Versor Investments LP Takes $2.15 Million Position in Seagate Technology Holdings plc (NASDAQ:STX)

Versor Investments LP acquired a new position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 19,589 shares of the data storage provider's stock, valued at approximately $2,146,000.

Several other hedge funds have also modified their holdings of the stock. Sequoia Financial Advisors LLC increased its stake in Seagate Technology by 3.6% during the third quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the data storage provider's stock worth $281,000 after acquiring an additional 89 shares during the last quarter. CWM LLC increased its position in Seagate Technology by 3.0% during the 2nd quarter. CWM LLC now owns 3,307 shares of the data storage provider's stock worth $342,000 after purchasing an additional 97 shares in the last quarter. Affinity Capital Advisors LLC raised its holdings in Seagate Technology by 1.5% in the third quarter. Affinity Capital Advisors LLC now owns 6,620 shares of the data storage provider's stock valued at $725,000 after buying an additional 100 shares during the period. Kingswood Wealth Advisors LLC lifted its position in Seagate Technology by 3.7% during the second quarter. Kingswood Wealth Advisors LLC now owns 3,452 shares of the data storage provider's stock valued at $357,000 after buying an additional 122 shares in the last quarter. Finally, Burney Co. grew its stake in Seagate Technology by 3.3% during the first quarter. Burney Co. now owns 3,948 shares of the data storage provider's stock worth $367,000 after buying an additional 125 shares during the period. 92.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on STX. The Goldman Sachs Group lifted their target price on shares of Seagate Technology from $96.00 to $107.00 and gave the company a "neutral" rating in a report on Wednesday, July 24th. UBS Group increased their target price on Seagate Technology from $110.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, July 24th. Robert W. Baird boosted their price target on Seagate Technology from $100.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 24th. Wedbush reaffirmed an "outperform" rating and issued a $150.00 price objective on shares of Seagate Technology in a research report on Wednesday, October 23rd. Finally, Morgan Stanley boosted their target price on shares of Seagate Technology from $115.00 to $133.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $118.83.

Seagate Technology Trading Down 2.8 %

Seagate Technology stock traded down $2.94 during mid-day trading on Monday, reaching $101.84. The company's stock had a trading volume of 1,633,377 shares, compared to its average volume of 2,497,754. The firm has a market cap of $21.54 billion, a price-to-earnings ratio of 26.59 and a beta of 1.05. Seagate Technology Holdings plc has a twelve month low of $71.67 and a twelve month high of $115.32. The business has a 50 day moving average price of $105.06 and a 200-day moving average price of $101.00.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.28. Seagate Technology had a net margin of 11.34% and a negative return on equity of 32.19%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the firm earned ($0.34) EPS. The company's revenue for the quarter was up 49.1% compared to the same quarter last year. On average, equities analysts expect that Seagate Technology Holdings plc will post 7.35 EPS for the current fiscal year.

Seagate Technology Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Sunday, December 15th will be given a $0.72 dividend. The ex-dividend date is Friday, December 13th. This is a positive change from Seagate Technology's previous quarterly dividend of $0.70. This represents a $2.88 annualized dividend and a yield of 2.83%. Seagate Technology's dividend payout ratio (DPR) is currently 73.11%.

Insider Buying and Selling at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $99.53, for a total value of $1,990,600.00. Following the sale, the chief executive officer now directly owns 642,497 shares in the company, valued at $63,947,726.41. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Jay L. Geldmacher sold 4,100 shares of the firm's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $103.30, for a total transaction of $423,530.00. Following the transaction, the director now directly owns 2,852 shares of the company's stock, valued at approximately $294,611.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the company's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $99.53, for a total transaction of $1,990,600.00. Following the completion of the sale, the chief executive officer now directly owns 642,497 shares of the company's stock, valued at $63,947,726.41. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 192,638 shares of company stock worth $20,924,155. 0.81% of the stock is owned by insiders.

Seagate Technology 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.