Corp raised its holdings in shares of Seagate Technology by 16.3% during the third quarter. State Street Corp now owns 8,951,455 shares of the data storage provider’s stock valued at $482,736,000 after acquiring an additional 1,256,349 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Seagate Technology by 5.8% during the first quarter. JPMorgan Chase & Co. now owns 15,279,089 shares of the data storage provider’s stock valued at $1,010,254,000 after acquiring an additional 837,041 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Seagate Technology by 85.1% during the second quarter. Barclays PLC now owns 1,243,694 shares of the data storage provider’s stock valued at $76,947,000 after acquiring an additional 571,633 shares in the last quarter. Hedge funds and other institutional investors own 85.26% of the company’s stock.
Seagate Technology Stock Down 0.0 %
Seagate Technology stock opened at $87.98 on Friday. Seagate Technology Holdings plc has a one year low of $54.32 and a one year high of $92.04. The business’s fifty day moving average is $85.60 and its 200 day moving average is $75.57.
Seagate Technology (NASDAQ:STX – Get Free Report) last released its quarterly earnings data on Wednesday, January 24th. The data storage provider reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.19. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.56 billion. As a group, research analysts anticipate that Seagate Technology Holdings plc will post -0.17 EPS for the current year.
Seagate Technology Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Thursday, March 21st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.18%. Seagate Technology’s dividend payout ratio (DPR) is presently -80.00%.
Insider Buying and Selling at Seagate Technology
In other Seagate Technology news, EVP Ban Seng Teh sold 10,000 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $85.00, for a total value of $850,000.00. Following the transaction, the executive vice president now owns 24,289 shares of the company’s stock, valued at $2,064,565. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Seagate Technology news, EVP Ban Seng Teh sold 10,000 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $85.00, for a total value of $850,000.00. Following the transaction, the executive vice president now owns 24,289 shares of the company’s stock, valued at $2,064,565. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Gianluca Romano sold 475 shares of the stock in a transaction dated Saturday, December 9th. The shares were sold at an average price of $80.59, for a total value of $38,280.25. Following the completion of the transaction, the chief financial officer now directly owns 63,874 shares in the company, valued at approximately $5,147,605.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,994 shares of company stock valued at $6,547,701. 0.89% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on STX shares. Wedbush reaffirmed a “neutral” rating and issued a $100.00 price target on shares of Seagate Technology in a research note on Thursday, January 25th. Bank of America upped their price target on Seagate Technology from $80.00 to $87.00 and gave the stock a “buy” rating in a research note on Wednesday, December 6th. Rosenblatt Securities upped their price target on Seagate Technology from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Barclays upped their price target on Seagate Technology from $65.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 16th. Finally, Cantor Fitzgerald started coverage on Seagate Technology in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $90.00 price target on the stock. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $79.00.
View Our Latest Stock Report on STX
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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