Janney Montgomery Scott LLC Has $8 Million Stake in Seagate Technology Holdings plc (NASDAQ:STX)

Janney Montgomery Scott LLC raised its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 13.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 73,064 shares of the data storage provider's stock after acquiring an additional 8,944 shares during the quarter. Janney Montgomery Scott LLC's holdings in Seagate Technology were worth $8,003,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Seagate Technology by 3.1% in the first quarter. Vanguard Group Inc. now owns 24,753,076 shares of the data storage provider's stock valued at $2,303,274,000 after purchasing an additional 746,395 shares in the last quarter. Delta Global Management LP bought a new position in Seagate Technology in the 1st quarter valued at about $33,478,000. Point72 Hong Kong Ltd acquired a new position in Seagate Technology in the 2nd quarter valued at $35,349,000. Clearbridge Investments LLC grew its position in shares of Seagate Technology by 14.5% during the 1st quarter. Clearbridge Investments LLC now owns 2,656,828 shares of the data storage provider's stock worth $247,218,000 after purchasing an additional 337,464 shares in the last quarter. Finally, Duquesne Family Office LLC raised its holdings in Seagate Technology by 22.0% in the 2nd quarter. Duquesne Family Office LLC now owns 1,755,278 shares of the data storage provider's stock valued at $181,268,000 after acquiring an additional 316,295 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Insider Activity

In other Seagate Technology news, CEO William D. Mosley sold 141,785 shares of the company's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $110.18, for a total transaction of $15,621,871.30. Following the transaction, the chief executive officer now directly owns 668,616 shares in the company, valued at approximately $73,668,110.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO William D. Mosley sold 141,785 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 668,616 shares of the company's stock, valued at approximately $73,668,110.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $96.10, for a total transaction of $72,075.00. Following the transaction, the director now owns 3,034 shares in the company, valued at $291,567.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 192,638 shares of company stock valued at $20,924,155. 0.81% of the stock is currently owned by company insiders.

Seagate Technology Trading Up 0.5 %

STX traded up $0.48 during trading on Friday, hitting $105.59. The company's stock had a trading volume of 684,439 shares, compared to its average volume of 2,498,505. The firm has a market capitalization of $22.34 billion, a price-to-earnings ratio of 27.44 and a beta of 1.05. The business's fifty day simple moving average is $104.95 and its 200 day simple moving average is $100.67. Seagate Technology Holdings plc has a twelve month low of $71.07 and a twelve month high of $115.32.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $2.13 billion. During the same quarter in the prior year, the company posted ($0.34) EPS. The business's revenue for the quarter was up 49.1% on a year-over-year basis. As a group, equities research analysts forecast that Seagate Technology Holdings plc will post 7.35 earnings per share 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. Investors 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 2.73%. This is an increase 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 73.11%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on STX. Loop Capital lifted their price target on Seagate Technology from $105.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. Evercore ISI increased their price objective on shares of Seagate Technology from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. TD Cowen raised 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. Benchmark reaffirmed a "hold" rating on shares of Seagate Technology in a research report on Wednesday, October 23rd. Finally, UBS Group lifted their target price on shares of Seagate Technology from $110.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $118.83.

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.