Czech National Bank Purchases 3,087 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Czech National Bank grew its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,864 shares of the data storage provider's stock after buying an additional 3,087 shares during the quarter. Czech National Bank's holdings in Seagate Technology were worth $3,959,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in Seagate Technology in the 3rd quarter valued at about $26,000. Quarry LP purchased a new stake in shares of Seagate Technology in the second quarter worth approximately $27,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Seagate Technology by 2,407.1% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 351 shares of the data storage provider's stock valued at $36,000 after purchasing an additional 337 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Seagate Technology by 177.9% during the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider's stock valued at $44,000 after buying an additional 258 shares during the last quarter. Finally, JFS Wealth Advisors LLC boosted its position in shares of Seagate Technology by 232.5% during the third quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider's stock valued at $46,000 after buying an additional 293 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Trading Up 0.8 %

Shares of STX stock traded up $0.73 during trading on Thursday, reaching $95.07. 3,820,538 shares of the company's stock traded hands, compared to its average volume of 2,831,134. The firm's 50-day moving average is $94.55 and its 200 day moving average is $100.37. The company has a market capitalization of $20.11 billion, a P/E ratio of 24.82 and a beta of 1.06. Seagate Technology Holdings plc has a 1 year low of $82.31 and a 1 year high of $115.32.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.28. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.13 billion. Seagate Technology had a negative return on equity of 32.19% and a net margin of 11.34%. The business's quarterly revenue was up 49.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.34) earnings per share. As a group, sell-side analysts predict that Seagate Technology Holdings plc will post 7.18 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Sunday, December 15th were given a dividend of $0.72 per share. The ex-dividend date was Friday, December 13th. This is a boost from Seagate Technology's previous quarterly dividend of $0.70. This represents a $2.88 annualized dividend and a dividend yield of 3.03%. Seagate Technology's dividend payout ratio is currently 75.20%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Cantor Fitzgerald reissued a "neutral" rating and issued a $125.00 price target on shares of Seagate Technology in a research report on Wednesday, October 23rd. StockNews.com lowered shares of Seagate Technology from a "buy" rating to a "hold" rating in a research report on Tuesday. Evercore ISI boosted their price target on shares of Seagate Technology from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Citigroup increased their price objective on shares of Seagate Technology from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group cut their target price on Seagate Technology from $112.00 to $99.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Seagate Technology has an average rating of "Moderate Buy" and an average price target of $120.94.

Insider Transactions at Seagate Technology

In other Seagate Technology news, Director Jay L. Geldmacher sold 4,100 shares of the company's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $103.30, for a total value of $423,530.00. Following the transaction, the director now directly owns 2,852 shares in the company, valued at $294,611.60. This represents a 58.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $101.82, for a total value of $76,365.00. Following the sale, the director now owns 6,555 shares of the company's stock, valued at approximately $667,430.10. This trade represents a 10.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,304 shares of company stock valued at $5,656,238. 0.81% of the stock is currently owned by corporate insiders.

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.