Holocene Advisors LP Increases Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Holocene Advisors LP grew its holdings in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 13.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 439,779 shares of the data storage provider's stock after acquiring an additional 50,777 shares during the period. Holocene Advisors LP owned 0.21% of Seagate Technology worth $48,169,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of STX. Sequoia Financial Advisors LLC boosted its stake in shares of Seagate Technology by 3.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the data storage provider's stock worth $281,000 after purchasing an additional 89 shares during the period. CWM LLC raised its stake in shares of 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 acquiring an additional 97 shares in the last quarter. Affinity Capital Advisors LLC grew its position in Seagate Technology by 1.5% during the 3rd quarter. Affinity Capital Advisors LLC now owns 6,620 shares of the data storage provider's stock worth $725,000 after purchasing an additional 100 shares during the last quarter. Kingswood Wealth Advisors LLC grew its position in Seagate Technology by 3.7% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 3,452 shares of the data storage provider's stock worth $357,000 after purchasing an additional 122 shares during the last quarter. Finally, Forum Financial Management LP grew its position in Seagate Technology by 4.0% during the 2nd quarter. Forum Financial Management LP now owns 3,228 shares of the data storage provider's stock worth $333,000 after purchasing an additional 125 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Cantor Fitzgerald reissued a "neutral" rating and set a $125.00 price target on shares of Seagate Technology in a report on Wednesday, October 23rd. Evercore ISI increased their target price on shares of Seagate Technology from $125.00 to $135.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Rosenblatt Securities increased their target price on shares of Seagate Technology from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Northland Securities raised their price objective on shares of Seagate Technology from $142.00 to $144.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Finally, Benchmark reaffirmed a "hold" rating on shares of Seagate Technology in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $118.83.

Insider Buying and Selling

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $96.10, for a total transaction of $72,075.00. Following the transaction, the director now directly owns 3,034 shares of the company's stock, valued at approximately $291,567.40. The trade was a 19.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William D. Mosley sold 141,785 shares of the business's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $110.18, for a total value of $15,621,871.30. Following the completion of the transaction, the chief executive officer now directly owns 668,616 shares in the company, valued at $73,668,110.88. This represents a 17.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 201,820 shares of company stock valued at $21,892,856. Insiders own 0.81% of the company's stock.

Seagate Technology Stock Down 4.7 %

NASDAQ:STX traded down $4.89 during trading hours on Tuesday, reaching $98.27. The company had a trading volume of 2,453,874 shares, compared to its average volume of 2,471,746. The stock has a 50-day moving average of $104.46 and a two-hundred day moving average of $102.04. Seagate Technology Holdings plc has a one year low of $76.87 and a one year high of $115.32. The firm has a market capitalization of $20.79 billion, a PE ratio of 26.93 and a beta of 1.03.

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

Seagate Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Sunday, December 15th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.93%. This is a boost from Seagate Technology's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, December 13th. Seagate Technology's dividend payout ratio (DPR) is presently 73.11%.

About Seagate Technology

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.